NEW YORK • Now is a great time to develop a serious budgeting habit. The next year might bring changes to your annual income and you should look at your finances now so that you are prepared for them. A…
Read More'Peter Pans' may find themselves short of money in old age
They are in their 30s to 50s, mature and inching towards retirement, but they still think they are very young and can, well, live forever – so they tend to spend more rather than save. After all, they keep fit,…
Read MoreWorry about your retirement before the kids
(BLOOMBERG) – Like self-improvement books, the purpose of pension adequacy surveys is to make us feel lousy about ourselves. Lousy and scared: We haven’t saved enough because we’re myopic and lack self-control. We don’t have a retirement plan, and it’s…
Read MoreInvestors should look at how companies are run
When it comes to choosing stocks, most investors use traditional financial metrics such as earnings, return on equity and net asset value. Some might look at charts while others use a combination of fundamentals and technical indicators. It is about…
Read MoreTips for buying big-ticket items
(BLOOMBERG) – I am not a fan of bold pronunciations about spending, like: Never buy a boat! Stop drinking lattes! Don’t buy a new car! They seem designed more to attract attention than impart wisdom. I prefer rational guidelines that help…
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