Apple might not be turning into a bank, but it wants to handle your money. But while we heard a lot about financial health, interest rates, and fees on the stage during Monday’s announcement of the Apple Card, …
Generation X employees are less likely to be confident in their financial situation compared to millennials and baby boomers, a MetLife study found. Nearly half of Gen Xers say they're living paycheck to paycheck, and …
Here’s a statistic that wouldn’t surprise many of your colleagues: 49% of US workers are living paycheck to paycheck, according to this year’s MetLife survey on trends in employee benefits. Given that pressure, another finding from the survey is perhaps less surprising: Nearly one third of respondents (30%) who contribute to …
Much like a pair of budgie smugglers, there's no one-size-fits-all credit card. What provides adequate coverage and comfort for one person might be totally unsuitable for somebody else. A credit card that doesn’t suit your spending habits won't offer you the most value. Here are the warning signs to watch out for.
This special breed of deferred income annuities could be the biggest retirement advance in decades that you've probably never heard of. In July of 2014 the Treasury Department approved the use of Qualified Longevity Annuity Contracts (QLACs for short) in what was arguably the biggest change impacting …
A college 529 plan is a very effective - if under-used - investment vehicle that helps families save for college in a tax-friendly manner. Unfortunately, 529 plans seem to be flying under the radar of U.S. college-bound families who are already struggling to pay for the soaring cost of college. In fact, a substantial majority of …
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A group of activist funds is preparing to launch a proxy fight to replace Bed Bath & Beyond's ( BBBY) board, a report said. The Wall Street Journal identified the activist funds as Legion Partners Asset Management LLC, Macellum Advisors GP LLC and Ancora Advisors LLC. The funds control about 5% of the retailer, The Wall …
The Lansing, Michigan-based company was trading down 9.1% to $55.06 as both net earnings for the fiscal third quarter and earnings per share slid. Earnings per share fell to 25 cents from 32 cents from the same time a year ago; net income, meanwhile, dropped to around $13 million from nearly $16.6 million a year prior.
Apple formally announced the details of its widely expected credit card today, which will offer things like cash back rewards, a whizzy app, and a titanium card with no numbers on it. While many of the features Apple is …
Holders of the dollar-pegged stablecoin TrueUSD can now leverage their funds to generate returns under a new partnership between the token’s developer TrustToken and crypto lender Cred. The deal will enable TUSD holders take part in the CredEarn program, which pays back interest for loans of digital assets to Cred’s …
As more consumers have adopted mobile wallets and point rewards have become easier to earn and spend, it's become more difficult to create a card rewards program that stands out in a crowded market. But one fintech targeting young consumers interested in microinvesting — or buying small amounts of stock — has …
One of the biggest obstacles for young professionals who want to start setting aside cash for investment is student loan debt. It can be difficult for younger professionals to make forward-looking business decisions while still contending with past financial burdens. And professionals of any age must learn to balance debt …
Underwhelmed with the performance of your one person defined benefit pension plan? If you have a defined benefit pension retirement plan or are thinking about starting one for your small business, this article may …
Investment fees, custodial fees and other expenses you pay on your IRA are no longer deductible under the Tax Cuts and Jobs Act. These costs were deductible as a miscellaneous itemized deduction, to the extent that they and other expenses exceeded 2 percent of your adjusted gross income. Back in 2016, about 13 million …
I have been writing about investments, retirement plans and the economy for decades. As you might imagine, I have received a lot of comments and emails from readers. The vast majority of your emails are kind, caring …
As far as Tatiana Skomski is concerned, the American Dream is alive and well — although just beyond reach. Skomski, 24, lives with her boyfriend, K.J., and their dog, Lola, in Portland, Oregon. They picture getting married, buying a house and starting a family. "It's a conversation we have probably every day," she said.
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Better.com, a digital mortgage disruptor and one of the fastest growing home-financing companies in America, announced today that it is now offering government-backed FHA home loans to consumers through the company’s website, Better.com. Insured by the Federal Housing Administration (FHA), FHA-loans require …
Turns out, this is really a two-part question. First, if you're an individual trying to decide how to manage your finances, what's the best approach? And, second, if you fancy yourself a policy expert, should you promote a mandatory-savings program like Australia's, give people options, or step back entirely?
Millennials face a nasty set of obstacles on their path to financial security. From student loans and stalled wage growth to nosebleed housing costs and care for aging parents, it’s a tough time to be navigating the early years of adulthood. An anonymous youngster with the troubling “ShortenedLife” nametag knows this all too well, …
Americans are bad at saving — and banking apps are trying to talk them into doing better. Almost 60% of Americans have less than $1,000 in savings and nearly 80% live paycheck to paycheck. A number of artificial intelligence-powered chatbots are trying to talk people into improving, offering help like budget coaching, …
Sure, you know all about envelope budgeting, Japanese bullet journaling and the tried-and-true method of paying for everything in cash, but there’s a new budgeting method making waves in 2019: It’s called ‘passion budgeting.’ What is it?Passion budgeting is derived from the idea that we should prioritize spending on what …
Chicago, IL –March 26, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: PulteGroup, Inc. PHM, D.R. Horton, Inc. DHI, NVR, …
It's often said that financially speaking, women have a major disadvantage compared to men. U.S. women generally make about $0.80 for every dollar earned by their similarly qualified male counterparts, but that's really the tip of the iceberg. New data from consulting firm Aon indicates that if women don't step up their …
Most of us are looking forward to a long weekend at Easter, with both Good Friday (April 19) and Easter Monday (April 22) off. But two bank holidays in one weekend can be confusing for people receiving Universal Credit, tax credits and child benefits. That’s because the date the Government makes these payments will …
Americans owe trillions of dollars on loans: car loans, loans to pay the bills, student loans, emergency loans. Loans on loans. But many don't understand how interest is charged on loans -- and how it can make them very costly. The interest calculation can be a bit complicated, in the case of compound interest.
Households could collectively be owed up to £220million from energy suppliers, a new report claims. After a relatively warm winter, millions of customers are likely to have paid for more energy than they have used …
A personal loan is a flexible source of financing. You can obtain personal loans from banks, online lenders, or credit unions. And, once you’ve been approved for a loan, you can use the money you receive for any purpose you want. If you’ve decided getting a personal loan makes sense for your situation, you’ll just need to make …
While retiring before the age of 65 might sound like a luxury to many, the reality of early retirement is often much less appealing. Whether because of a layoff or health issue, you might find yourself exiting the workforce long before you’d planned to — and struggling to manage the financial fallout.
Mumbai:TransUnion Cibil is asking lenders to submit monthly credit data of borrowers quicker, a top official at the credit information bureau said. Lenders report credit data of their borrowers to the bureau after every month. Currently, the data is submitted and updated two weeks after the month end.
Large and small businesses alike are turning to prepaid cards as an expense management tool because of its ease of use and the convenience it offers. Prepaid programs save businesses time and money, two of the most important commodities a business needs to succeed. Prepaid programs offer an economical alternative to …
Dear Carrie, My husband and I are in our early 40s with two young kids. We know we should have some sort of estate plan, but it seems like such a chore. Any way to keep it simple? On top of our understandable aversion to facing our own mortality, estate planning conjures up images of mind-boggling detail, long hours with an …
Giving a loan to or taking a loan from relatives and close friends is quite common to meet personal and medical emergencies, to tide over temporary shortfalls. Similarly, giving loans to house helps to help them with their personal needs is also quite common. Therefore, a recent news item, which seemed to suggest that …
Following up on its 2018 SEEK program with Queens College of the City University of New York, which provided financial aid as well as supplemental academic support, TIAA has launched a nifty online and on-campus financial education program called FinSights. The online program aims to help college students (or …
Apple Card is a credit card that exists as a physical card with details on an iPhone. Today Apple showed the Apple Card for the first time ever – and made a pretty convincing case for how the card could be better than any other credit card. The Apple Card launches later this year, and we’ll know more about how you’ll attain …
Millions of people are taking on multiple forms of debt without a clear plan of how to pay it off, new research by KnowYourMoney.co.uk has revealed. Nearly two thirds (64 per cent) of people in Yorkshire have some form of debt, higher than the national average, with credit cards (38 per cent), mortgages (32 per cent) and student …
Exscudo, a blockchain platform which helps users to manage, hold and transfer digital as well as traditional financial assets, recently announced an upcoming credit card linked to the Channels app that will support …
Hannah Godfrey reports... Self-invested personal pension (SIPP) provider Intelligent Money has stopped accepting business from defined benefit (DB) transfers. RP’s sister title Professional Adviser understands the SIPP provider told advisers: “We are not prepared to take on the liability for the advice given by completely …
A recent report has shown that an overwhelming majority of those who used a broker for a previous home loan have either already used or plan to use one again when moving into a subsequent home. ING’s Upgraders Homeownership Survey Report revealed the returning customer figure sits at 81%. When asked about her …
The Millennial generation often makes headlines for theirspending habits,difficult marketabilityand the so-called “killing” ofvarious industries; however, the generation isn’t just ending old-school trends, they’re also …
The Financial Conduct Authority (FCA) has today unveiled a ‘package of remedies’ aimed at helping customers, particularly mortgage prisoners, switch to a cheaper mortgage. In the final stage of its Mortgages Market Study (MMS) the FCA called on lenders to become more innovative by providing more tools to …
OneMoney has followed in the footsteps of Ecocash to introduce its own nano loan, dubbed Katsaona. Katsaona enables OneMoney customers to access collateral-free loans of up to $50 in just 3 minutes (at most) straight into their OneMoney mobile wallet. In the same way, EcoCash partnered with Steward Bank to offer …
Signing-up for credit cards through partner links earns us a commission. Here’s our full Advertising Policy. Once you’ve decided to jump into the world of miles & points, keeping things organized can be difficult, …
In the final report of its Mortgages Market Study, the FCA said that about 30 per cent of consumers missed out on cheaper mortgages that were just as suitable. It cited broker incentives, along with a poor innovation, restricted distribution channels and a lack of clarity from lenders as to why consumers were paying more.
The most recent data from Statistics Canada points to a significant debt problem for Canadians, with household levels reaching a record high of 17.85% in the fourth quarter of 2018. Despite the heavy toll debt takes on many Canadian households, it seems as if it’s not the top item on most Canadians’ list of financial …
The PPI has unveiled a policy paper outlining current considerations and policy debates relevant to DC scheme default strategies. Kim Kaveh explores some of its views. As the majority of defined contribution (DC) members are saving into their scheme’s default fund, trustee and provider decisions on how to structure these …
Historic devastating flooding is occurring now in the Midwest, causing an estimated $3 billion in damage so far and displacing thousands of residents from their homes. And experts warn that the flood risk could persist for months. One of the best ways that you can help those whose lives are being affected by the flooding is by …
For the second time in less than three months — this time FIS and Worldpay — a merger joined two major financial technology companies. What possible effects will this have on the industry? The deal: Jacksonville, Fla.-based FIS, a major financial services technology player, and UK-based Worldpay, a bigtime provider of …
The North West has the UK's second-highest percentage of people currently living with debts hanging over them according to a new study, which revealed that only Greater London is home to a larger proportion of people who are slowly paying off finances owed every month. According to data collected by comparison …
Part 1 explored the importance of controlling costs when managing post-retirement or “decumulation” portfolios.Read it here. Living longer presents two contradictions for investors: an element of the popular buy-hold-rebalance approach becomes more valid while also being rendered useless; and clients need to both …