Mellody is president of Ariel investments, a Chicago-based money management firm that serves individual investors and retirement plans through its no-load mutual funds and separate accounts. Additionally, she is a regular financial contributor and analyst for CBS News. SKIP: Good morning Mellody! MELLODY: Good morning! SKIP: We’re talking about charity this morning? MELLODY: We […]
For iPhone: Mellody Hobson is President of Ariel investments, a Chicago-based money management firm that serves individual investors and retirement plans through its no-load mutual funds and separate accounts. Additionally, she is a regular financial contributor and analyst for CBS news. Tom: We are talking about the student loan problem this morning? Mellody: That’s right, […]
September means college for a lot of people, so today, Mellody Hobson addresses the financial issues around pursuing a higher education. Where should people start? Every financial issue should start with honest and open communication. For college, that means talking to your kids sooner rather than later about what you can afford and what you’re […]
Nationally syndicated personal finance columnist Michelle Singletary for the Washington Post talks with the Tom Joyner Morning show about how to handle returning 2013 college graduates in your home.
Mellody Hobson talks more on retirement in today’s segment of “Money Mondays.” Last week, we talked about a potential retirement crisis for this country. People aren’t saving enough. So that begs the question—How much are you supposed to save? How much ARE you supposed to save? Unfortunately, there is not a silver bullet for retirement. […]
I’m sure TJMS listeners know about the power of compounding. It’s how you make money on investments over time—where you earn interest on your interest. When it comes to achieving long-term financial goals like a secure retirement, compounding is the key. There’s even a popular urban legend (that may or may not be true) that […]
The clock is ticking! People have only a few weeks left to get those returns in. But don’t sacrifice accuracy for speed…Many mistakes people make on their taxes are completely avoidable.
We’re back to taxes again? Yes, but this is the happy part of taxes: the long-awaited refund check! According to the IRS, the average tax return last year was $2,899. Nearly $3,000—that’s a lot of money.
You can start collecting Social Security anytime from age 62 to 70, but the later you start, the bigger your benefit. Just how much bigger depends on when you were born. People born from 1943 to 1954 have a “normal” or “full” retirement age of 66. They get 25% less than their normal benefit if […]
It’s hard to think there’s anything funny about taxes when you’re under a mountain of paperwork, but I do have a bit of comic relief for you today! I did some research about the craziest tax-write offs the IRS has allowed—and some ridiculous things people have tried and failed to slip by the IRS—and you’re […]
You have some tax-related humor prepared for us today? It’s hard to think there’s anything funny about taxes when you’re under a mountain of paperwork, but I do have a bit of comic relief for you today! I did some research about the craziest tax-write offs the IRS has allowed—and some ridiculous things people have […]
Is it already time to talk taxes? You bet it is. Most 1099 forms have already gone out and everyone should be organizing their paperwork and getting ready to pay the taxman. Today I want to tell everyone how to get audited.
