A card up your sleeve

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.

Contingency plans

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.

Taxes & Roth IRAs

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.

Saving money on the job

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.

Buying stocks for kids

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.

Rediscovering travel agents

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.

Student debt also for elders

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.

Buying alcohol

Alcohol is one of the more recession-proof investments that you can make, and these days, the market has gone upscale.

ATM fees reach another record

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.

Selling your home through social media

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.

Rising rates & bonds

Federal Reserve raised interest rates in December 2016, and more rate hikes are expected in 2017.

A&D stocks expected to fly high

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.

The scourge of zombie debt

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.

Success & the ‘side hustle’

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.