By Robert Powell
Are you anxious about going to a financial adviser? Join the crowd.
Many Americans — as well as citizens from other countries — are embarrassed to seek the help of a financial adviser.
“It’s virtually universal that people hesitate about sharing intimate information with others,” says Ed Jacobson, a consultant based in Madison, Wis. “All [...]
By Robert Powell
By Vanessa Tai
Even as you start making your resolutions for the new year, it’s worthwhile to take a good, hard look at your finances as well. No matter what your economic background is, it’s undeniable that money plays an integral part in each of our lives. And very often, the state of our finances is [...]
by Scott Spann
The holidays present numerous financial challenges, not to mention the positive and negative stress associated with spending some quality time with friends and family. (Insert your own mental image of Cousin Eddie from Christmas Vacation here.) Generosity is a wonderful characteristic to possess, but if left without monitoring, it can lead to overspending [...]
By Carolyn Bigda
Sitting around the kitchen table this time of year, you may hear plenty of advice about what you should do with your money: Buy this or that stock. Invest in real estate. Spend a cash gift on something nice.
But even if the opinions are unsolicited, research shows we may be more likely to [...]
By Colleen Oakley
Should you cave and hire the cleaning lady or buck up and do it yourself? And would the money you spend be worth the hours spent not dusting?
How about picking up holiday goodies from your favorite bakery vs. setting aside a weekend afternoon to make your family’s sugar cookies?
Every day we make decisions [...]
Your adult kids should know about your finances—and what they can expect.
By Jessica L. Anderson
Talking to your adult kids about your finances and how you plan to divvy up your money after your death may be one of the most important conversations you’ll ever have. It gives you the chance to tell the kids how [...]
By Liz Skinner
Despite more cash than ever, scarred investors making ‘irrational’ and ‘emotional’ decisions
Five years ago, as Lehman Brothers Holdings Inc. was allowed to fail and Merrill Lynch & Co. Inc. sold its 17,000 brokers to Bank of America Corp. to avoid its demise, financial advisers quickly realized the country wasn’t facing just another market [...]
By John Waggoner
For investors, fall is the season of lushly painted leaves, golden morning light and hideous, soul-searing panics in the stock market.
This fall is shaping up to be no different: Looming military action in Syria, another fight about the debt limit, and hordes of the gibbering undead will all make this autumn peculiarly dangerous.
Our subconscious often stands in the way of our conscious efforts to save for college, prepare for the future, or spend what we’ve saved once we retire.
Some psychologists and financial planners believe these roadblocks are rooted in an individual’s “money script” – the story about money that we’ve told ourselves repeatedly since childhood. They’re [...]
By Chris Taylor
In the world of dating, there is one common assumption: That a fancy car, a pricey dress, and a willingness to splurge are all things that will help you impress and snare your ideal partner.
“You would think that spending would be more attractive, because things like flashy watches or purses are so visible,” [...]