Volatility in a mutual fund lowers gains
Mutual funds are the cornerstone of many investors’ portfolios. With thousands of mutual funds in the U.S. alone, choosing the right one for your retirement plan can be complicated.Consider this real-life example (names have been changed, of course, to protect confidentiality): Bob and Sally walked into my office looking for advice about mutual funds. They had narrowed their choices... READ MORE
To marry or not to marry. It’s a question
Some older couples who want social recognition for their love relationships are exchanging rings, throwing parties and holding wedding-type ceremonies. But they’re stopping short of getting legally married to avoid complications with retirement funds, property and grown children.“It was important for our friends to know we were committed to each other,” recalled Dixie... READ MORE
The five best times to buy a new car
That chill in the air signals not only the onset of autumn, but also cooling auto sales. For bargain hunters, this could be a great time to get a good deal on a new car.But sales downturns aren’t the only time to buy a new car. New model rollouts, carmakers’ redesign schedules, and other events can uncover bargains for those who know how to read the tea leaves of the auto... READ MORE
Websites help find the lowest drug prices
Most people don’t shop for lower prescription drug prices. But they should — especially now that there are easier ways to do so. More than a dozen websites and apps are vying to help U.S. consumers find the lowest prices for prescription drugs by comparing prices and searching for deals, similar to the way Expedia looks for cheap airfare or Bankrate.com looks for low... READ MORE
Preferred stocks yielding 6 percent plus
An aura of income is all it takes to lure investors to dividend-paying stocks these days. But if payouts on common stocks don’t hold much appeal to you, consider a company’s preferred shares.Even with their prices hitting 52-week highs, many high-quality preferreds still yield 5 percent or more. These stocks may not have much potential for gains after running up in price this... READ MORE
Stocks with rising dividends for 50 years
There’s no question that dividends can be a powerful part of any long-term investor’s portfolio. There are very few things that are guaranteed in the investing world, but the best dividend stocks always come through for shareholders quarter after quarter.The biggest concern for investors searching for dividend stocks is that a company will cut its dividend at the first sign of... READ MORE
Protect yourself against scams, disputes
The Consumer Federation of America and the North America Consumer Protection Investigators issued a report in July detailing the leading complaints consumers registered with 33 agencies in 21 states. Prominent among them are fraud scams.Susan Grant, director of consumer protection and privacy at the Consumer Federation, stated that some of the newest fraud complaints were related to... READ MORE
Record low bond yields impact investors
The website Quartz reported recently that yields on U.S. 10-year Treasury bonds are lower than they have been since the days of Alexander Hamilton.But when it comes to bond yields, zero is not the limit. Brexit and uneasiness about the global economy have pushed interest rates on a third of developed-country government debt into negative numbers as investors seek safe havens. That means... READ MORE
Retirees find opportunity to serve again
Patricia Rice, 69, is many things: a retiree, mother, grandmother, and now a youth mentor for children transitioning out of the foster system. She found her current position through ReServe — a nonprofit service that matches adults 55 and older with local nonprofits that can benefit from their professional and personal experience.ReServists get meaningful part-time work (and a modest... READ MORE
Sum yourself up in an ‘elevator speech’
Question: Now that I’m looking for a job, I hear a lot of people talking about their “elevator speech.” What do they mean by that?Answer: The concept of an elevator speech has been around for a long time. It’s a succinct (approximately 30 second) business description of what you do and why someone should hire you. It’s called an “elevator... READ MORE
Money 2024
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