A primer on risks and rewards of bonds
Baby boomers fully embraced the stock market by riding its ups and downs throughout their peak income years.But now that the oldest boomers are turning 65, their focus has turned toward ensuring a steady income from their investments. And they’re likely to find the answer is to put money in bonds rather than stocks, as recent market volatility shows.Consider that bonds have made stock ... READ MORE
Good financial advice is readily available
Regardless of how well educated you are, it’s unlikely that you can plan your family’s financial future without some professional advice. Much of what you need to do to manage, protect and pass on your wealth — things like investing, buying insurance and drawing up a will — can be done cheaply and in a straightforward manner. But you’ll be much better off if you seek... READ MORE
Big returns from fast food in slow market
Step into the McDonald’s in Port Chester, N.Y. on a Saturday, and there’s a good chance you’ll see Jon Burnham dining on the cheap with his wife. They’re McDonald’s regulars.“Where else can two people go and have a really nice lunch or dinner for $10?” Burnham asked.He knows how to spot a value, after more than five decades in the financial services ... READ MORE
Five big money mistakes retirees make
For retirees to maintain their desired lifestyle without a paycheck — possibly for decades — they need a solid financial plan. They also need to steer clear of serious mistakes that could compromise their future income. Here’s a look at some common pitfalls retirees encounter, and ways to step around them to avoid financial disaster. 1. Helping children too much Problem:... READ MORE
Before giving charity, do a little research
Every holiday season, consumers get pitched by numerous charities that hope the spirit of giving will pry open hearts and pocketbooks. The appeals often have a sense of urgency, especially this year, as many charities are struggling with increasing needs and declining donations because of the economic malaise.It’s hard to turn down charities at times. But for giving to be truly... READ MORE
Ways to keep holiday spending in check
1. Set a budget you can’t bust. Do it the old-fashioned way: Pull out a specified amount of cash to buy gifts. Once the green is gone, you’re done.If you’re not comfortable with carrying cash around, put the money on a prepaid credit card with a low (or no) fee. The American Express Prepaid card (www.americanexpress.com/prepaid) charges no purchase, activation or... READ MORE
Investing overseas for dividends, income
Despite the turmoil in stock markets around the world, this is a great time to home in on solid dividend-paying and growth stocks of foreign companies. Though it requires some extra research and may take you beyond your comfort zone, you’ll find hundreds of foreign stocks that trade in the U.S. as American depositary receipts (ADRs).The payoffs of high dividends and an expanding... READ MORE
How to qualify for elder care tax breaks
Q: My mother, who’s in the early stages of dementia, has moved in with me. She will attend an adult day care program while I’m at work. Can I deduct any of the expense of her care?A: You may be able to claim a dependent-care tax credit or set aside pretax dollars in a flexible spending account to pay for her care, as long as the expenses are necessary so that you (and your... READ MORE
Utilities funds deliver in declining market
But will they continue to grow in 2012?There’s plenty to like about utilities companies. Investors looking for stability will find their stock returns aren’t as choppy as the broader market, and they’re a source of reliable dividend income.Those traits are an outgrowth of the typically stable demand for electricity and natural gas. Homeowners and businesses keep the lights ... READ MORE
Scams target used car shoppers online
It’s another case of “if it sounds too good to be true, it probably is.”The FBI is warning online auto shoppers to watch out for deals that offer cars at very low prices, then direct unwitting buyers to phony websites designed to separate victims from their money. The agency says more than $44.5 million was stolen through such scams from 2008 to 2010.The agency said there... READ MORE
