Student debt is a big problem in the United States today. 54% of young workers report that right now, paying off student loans come before saving for retirement. What’s more, 40% report that worrying about student loans has impacted their health. Does this mean nobody should ever take out loans to pay for college? Of… Read More
5th Annual 100 Best W!Se High Schools Teaching Personal Finance Rankings Announced
NEW YORK, N.Y. – Working in Support of Education (w!se), a New York City-based, national educational nonprofit, today announced the 2016 “100 Best w!se High Schools Teaching Personal Finance” at a ceremony sponsored by Voya Financial®. Earning first place for the second time is New York City’s High School of Math, Science and Engineering at… Read More
THE COMING PUBLIC PENSION CRISIS (AS REPORTED BY OLIVIER GARRET ON WWW.FORBES.COM)
The concept of a pension is something that private employers have all but abandoned, putting more of the onus of retirement savings onto the individual. But most public positions still offer a pension, and so many Americans either currently work towards a pension or are already receiving benefits. And that’s why the coming pension crisis… Read More
401K VESTING (AS REPORTED BY MATT BECKER ON WWW.THESIMPLEDOLLAR.COM)
If you are lucky enough to have an employer who offers a 401k retirement plan, there are tax advantages to directing a portion of each paycheck toward it. You are even luckier still if that employer matches some or all of your contribution, because that is free money available to you simply for joining the… Read More
MISTAKES MADE IN THE MIDDLE CLASS (AS REPORTED BY HOLLY JOHNSON ON WWW.THESIMPLEDOLLAR.COM)
In almost every political cycle, you are likely to hear candidates talk endlessly about America’s middle class. But just who are they talking about? Are you in the middle class? And what can people in the middle class do to make smarter financial choices? While there are many competing definitions of who is middle class… Read More
YOUR RETIREMENT VS. YOUR CHILD’S EDUCATION (AS REPORTED BY NANCY L. ANDERSON ON WWW.FORBES.COM)
If someone were to ask you this question, “Which is more important, saving for your own retirement or saving for your newborn’s college education,” how would you answer? If you’re like most people, you would prioritize your child’s education, putting their needs before your own. Makes sense, right? That is the essence of good parenting…. Read More
EARLY RETIREMENT MISTAKES TO AVOID (AS REPORTED BY MAYA KACHROO-LEVINE ON WWW.FORBES.COM)
Debt is one of the biggest roadblocks to retirement. Debt forces us to work harder and longer than we otherwise would like. And that’s because the money that we earn is not ours, it is someone else’s, until that debt is paid off. One of the biggest errors that people make in their lives is… Read More
MONEY MISTAKES WE MAKE WHEN WE’RE YOUNG (AS REPORTED BY MIRANDA MARQUIT ON WWW.MONEYNING.COM)
All Americans, whether they go to college or not, are expected at some point to have the wisdom and experience necessary to make intelligent life decisions. When it comes to managing money, too often we are expected to make decisions before we have the skills or training to do so. And that’s why so many… Read More
HOW TO BECOME A MILLIONAIRE (AS REPORTED BY RICHARD REIS ON WWW.QZ.COM)
If you want to become wealthy, the best way to get there is not winning the lottery or inventing some brilliant new piece of technology. No, the best way to get there is to follow the tried and true personal finance advice of those that came before you. Follow it religiously, without interruption, over a… Read More
FINANCIAL STATISTICS BASED ON DEGREE TYPE (AS REPORTED BY WWW.PRICEONOMICS.COM)
The majority of would-be college students are not choosing majors based on which professions will pay them the most money. That’s because our culture promotes “you can be whatever you want to be” and encourages them to pursue a field they are passionate about, regardless of money. But the truth is, some degrees lead to… Read More