Ready for a statistic that reinforces something we all know? The cost of a college education has increase 8x faster than wages since 1989. In just the last 30 years, the average price of a 4-year college education has risen from roughly $53,000 in today’s dollars, to a whopping $104,000. That’s nearly double. During the… Read More
Retirement Spending Advice (as reported by J. D. Roth on www.getrichslowly.org)
How much money should you spend during retirement? That’s the question a lot of people have leading up to, and in the first couple years of retirement. The most important implication of retirement spending is whether or not it will last. The worst fear of most newly retired people is running out of money later… Read More
Student Loan Consolidation (as reported by Jeff Gitlen on www.lendedu.com)
Often, borrowers accrue multiple student loans from multiple sources. That is why we have such a thing as student loan consolidation. If you fall into this group, you may have already considered consolidating these loans into one new loan. But there are things you should consider before taking that next step. First, it is important… Read More
W!se Hosts Summer Night Strings Reception & Benefit Concert
NEW YORK, N.Y. – On Wednesday, June 27, Working in Support of Education (W!se) hosted Summer Night Strings—a Reception and Benefit Concert. The sold out event was held in the Katie Murphy Amphitheatre at New York’s Fashion Institute of Technology. Guests were treated to a special evening of music by Damien Escobar, one of the… Read More
What’s it Take to be Wealthy? (as reported by Suzanne Woolley on www.bloomberg.com)
According to a recent survey by Charles Schwab, it takes an average of $1.4 million to consider oneself financially comfortable in America. And to be considered wealthy? That takes $2.4 million. The survey was conducted this year, of Americans between age 21 and 75. And the results differ slightly (higher) than the same survey conducted… Read More
Women and Finance (as reported by Preeti Varathan on www.qz.com)
Do you feel like the financial industry caters more to men than to women? Over 70% of respondents in a recent survey of women thought so. And that could be part of the reason why so many of them did not feel like they had adequately prepared for retirement. In general, women in the US… Read More
What is a Money Market Account? (as reported by Amanda Dixon on www.bankrate.com)
Money market accounts are a type of savings accounts that allows you to write checks and use a debit card on a limited basis. They are not like checking accounts, which allow for an unlimited number of transactions, but they do offer interest (up to 2.01% per year). Amanda Dixon, writing for Bankrate.com, has put… Read More
Retirement Spending (as reported by J.D. Roth on www.getrichslowly.org)
Knowing how much to save for retirement is difficult. Knowing how much to spend during retirement might be even harder. There are two key reasons for that: You don’t know how long you are going to live You need to decide what the money is for If you knew exactly how long you would live,… Read More
How Much Should You Be Saving for Retirement? (as reported by Matt Becker on www.thesimpledollar.com)
Do you know how much you should be saving each month to finance your retirement? If you answered no, you are in the same position as the majority of Americans. Lucky for us, Matt Becker recently shared a downloadable spreadsheet on his website, The Simple Dollar. This spreadsheet allows you to input your current age,… Read More
Student Loan Repayment Plans (as reported by Dan Kopf on www.qz.com)
It is a common piece of advice to students who graduate with student loans – that they should opt for a repayment plan that prioritizes paying back as much as they can as soon as they can. Unfortunately, this advice is often wrong. No two people are alike – nor are their careers and/or debts…. Read More