The post-election stock-market rally provided a “great example of why you shouldn’t try to time the market,” says Harold Pollack, who is a University of Chicago professor who is best known for his viral 4-by-6-inch index card of simple personal-finance advice.
A December 2016 Fidelity Investments report found that 60 percent of people who are age 50–80 say a family member or a friend lost the ability to manage his/her day-to-day finances, but only 9 percent believe that such a thing could happen to them.
With lawmakers in Washington keen to lower taxes, the time is right for you to invest in a Roth individual retirement account (IRA) or a Roth 401(k), two experts tell Consumers Digest.
Rising mortgage rates could mean that more homeowners will stay where they are and renovate their home, experts say.
Self-driving automobiles are expected to be revolutionary when they arrive in the next decade.
When human-resources specialist Aon Hewitt surveyed representatives of at least 250 employers recently—many that encourage employees to save for retirement—only 15 percent of the respondents said they’re “satisfied” with how much money that employees save for retirement.
A gift of stock to children can provide good lessons as well as profits—particularly if the stock is a company that children know and like, two experts tell Consumers Digest.
In June 2016, American Society of Travel Agents (ASTA) reported that 22 percent of consumers booked a trip through a travel agent between May 2015 and April 2016—the highest level in 3 years.
Over the past decade, the number of U.S. consumers who are age 60 and older and have student-loan debt quadrupled—primarily because they financed their children’s and grandchildren’s education, according to a January 2017 report from Consumer Financial Protection Bureau.
During a 9-year career in the National Basketball Association, Mark Blount learned how to be a team player, and those skills translate to his role as a small-businessman.
Alcohol is one of the more recession-proof investments that you can make, and these days, the market has gone upscale.
The cost to use an out-of-network ATM rose to a record average of $4.57 as of October 2016, according to Bankrate.com.
According to National Association of Realtors (NAR), 51 percent of recent homebuyers found their home through the internet in 2016, which is up from 44 percent in 2015.
Borrowers whose homes were sold at a foreclosure auction might see some money come their way.
Bank consolidations are on the rise, and they’re expected to continue in 2017.
Federal Reserve raised interest rates in December 2016, and more rate hikes are expected in 2017.
In October 2016, Fitch Ratings published a bullish 2017 outlook for the aerospace and defense (A&D) sector because of a projected increase in sales.
As we told you in our January/February 2017 issue, the top reason why consumers complain to Consumer Financial Protection Bureau (CFPB) is debt collection—particularly debt that consumers believe that they don’t owe.
Nely Galan learned early on that the secret to financial success was what she calls “the side hustle,” which is simply a way to make money that’s outside of your main job.
A May 2016 American University study found that at least 2.5 million Americans earn income in the so-called sharing economy.