Personal Finance Latest News

  • Bernstein: Passive Investing Is Worse for Society Than Marxism Bloomberg - 9 hours ago
    Bernstein: Passive Investing Is Worse for Society Than Marxism

    At least it's an ethos.

  • Retirement-Planning Assumptions: Yes, You Can Be Too Conservative Morningstar - Mon, Aug 22, 2016 5:00 PM NZST

    The risks of oversaving and underspending are real, too.

  • Where's the Best Place to Park Your Cash? Morningstar - Mon, Aug 15, 2016 5:00 PM NZST
    Where's the Best Place to Park Your Cash?

    While nearly all of the major cash and cashlike instruments have done a good job of protecting investors’ capital over time, investors seeking an ironclad guarantee of principal preservation will want to focus on FDIC-insured investments. Building on 2010 rules passed in the wake of a large money market fund breaking the buck–or letting its net asset value drop below $1–during the financial crisis, the money market fund rules going into effect this year specifically aim to address the risk of heavy investor redemptions from a portfolio with constrained liquidity. Specifically, the rules require certain types of money market funds to use a “floating” net asset value, as well as to impose fees or install “gates” to stem outflows in periods of constrained liquidity.

  • MIT, NYU, Yale sued over fees for employee retirement plans Reuters - Wed, Aug 10, 2016 4:48 AM NZST

    Three well-known U.S. universities, MIT, New York University and Yale, have been accused of charging millions of dollars in excessive fees to participants in their retirement plans, according to federal civil lawsuits filed on Tuesday. The complaints against the three universities accuse them of breaching their fiduciary duties by causing the plan participants to pay millions of dollars in unreasonable and excessive fees for record keeping, administrative and investment services. In the Massachusetts Institute of Technology complaint, Fidelity Chief Executive Officer Abigail Johnson is singled out because she sits on the school's board of trustees.

  • How to Invest in Retirement U.S.News & World Report - Tue, Aug 9, 2016 1:00 AM NZST

    For people with many years left to work, the retirement goal line looks way off in the gloom. In real life, retirees are likely to go through several stages, each requiring its own preparation. Financial advisors have labeled them the "go-go," "slow-go" and "no-go" years.

  • Retiring next year? 8 money moves to make now Bankrate.com - Thu, Aug 4, 2016 10:00 PM NZST
    Retiring next year? 8 money moves to make now

    As life transitions go, retirement ranks way up there among the most challenging, both financially and emotionally. After a lifetime of work, you may have mixed emotions about retirement -- looking forward to not working but nervous about leaving your work identity behind. Because retirement can be so stressful, Jeff Vollmer, a financial adviser with Hyde Park Wealth Management in Cincinnati, advises clients to begin planning 5 years in advance.

  • Rough Guides to the Golden Years: Retirement Calculators The Wall Street Journal - Sat, Jul 23, 2016 12:39 AM NZST
    Rough Guides to the Golden Years: Retirement Calculators

    While assessing retirement calculators this past week, I plugged in my own information to see how much money I should sock away when one of the scariest things I’ve ever seen appeared on my computer screen. “To make a projection, you have to make lot of assumptions about past and future income based on current information,” said Anek Belbase, a research fellow at the Center for Retirement Research at Boston College. Online calculators rely on information provided by users that typically includes age, income, savings, monthly contributions and the age the person expects to stop working.

  • 10 Retirement Decisions You Will Regret Forever Kiplinger - Fri, Jul 8, 2016 4:40 AM NZST
    10 Retirement Decisions You Will Regret Forever

    As more and more baby boomers start eyeing the coastline of retirement, thoughts turn from the daily worry over the Monday-through-Friday commute to concerns about how to fund the golden years. How about your 401(k), IRA and other retirement accounts that make up your nest egg? Do you have a good handle on when to claim Social Security benefits?

  • Do 401(k) providers favor their own funds? The Wall Street Journal - Tue, Jul 5, 2016 3:20 PM NZST
    Do 401(k) providers favor their own funds?

    For many 401(k) retirement-plan participants, choosing the right fund can be hard enough. It gets even harder when they don’t have the best funds to choose from in the first place. New academic research shows that mutual-fund companies tend to favor their own funds when setting the menus for the 401(k) plans they administer.

  • This woman retired at 33 and is traveling the world without going broke feed_manager_auto_publish_494--autopubtest_WPTUMBLR_485 - Thu, Jun 30, 2016 5:41 AM NZST
    This woman retired at 33 and is traveling the world without going broke

    That is, unless you’re Anita Dhake, who retired from her law career at 33, packed up her stuff and started traveling the world. So far, she has visited countries like including China, Australia, Spain and Brazil, and doesn’t plan to stop until she has checked everything off her bucket list.

  • 7 Savvy Retirement Steps for Generation X Kiplinger - Wed, Jun 29, 2016 6:28 AM NZST
    7 Savvy Retirement Steps for Generation X

    Generation X is hitting middle age. While tax laws and Social Security rules may change by the time Gen Xers reach their golden years, the one thing that is certain is that saving aggressively for retirement now can help smooth the ride.

  • A Payout Limit on Social Security Benefits Kiplinger - Wed, Jun 29, 2016 4:35 AM NZST
    A Payout Limit on Social Security Benefits

    When a worker becomes eligible for social Security, other family members may qualify for benefits on that worker’s record, too. Although the family maximum can range from about 150% to 180% of a worker’s full retirement age benefit, the cap is typically 175%, says Jim Blair, a former district manager for an Ohio Social Security office and a partner at Premier Social Security Consulting, in Sharonville, Ohio. If you have two or more benefits coming off your record, the family maximum will apply, he says.

  • Aging parents: Your adult kids aren't total ingrates like you think they are Yahoo Finance - Wed, Jun 29, 2016 4:03 AM NZST
    Aging parents: Your adult kids aren't total ingrates like you think they are

    Adult children have their parents' backs, a new Fidelity survey says.

  • Court rules against PR in debt case feed_manager_auto_publish_494--autopubtest_WPTUMBLR_485 - Wed, Jun 15, 2016 3:05 AM NZST

    The Supreme Court ruled Monday that Puerto Rico can’t restructure more than $20 billion in public debt as it tries to overcome a decade-long economic crisis. The 5-2 ruling said that federal bankruptcy law bars Puerto Rico from enacting its own law to restructure the debt of its financially ailing public utilities. The decision means the U.S. territory must wait for Congress to pass debt-relief legislation that would address its fiscal woes.

  • 7 tricks to juggling work and motherhood Yahoo Finance - Fri, Jun 3, 2016 3:43 AM NZST
    7 tricks to juggling work and motherhood

    Moms share how their secrets for getting the schedule and salary they need to balance work and motherhood.

  • Millions of Americans regret not saving for retirement earlier. Don't let it happen to you Yahoo Finance - Thu, May 19, 2016 3:43 AM NZST
    Millions of Americans regret not saving for retirement earlier. Don't let it happen to you

    18% of Americans say their biggest financial regret is not saving for retirement early enough.

  • Meet MyRA: You only need $1 to invest in this retirement account Yahoo Finance - Sat, May 14, 2016 6:38 AM NZST
    Meet MyRA: You only need $1 to invest in this retirement account

    Here's how MyRA helps workers save for retirement with as little as $1.

  • Financial stress kills our productivity. Yahoo Finance - Wed, Apr 20, 2016 9:22 AM NZST
    Financial stress kills our productivity.

    Nearly half of 1,600 workers surveyed said they’ve saved less than $50,000 for retirement. Here's why your boss should care.

  • BlackRock’s Larry Fink ruined my birthday Yahoo Finance - Tue, Apr 12, 2016 2:39 AM NZST
    BlackRock’s Larry Fink ruined my birthday

    BlackRock's Larry Fink warns that low interest rates are forcing savers to save far more than what is good for the economy.

  • America’s wealthiest business schools Yahoo Finance - Fri, Apr 8, 2016 12:53 AM NZST
    America’s wealthiest business schools

    Which schools lead and which institutions have some catching up to do?

  • It's about to get much harder for financial advisors to give bad advice Yahoo Finance - Sat, Mar 26, 2016 1:25 AM NZDT
    It's about to get much harder for financial advisors to give bad advice

    Any day now, the U.S. Department of Labor is expected to finalize new rules that would change the way financial advisors are allowed to give advice to their clients.

  • Forbes 2016 World's Billionaires: Meet The Richest People On The Planet Forbes - Wed, Mar 2, 2016 4:29 AM NZDT
    Forbes 2016 World's Billionaires: Meet The Richest People On The Planet

    Bill Gates remains the richest person in the world with a net worth of $75 billion.

  • College grads will love the newest workplace perk Yahoo Finance - Wed, Dec 9, 2015 2:48 AM NZDT
    College grads will love the newest workplace perk

    Need help paying off student debt? Some employers are stepping in to help.

  • Money Minute: How to invest with $5 or less Yahoo Finance - Sat, Oct 24, 2015 4:09 AM NZDT
    Money Minute: How to invest with $5 or less

    New apps like Acorns and Stash are now making it much easier (and cheaper) for novice investors to get started.

  • How to plan for retirement when you're five, 10, and 20 years away Yahoo Finance - Thu, Oct 22, 2015 6:31 AM NZDT
    How to plan for retirement when you're five, 10, and 20 years away

    How should you be planning for retirement when you’re five, 10, or 20 years away from leaving the workforce?

  • It's about to get much easier for consumers to sue big banks Yahoo Finance - Thu, Oct 8, 2015 1:37 AM NZDT
    It's about to get much easier for consumers to sue big banks

    In a statement Wednesday, the Consumer Financial Protection Bureau proposed rules that would prohibit some financial services companies from including a clause in customer agreements that forces class action legal claims to be handled in arbitration.

  • New startup makes stocks as easy to buy as gift cards Yahoo Finance - Wed, Oct 7, 2015 4:12 AM NZDT
    New startup makes stocks as easy to buy as gift cards

    SparkGift allows you to purchase fractional shares of publicly traded companies, as well as index funds, for other people. Is it a smart way to teach kids about investing?

  • American Business Women's Day: Celebrating women in the work force Yahoo Finance - Wed, Sep 23, 2015 4:53 AM NZST
    American Business Women's Day: Celebrating women in the work force

    From the CEOs of companies like Pepsi to entrepreneurs who opened their own cupcake bars, today we celebrate the contributions and accomplishments of women in the work force.

  • Here's why the first day of work makes you want to crawl under your desk and die Yahoo Finance - Fri, Sep 11, 2015 12:52 AM NZST
    Here's why the first day of work makes you want to crawl under your desk and die

    Congrats on your new job! Now you just have to get through that awkward first day of work.

  • Money Minute: 3 ways to save on rent Yahoo Finance - Sat, Sep 5, 2015 8:14 AM NZST
    Money Minute: 3 ways to save on rent

    The rent is too damn high! There are ways to save. We tell you in this week's Money Minute.

  • Here's how smart investors will react to this week's market drama Yahoo Finance - Tue, Aug 25, 2015 4:57 AM NZST
    Here's how smart investors will react to this week's market drama

    The stock market plunge doesn't mean it's time to start padding your mattress with dollar bills. Here's what investors should do:

  • Money Minute: 7 ways to save on college costs Yahoo Finance - Sat, Aug 8, 2015 8:12 AM NZST
    Money Minute: 7 ways to save on college costs

    In this week's Money Minute: 7 ways to save on college costs.

  • Don't get dumped: Dating money mistakes to avoid Yahoo Finance - Thu, Aug 6, 2015 7:25 AM NZST
    Don't get dumped: Dating money mistakes to avoid

    Yahoo Finance asked a handful of women in their 20s and 30s to tell us their biggest financial deal breakers — the money habits that can make or break a potential relationship.

  • Would you buy an engagement ring from Etsy? Yahoo Finance - Wed, Jul 29, 2015 8:10 AM NZST
    Would you buy an engagement ring from Etsy?

    But some couples are bucking the diamond engagement ring trend, looking for affordable alternatives to the traditional diamond engagement ring on Etsy (ETSY).

  • Prosperity may not get much better than this Yahoo Finance - Wed, Jul 29, 2015 2:59 AM NZST
    Prosperity may not get much better than this

    Wondering when the economy will get hot? It might be now.

  • 15 non-fast food jobs that pay less than $15 an hour Yahoo Finance - Tue, Jul 28, 2015 8:06 AM NZST
    15 non-fast food jobs that pay less than $15 an hour

    Fast food and retail aren’t the only industries where workers earn much less than a $15 hourly wage.

  • 22-year-old college student blows her $90,000 college fund and blames her parents Yahoo Finance - Sat, Jul 18, 2015 1:01 AM NZST
    22-year-old college student blows her $90,000 college fund and blames her parents

    On The Bert Show, a Kim confesses how she blew through a $90,000 college fund left to her by her grandparents.

  • What China's volatility means for U.S. investors Yahoo Finance - Thu, Jul 16, 2015 6:57 AM NZST
    What China's volatility means for U.S. investors

    Yahoo Finance explores how the recent volatility in the China stock market might be impacting U.S. investors.

  • What top computer science graduates really want from an employer Yahoo Finance - Thu, Jul 16, 2015 6:51 AM NZST
    What top computer science graduates really want from an employer

    A look at the most desirable employer attributes for tech companies.

  • Walmart wallops Amazon on 'Prime Day' Yahoo Finance - Thu, Jul 16, 2015 3:39 AM NZST
    Walmart wallops Amazon on 'Prime Day'

    Amazon's "deals" involve a lot of oddball products consumers don't care about.

  • State pension funds face $1 trillion funding gap Yahoo Finance - Thu, Jul 16, 2015 2:07 AM NZST
    State pension funds face $1 trillion funding gap

    When local pension fund shortfalls are factored in, the total pension funding gap surpasses $1 trillion, according to Pew.

  • For hot high-tech investment services, cash is trash Yahoo Finance - Wed, Jul 15, 2015 12:55 AM NZST
    For hot high-tech investment services, cash is trash

    New Automated investment platforms such as Betterment and Wealthfront view excess cash holdings as a drag on long-term portfolio performance. Will clients agree is markets turn south?

  • Money Minute: What happens when you take out a 401(k) loan? Yahoo Finance - Tue, Jul 14, 2015 8:18 AM NZST
    Money Minute: What happens when you take out a 401(k) loan?

    Before you borrow money from your 401(k) or ask for a hardship withdrawal, know the consequences. Yahoo Finance's Mandi Woodruff explains.

  • Free financial coaches give the working poor a second chance Yahoo Finance - Fri, Jul 10, 2015 7:53 AM NZST
    Free financial coaches give the working poor a second chance

    Financial coaching initiatives that target the working poor have sprung up in communities across the country.

  • Financial advisors to same sex couples on marriage: not so fast Yahoo Finance - Thu, Jul 9, 2015 2:37 AM NZST

    Financial advisors to same sex couples on marriage: not so fast

  • Money Minute: What's a smart way to invest my 401(k)? Yahoo Finance - Sat, Jun 27, 2015 1:40 AM NZST
    Money Minute: What's a smart way to invest my 401(k)?

    Yahoo Finance's Mandi Woodruff explains how to invest in your 401(k) in this week's Money Minute.

  • 43% of people in relationships have no idea what their partner earns Yahoo Finance - Thu, Jun 25, 2015 5:06 AM NZST
    43% of people in relationships have no idea what their partner earns

    According to a new Fidelity survey, 43% of couples said they had no idea how much their partner earns.

  • Take the Social Security quiz that 72% of Americans failed Yahoo Finance - Thu, Jun 18, 2015 1:26 AM NZST
    Take the Social Security quiz that 72% of Americans failed

    Take the Social Security quiz that 72% of Americans failed, by MassMutual.

  • Time to hang up on office phones? Yahoo Finance - Tue, Jun 9, 2015 8:21 AM NZST
    Time to hang up on office phones?

    As some companies ditch their landline phones in favor of software-based voice communication, Yahoo Finance asks, is the landline phone dead?

  • Money Minute: Can I get by without a credit file? Yahoo Finance - Thu, Jun 4, 2015 5:01 AM NZST
    Money Minute: Can I get by without a credit file?

    Roughly 36 million adults in the U.S. are considered “credit invisible” — meaning they either have no credit history at all or their credit files are so thin that they are virtually unscorable.

  • How much you need to make per hour to afford a rental in the U.S. Yahoo Finance - Sat, May 30, 2015 2:26 AM NZST
    How much you need to make per hour to afford a rental in the U.S.

    Out of Reach, a report bythe National Low-Income Housing Coalition, found how much Americans need to earn to really afford to live in the U.S.

  • The Class of 2015 could use a wakeup call Yahoo Finance - Thu, May 28, 2015 8:19 AM NZST
    The Class of 2015 could use a wakeup call

    Economic Policy Institute: the class of 2015 may be psyched about their job prospects but their optimism doesn’t exactly jibe with reality.

  • The world’s most powerful women 2015 Forbes - Wed, May 27, 2015 2:12 AM NZST
    The world’s most powerful women 2015

    This is FORBES’ annual audit of the extraordinary female entrepreneurs and icon CEOS, celebrity role models and billionaire activists, foremost heads of state and pioneer philanthropists, all ranked by money, media momentum, spheres of influence and impact.

  • Study: Poor children have smaller brains than wealthy peers Yahoo Finance - Tue, Apr 28, 2015 9:30 AM NZST
    Study: Poor children have smaller brains than wealthy peers

    New research shows that low-income kids may be lagging behind their peers because a crucial part of their brains is underdeveloped.

  • Americans are deluded about when they will retire Yahoo Finance - Wed, Apr 22, 2015 8:44 AM NZST
    Americans are deluded about when they will retire

    Americans underestimate their retirement age by a lot, the 2015 retirement confidence survey by the Employee Benefit Research Institute found.

  • Money Minute: 5 signs you're too cheap Yahoo Finance - Sat, Apr 18, 2015 2:19 AM NZST
    Money Minute: 5 signs you're too cheap

    In this week's Money Minute, Yahoo Finance's Mandi Woodruff offers tips on when it's not a good idea to be cheap.

  • How Wall Street may threaten your pension Yahoo Finance - Fri, Apr 17, 2015 4:17 AM NZST
    How Wall Street may threaten your pension

    Fees paid to hedge funds and private equity firms could be coming out of retirees' pockets.

  • Richard Branson, Peter Thiel take aim at Western Union Yahoo Finance - Thu, Apr 16, 2015 4:41 AM NZST
    Richard Branson, Peter Thiel take aim at Western Union

    TransferWise, a UK-based startup that opened its first U.S. office earlier this year, uses a clever loophole to make it possible to send money to other countries. Look out, Western Union.

  • How to make a million after age 70 Bankrate.com - Fri, Apr 10, 2015 3:39 AM NZST
    How to make a million after age 70

    If you are entering your 70s and have scant savings, you probably have harbored fantasies of great wealth. But is the dream really over?

  • Corinthian College graduates protest student loans Yahoo Finance - Thu, Apr 2, 2015 2:02 AM NZDT
    Corinthian College graduates protest student loans

    The “Corinthian 100,” is a growing movement of students who attended Corinthian Colleges, Inc. who say they should not have to pay back their debt.

  • RealMassive Launches St. Louis; Announces Its Real-Time Commercial Real Estate Service Will Go Live in … Marketwired - Thu, Mar 26, 2015 10:06 AM NZDT
    RealMassive Launches St. Louis; Announces Its Real-Time Commercial Real Estate Service Will Go Live in …

    RealMassive, the first data provider to deliver open access to the commercial real estate industry, today announces the launch of the St. Louis marketplace.

  • Home appraisal comes in below your sales price, now what? Associated Press - Thu, Mar 26, 2015 8:41 AM NZDT

    Housing market trends bode well for sellers this spring, but some may encounter hurdles even after they land a buyer. Rising home values and a lack of inventory in many markets could set them up to receive ...

  • Attitudes Toward Retirement Are Shifting, Franklin Templeton Survey Finds Marketwired - Thu, Mar 26, 2015 2:17 AM NZDT

    More than half of Americans are considering working during their retirement, and not simply out of necessity, according to Franklin Templeton's 2015 Retirement Income Strategies and Expectations survey. ...

  • Irish property prices fall for second successive month Reuters - Thu, Mar 26, 2015 2:02 AM NZDT

    Irish residential property prices fell for the second successive month in February, dropping 0.4 percent to slow a recovery from a real estate crash. Property prices have rebounded sharply - as much as 14.9 percent - after being cut in half by the bursting of a bubble in 2008. They were the fastest growing in the European Union in the 12 months to end-September 2014, according to the EU's statistics office. The month-on-month drop last month followed the first contraction for 10 months in January, with property prices in Dublin, which led the recovery, falling by 0.7 percent in February to stand 21.4 percent up on a year earlier.

  • 4 Tips for Apartment Hunting in Los Angeles U.S.News & World Report - Thu, Mar 26, 2015 2:00 AM NZDT

    Los Angeles is a sprawling city full of diverse topography, nearly perfect year-round weather and distinct neighborhoods. Whether you prefer the glitz and glam of Beverly Hills or the laid back vibe of Venice, nearly every LA neighborhood has something special to offer its residents. While Santa Monica is beautiful and one of the more walkable areas in Los Angeles, it's also less affordable than nearby Mar Vista. Your rent should be no more than roughly 30 percent of that income, which can be challenging in an expensive city like Los Angeles.

  • How Social Security benefits are calculated Yahoo Finance - Thu, Mar 26, 2015 1:43 AM NZDT
    How Social Security benefits are calculated

    How does the government calculate Social Security? Yahoo Finance's Mandi Woodruff has the answer:

  • Feb. Sales Of New Homes Hit 7-Yr. High Investor's Business Daily - Wed, Mar 25, 2015 10:12 AM NZDT

    New-home sales rose to a seven-year high in February, the Commerce Department said Tuesday, defying forecasts for a drop amid harsh winter weather. The news boosted shares of homebuilders such as Toll ...

  • Existing Home Sales Face 2 Major Headwinds in the US Market Realist - Wed, Mar 25, 2015 9:04 AM NZDT

    In the US, the National Association of Realtors released its existing home sales figures for February. There was some good news for the housing sector.

  • The Picerne Group, Rockwood Capital and The Muller Company to Build Luxurious 260-Unit Apartment Community … Marketwired - Wed, Mar 25, 2015 8:00 AM NZDT

    The Picerne Group, in collaboration with Rockwood Capital and The Muller Company, have formed a joint venture on a 2.76-acre site to build ELEVEN10 West, a 260-unit multifamily rental community one-block ...

  • How to Avoid a Real Estate Scam U.S.News & World Report - Wed, Mar 25, 2015 6:52 AM NZDT

    You'd be foolish to think you couldn't be fooled in a real estate transaction. While the majority of sellers, buyers and renters are presumably honest, there can be additional players with skin in the game, from landlords and real estate agents to title agency workers and bankers. As Sacramento real estate broker Alexis Moore observes: "The crooks don't always have on orange jump suits. Joe Rand, managing partner for Better Homes and Gardens Rand Realty, which sells and rents home in New York and New Jersey, says that about once a week, he hears of a renter who saw a house but didn't actually go inside.

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