• Personal Finance and Business

    Personal Finance and Business Archives

    Getting your finances ready for adoption

    May 20, 2016

    The decision to start a family is a joyful event. However, parents considering adoption should consider advance planning for a range of financial issues unique to the process and the child they hope to bring into their home. . According to the U.S. Department of Health and Human Services, the costs of adopting (https://www.childwelfare.gov) may… [Read More]

    Leasing v. buying your next car

    December 11, 2015

    According to Edmunds.com, more than 25 percent of new American cars are now financed by lease instead of loan, and most of the people making that choice are under age 35. It’s all about the lowest possible monthly payment. Yet for drivers young and old, leasing has grown substantially because it can also be done… [Read More]

    Peace of mind for moms in the middle

    October 2, 2015

    By Jean C. Setzfand A survey by Ameriprise Financial found that two thirds of Baby Boomers’ daughters help their parents with financial matters. Maybe you’ve experienced it yourself. Perhaps you’ve also experienced how awkward it can be to have the talk about money matters or caregiving wishes with your parents. Then there’s the other side… [Read More]

    Building a fraud-free family

    October 2, 2015

    A generation ago, most families didn’t think about financial fraud. Today, it can come in many forms – over the phone, through the mail and increasingly, online. It’s an equal opportunity crime that affects consumers of all ages. For the 15th straight year, the Federal Trade Commission tapped identity theft as the number one source… [Read More]

    Before co-signing a loan, know the risks

    October 3, 2014

    Shakespeare probably said it best: “Neither a borrower, nor a lender be, for loan oft loses both itself and friend.” Four hundred years later, people still wrestle with whether or not to help out a loved one by loaning them money or co-signing a loan. Perhaps you want to help your kid qualify for a… [Read More]

    “In Remembrance of Emmett Till” by Darryl Mace

    September 15, 2014

    What can you say about tragedy? When it’s imminent, you brace yourself and hope to come out unscathed. In its aftermath, you mourn and, eventually, you move on, healed… but not quite ever the same. Still, what, exactly, can you say about tragedy? Plenty, as you’ll see in the book “In Remembrance of Emmett Till” by Darryl Mace, and the strongest words come from influential places. Mamie Till-Mobley was born in Mississippi… [Read More]

    Black women are the only demographic not gaining jobs

    September 15, 2014

    African American women are the only demographic in the United States whose unemployment rate has not improved over the past year, according to a National Women’s Law Center analysis of the latest jobs data. The overall unemployment rate dropped from 7.2 percent to 6.1 percent between August 2013 and August 2014, and women’s unemployment rate dropped from 6.2 percent to 5.7 percent, the NWLC noted. During that same time, however, the unemployment… [Read More]

    Under 26? Should you stay on your parent’s health insurance?

    September 15, 2014

    In their quest to land a job, any job, many young adults will sacrifice what used to be called “fringe benefits” to gain a foot in the door. But many entry-level jobs either offer no healthcare benefits, or the employee’s cost share is prohibitive for someone barely making minimum wage. Add to the equation that most twenty-somethings are in good health and rarely visit the doctor and it’s… [Read More]

    Social Security to resume mailed benefit statements

    September 8, 2014

    Call it a paperless experiment that didn’t quite pan out. In 2011, a budget-strapped Social Security Administration (SSA) stopped mailing annual benefit statements to workers over 25 in order to save $70 million on annual printing and mailing costs. In return, the agency launched the “my Social Security” online tool that allows 24/7 access to… [Read More]

    Here’s credit 101 for your college freshman

    September 8, 2014

    To parents with a freshman entering college this fall: You’re probably expecting to shell out major bucks for tuition, room and board and a million other necessities over the next few years. But before you send your kid off, make sure you share one gift likely to steer him or her along the road to… [Read More]