financial advice

Whether your retirement is two years or 22 years away, Mellody has some info for you. Here’s what she wants each age group from millennials to baby boomers to know. LET’S START WITH THOSE WHO ARE CLOSEST TO RETIREMENT: THE BOOMERS. HOW ARE THEY DOING WHEN IT COMES TO SAVING FOR THE GOLDEN YEARS? Research […]

WHY ARE OLD RETIREMENT ACCOUNTS ON YOUR MIND TODAY?  MELLODY: Put simply, people change jobs pretty regularly. According to the Bureau of Labor Statistics, the average worker in America changes employers every 4 years or so. And when we do this, many of us end up starting a new retirement account. But that does not […]

This morning we’re talking about the recent turbulence in the markets. What have we seen lately? There is no denying that the markets have been choppy in recent weeks. After a very strong period at the beginning of the summer, the NASDAQ fell by 3.75% in the past two weeks, while the Dow Jones shed […]

THIS MORNING WE ARE ONCE AGAIN FOCUSED ON THE US-CHINA TRADE TENSIONS THEIR RIPPLE EFFECTS. WHAT IS THE LATEST OUT OF WASHINGTON? More shots were fired in the trade war last week. On Thursday, President Trump took to Twitter to announce that he intends to impose a 10 percent tariff on the remaining $300 billion […]

Please explain how people make millions of dollars and end up broke.  More money doesn’t solve a money problem. If you have $50,000 and spend $100,000 you are living check to Monday. That’s when you get paid on Friday and you’re broke on Monday!  If you make $2,000,000 and you spend $4,000,000, you’re in the […]

Today we are discussing debt collection. Why? Debt collection affects millions of Americans. For several years. the number of households who had accounts in collection was in decline, as many households embraced more responsibly financial practices in the wake of the financial crisis. However, recently we have seen this trend reverse.  Over 25 million Americans […]

We are covering the benefits of a college degree this morning. Why is this on your mind? We often talk about the costs associated with college. Tuition prices have risen steeply in recent decades and student loans burdens now accompany millions of Americans after their studies. These concerns have led many to ask whether the […]

MANY OF OUR LISTENERS ARE CURIOUS ABOUT DIGITAL BANKING VERSUS TRADITIONAL BANKS. WHAT SHOULD THEY KNOW? First, let’s talk about how we got here. Until the 1990s, banking had not changed much over the previous five decades. With the advent of the internet, banks began to offer services online. Eventually, some banks emerged without any […]

Why is it now so important to talk about retirement planning for workers without an employer-sponsored plan? Only about half of all Americans have access to plans available through their job, according to a 2018 report from the Stanford Center on Longevity. The other half are freelancers or workers with multiple jobs or part-time jobs […]

WHAT’S THE NEWS ON MINIMUM WAGE? Put simply, we are seeing progress around the country when it comes to raising the minimum wage. Since 2016, five states and the District of Columbia have raised their wage floor to $15 per hour. My home state of Illinois was the latest state to get on the bandwagon, […]

You are here this morning to discuss why some states and cities are fighting the move away from cash. What’s the story? In recent years we have seen a rapid shift away from cash, both in the U.S. and around the world. Fewer people are using paper money, and the number of retailers cutting out […]

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 […]