How can you best accomplish your goals and avoid both financial infidelity and fights over money? Here are five mistakes to avoid:
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" If we look at midlife individuals, they typically have a long history with their own finances at this point," says Jamie Hopkins, director of retirement research at Carson Group, a financial services firm based in Omaha, Neb.
So, you each need to know what the other's financial experience has been. "That is important because if you're moving forward with a new relationship, you have to understand how you operated previously. Those experiences will color your future experiences," says Hopkins.
Other things to check out:
Does money talk in the Lowell City Council Chamber? – Lowell Sun
A complex dispute involving a new roundabout by the proposed Pawtucket Boulevard Market Basket and an unhappy property owner — developer and former retired Lowell cop Steven O'Neill — came before the City Council on Tuesday.
The item was a rare City Council foray into curb cuts, grades and floodplains. While long on minutiae, the conversation was not short on passion.
"This man is getting screwed," said Councilor Rita Mercier in a particularly heated moment. "That's what's happening to him."
Couple must decide how to handle post-marriage money merger - Los Angeles Times
Dear Liz: My son just married. He and his wife are keeping totally separate finances, though he makes much more than she does. She is spending way more than she should on household items and services. Is this the new norm for relationships? What kind of professional do we contact that could help them with merging their finances?
Answer: You don't contact any kind of professional. Your son and his wife can find help on their own. If your son starts complaining about his wife's spending again, you might gently suggest that before changing the subject.
Money Sense: Common financial regrets from the past year | Money Sense | unionleader.com
DO YOU HAVE any financial regrets from the past year? Bankrate, which is a consumer finance company, has a Financial Security Index that indicates that 76% of Americans have at least one regret. Here are some of the most common ones.
The potential solution is to reduce your housing costs. You might find a smaller house in the same area or move to a less expensive town. Another solution might be to watch interest rates and examine if refinancing makes sense.
While you're here, how about this:
There's Nearly $100 Billion in Forgotten Money, and It's Easier Than Ever to Claim.
I just got my share of $100 billion. It was only $80—a wayward rebate check for an appliance purchase from a few years ago that wound up in Illinois' unclaimed-property coffers—but it took mere minutes to claim.
Between 2013 and 2017, states returned $14.86 billion in missing money, according to the National Association of Unclaimed Property Administrators, or Naupa. And that's just a fraction of the close to $100 billion in unclaimed assets that states still hold. Unclaimed property spans many asset types, including pension checks, rebates, tax refunds, old bank accounts, dividends, security deposits, and more.
The Surprising Amount of Money Congress Has Stolen From Social Security | The Motley
How did Social Security get into this mess, you ask? That's a source of contentious debate, and it's also a land mine of misinformation.
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One of the more common theories as to why Social Security is facing a huge long-term cash shortfall is that lawmakers in Congress have pilfered cash from the program and never returned it.
In 1983, the Reagan administration voted to undo this change and once again remove Social Security from the federal budgeting process. This was done to ensure that changes made to the program are done solely on the merits of the program, and not to balance the federal budget.
3 Money Moves You Should Make When You're 10 Years From Retirement | Nasdaq
As you're reaching the home stretch of your career and getting closer and closer to retirement, it may be tempting to slow down and relax as you coast into your senior years.
However, this is one of the most crucial stages of the retirement planning process, and how you choose to spend this time can potentially make or break your retirement. If you relax too much, you could end up not being as prepared as you expected by the time you retire, at which point there's little you can do to fix the problem and save more.
Easy ways to teach kids about money | Business | thenewsenterprise.com
It's common to avoid discussing money and bills in front of children. For many families, talking about money can become very stressful, very quickly. While financial stress is not something to pass down to the next generation, there are some simple ways to teach children and teenagers about the importance of saving, paying bills on time, and other basics.
There also are free online tools that can help you polish your own money management skills or learn new ones. Just go to your local credit union or bank's website to see what financial education tools they offer.
Happening on Twitter
Let our 2020 mantra be: "I will be financially wiser." https://t.co/PRMHOXMxCR rapplerdotcom (from Philippines) Sat Feb 15 00:47:00 +0000 2020
Divorce can wreak havoc on your finances. Here are 5 steps to stay ahead of post-divorce money mistakes.… https://t.co/FMB7kT8Lq9 CNBC (from Englewood Cliffs, NJ) Sun Feb 16 14:40:00 +0000 2020
Here are 5 money mistakes that can destroy a marriage. https://t.co/PE5dTUdxcZ CNBC (from Englewood Cliffs, NJ) Sun Feb 09 06:45:59 +0000 2020
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