February 27, 2015
Over the next six weeks, millions of high school seniors will get word whether the colleges they have applied to are offering them admission for this coming fall. More than three and a half million applications will be filed, but only about two million will be accepted. Nobody, however, will be watching the mailbox more closely than Mom and Dad. That’s because acceptance letters are followed in short order by financial aid offers.
January 29, 2015
A new study showing that Americans’ average 401(k) balance has risen to $91,300 is being greeted with cheers from some. And, true enough it is the highest balance on record. But the reality is underwhelming. What I found troubling about the study, which is based on mutual fund giant Fidelity’s clients, is that workers and their employers contributed an average $9,670, the most since 2011, but their ending balances rose a measly 2 percent.
December 12, 2014
It seems to me nothing is harder than following a monthly budget. Costs vary month to month and sticking to a rigid plan for spending and saving can be impossible. Apologies to you Quicken and Mint budgeting pros! I admire you, but can’t muster the discipline to do what you do!