Why is open enrollment season for health insurance important? Open enrollment is the annual period when you can enroll in or change your health insurance coverage for the upcoming year. Additionally, if you receive other benefits through your employers – life insurance, unemployment insurance – this is a great time to make any adjustments to […]
What do the mid-term results mean for the economy and for everyday Americans? We are unlikely to see significant changes to economic policy, at least in the short term. As a result, while the results will certainly have ripple effects, they are unlikely to affect the core foundations of the economy. As Warren Buffett says, […]
FRIDAY SAW THE RELEASE OF THE OCTOBER JOBS REPORT. WHAT WAS IN IT? Overall, Friday’s jobs report contained really positive news. According to the Labor Department, the economy added 250,000 jobs in October. That did not change the unemployment rate, which held steady at 3.7%, tied with the lowest rate December 1969. But most importantly, […]
YOU JOIN US THIS MORNING WITH CREDIT SCORE NEWS. WHAT DO YOU HAVE FOR US THIS MORNING? An interesting story broke last week that could benefit some of our listeners with below average credit. Fair Isaac Corporation, the company responsible for the widely used FICO credit score, announced it would soon be testing a new […]
WHATS GOING ON WITH THE MARKETS THESE DAYS? In the past few weeks, the markets have sent investors on a bumpy ride. Last week, the S&P 500 and the Dow both fell a little over 4 percent. This week they recovered some of the losses. These ups and downs amid otherwise good economic news can […]
Today we are going back to basics to discuss some financial terms. Why? If I have said it once, I have said it a million times, financial literacy is a critical skill for life. Everyone needs a basic understanding of it to be able to successfully manage their personal finances. Unfortunately, according to research by financial […]
YOU JOIN US THIS MORNING WITH AN UPDATE ON THE ONGOING TRADE WARS. WHAT IS THE LATEST? Last month, President Trump imposed a 10% tariff on an additional $200 billion of imports from China. Those tariffs went into effect on last Monday, and will rise to 25% in January. With this move, the Trump administration […]
While the President likes to tout the strength of the stock market, which, by the way, started long before he took office, the fact remains that most Americans aren’t benefitting from the stock market boom. In fact, only 54% of American adults have investments in stocks, either directly or through a company sponsored retirement plan. […]
Why do we need to pay more attention to childcare these days? According to a new study by Care.com, the cost of childcare has gone up for the fifth year in a row. In fact, a division of real estate site Zillow analyzed the study and found that at $1,385 a month, the average cost of child care in […]
TODAY WE ARE TALKING ABOUT OUR OLD RETIREMENT ACCOUNTS. WHY? As you may have heard, the labor market is very tight. This means we are likely to see increased churn in the labor market as people try to take advantage of the fact that the negotiating power currently rests with workers, not employers. As people […]
LAST WEEK WE TALKED ABOUT THE WAGE GAP. TODAY WE ARE TALKING ABOUT THE LEADERSHIP GAP? Last week, one of the iconic women of corporate America – Indra Nooyi – announced she was stepping down as CEO of PepsiCo after 12 years at the helm. As a result, the number of female CEOs fell again, […]
When it comes to millennials and money, there’s good news and bad news. Good news: The 75 million millennials born between 1981 and 1997 are collectively set to inherit over $30 trillion in wealth from their parents. Bad News: Those that will treated their mothers well and will actually inherit something, probably won’t get it […]
