Last Build Date: Tue, 17 Jan 2017 22:25:00 GMTCopyright: Copyright 2017 The New York Times Company
Fri, 13 Jan 2017 10:32:38 GMTScandals aside, most of Wells Fargo’s products have been mediocre at best — but the bank could mend fences by being more generous, fair and clear.
Fri, 13 Jan 2017 17:01:51 GMTReclaim Detroit workers salvaging wood and other materials from a soon-to-be-demolished church for refashioning into new products. The organization faced a problem when it lost its warehouse to a fire.Nonprofits rarely lay out the risks of their projects, lest they spook funders. And donors don’t dig deeply enough for that information. But help is on the way.
Fri, 13 Jan 2017 17:04:03 GMTErika Lupo, whose husband, John, died of cancer last year at age 57, was better prepared than many widows. He did everything he could to prepare his estate and make sure his wife knew where his assets were.Preparing for the death of a spouse or partner and its ramifications may be an unhappy task, but doing so can ease some avoidable financial sorrows.
Fri, 13 Jan 2017 17:03:09 GMTThe Consumer Financial Protection Bureau says it gets more complaints about debt collectors than anything else.
Mon, 09 Jan 2017 16:19:46 GMTYou don’t get to take credit for good luck. But it doesn’t have to take away from all the hard work you’ve done, either.
Fri, 06 Jan 2017 11:00:16 GMTEven if you thought you’d had enough of card-hopping, you might consider grabbing one of those eye-popping sign-up bonuses.
Fri, 06 Jan 2017 10:00:52 GMTGinger Hamilton, 28, of Atlanta, with her husband, Cory. They decided to live on a single income and put the rest into savings.A snapshot of five millennials shows that some of them are very serious about saving for retirement, busting the myth that their age group is free-spending.
Fri, 06 Jan 2017 19:49:14 GMTNancy Pfund, a founder and managing partner of DBL Partners in San Francisco. “No longer is there a trade-off between what you believe in and what you can make money off of,” she said.With clean energy creating jobs in every state, the sector has become as much about getting returns on investments as it is about helping the environment.
Fri, 06 Jan 2017 15:24:00 GMTThe Consumer Financial Protection Bureau said two credit bureaus had deceived customers into buying scores of questionable value. Experts say consumers have multiple scores, not just one.
Thu, 05 Jan 2017 16:41:44 GMTA dump truck unloading ore into a crusher at Freeport McMoRan’s Grasberg copper and gold mining complex in Indonesia in 2015. The copper producer was a contrarian bet in 2016, but finished the year with its stock price more than doubled.Investors who made the correct — and often bold — calls of last year see opportunities in the uncharted waters of the year ahead.
Wed, 04 Jan 2017 14:48:01 GMTThis acknowledgment is also an invitation for readers to share the experiences that produced their hardest-won wisdom.
Fri, 30 Dec 2016 17:34:54 GMTAirlines will have to provide prompt, automated refunds of baggage fees if they don’t deliver luggage on time, new legislation says.Glimmers of hope emerged on some consumer irritants of the year, including airline and rental-car fees, and college tuition transparency.
Wed, 04 Jan 2017 04:03:58 GMTThe sign-up bonus, 100,000 points, will be cut for online applicants after Jan. 12, and for those applying at JPMorgan Chase branches after March 12.
Wed, 04 Jan 2017 11:00:05 GMTThe temptation for financial experts to offer stock tips is almost irresistible, but history shows why taking them is a bad idea.
Wed, 04 Jan 2017 17:55:37 GMTA new law will affect lower-income people who claim one of two refundable tax credits, and who may be caught off guard by their refunds’ delay.
Fri, 30 Dec 2016 13:30:03 GMTMs. Peevey was 10 when her recording of “I Want a Hippopotamus for Christmas” became a hit.A Postal Service ad has revived interest in a 1953 Christmas novelty hit by the former child star Gayla Peevey. (She did get the hippopotamus.)
Fri, 30 Dec 2016 13:36:00 GMTDonald J. Trump, then a presidential candidate, as seen from the floor of the New York Stock Exchange in March.Forecasts about how the market will perform are seldom useful, but there are some bedrock principles that can help investors plan.
Fri, 23 Dec 2016 15:29:28 GMTKelly High School in Brighton Park, in southwest Chicago. The United Way branch in the city has focused on increasing graduation rates in the neighborhood.An increasing number of donors are asking whether they need a charitable middleman when causes and data galore are at their fingertips.
Sun, 15 Jan 2017 02:33:27 GMTMartine Rothblatt, who founded Sirius Satellite Radio and a pharmaceuticals company, supports programs that introduce girls to technology and engineering, fields that include some of the country’s top earners.A study shows that women are making inroads among the wealthy, but that their ranks at the very top of the earnings ladder are still remarkably thin.
Fri, 23 Dec 2016 23:31:20 GMTJohn Sanderson, left, with his grandchildren Luke and Clinton and his son Bill during a visit to their family cemetery in Cartersville, Va.They give people a powerful reason to connect with their family history. The I.R.S. provides its own: Nonprofit cemetery rules require a detailed accounting of descendants.
Fri, 23 Dec 2016 20:21:42 GMTAl Villeta was 52 when he retired last year from his job as a UPS driver and porter. He was a little lonely but made friends with men 30 years his senior and got a dog.Early retirement and a life of leisure may sound like the stuff of daydreams, but the reality can be jarring for people used to being busy and important.
Fri, 23 Dec 2016 16:20:31 GMTThe post-sale plans are often difficult to use, experts say, and your credit card company may already extend the manufacturer’s warranty.
Tue, 20 Dec 2016 22:49:32 GMTSmall banks are not much better than big banks when it comes to fees charged customers who spend more than they have in their account, the study found.
Mon, 19 Dec 2016 18:36:45 GMTMake it a priority to be human again — to work hard and to rest hard without worrying that we’ll fail at life if we rest, a financial planner writes.
Fri, 16 Dec 2016 22:55:59 GMTConsensus forecasts are invariably bullish. They aren’t accurate, though. In fact, they are atrocious, by statistical measures.
Fri, 16 Dec 2016 18:14:29 GMTDonald Trump may actually have the political power to enact the single-payer approach, but Republicans are extremely unlikely to embrace it.
Fri, 16 Dec 2016 23:09:49 GMTWith a new C.E.O., a company that had remained steadfastly mum in the face of complaints now shows an openness to discussing them.
Fri, 16 Dec 2016 12:19:20 GMTCissie Bonini, who represented EatSF, a nonprofit that gives food vouchers to low-income residents, spoke at Brandeis School of San Francisco. Students there pool their money in what is essentially a mini-foundation.Here is a guide to help you teach young people about philanthropy and offer them the tools to give.
Mon, 12 Dec 2016 19:12:48 GMTWhat if you flip your goals? What if you decide to do work that makes you happy now instead of waiting to retire so you can be happy later?
Fri, 09 Dec 2016 17:08:45 GMT“Management is trying to steal the company from the equity holders,” said John Myrick, a Breitburn holder who works in television post production in Los Angeles. “We know there’s value there.”A case involving Breitburn Energy Partners could offer a lesson for individual investors who are being run over by the company.
Fri, 09 Dec 2016 23:08:15 GMTSince the Nov. 8 election, emerging market shares such as the Chinese internet giant Tencent have fallen, while a broad range of shares in the American market have gained.Shares of several big banks have surged since election night, but some investors see bigger opportunity in the international markets.
Fri, 09 Dec 2016 16:17:11 GMTPassengers at Los Angeles International Airport waiting for Uber drivers, an alternative to cabs and rental cars.Lagging customer service and a host of inconveniences give travelers a long list of reasons to avoid car rental companies altogether.
Fri, 09 Dec 2016 13:40:47 GMTLinda Aikey, 62, of Burke, Va., was worried about the implications of long-term care and wanted a way to pay for it.New hybrid policies are less expensive than traditional long-term care insurance, but know your needs and ask some tough questions before deciding.
Wed, 07 Dec 2016 14:01:02 GMTKen Lin, chief executive of Credit Karma, which has been adding more financial features for customers, including free state and federal tax filings.Companies are vying to create automated financial assistants that employ artificial intelligence; one was directly inspired by science fiction.
Fri, 09 Dec 2016 17:08:54 GMTThe companies promoted the loans as essentially risk-free, federal regulators said. But borrowers can lose their homes through foreclosure if they fail to make necessary payments.
Wed, 07 Dec 2016 19:43:49 GMTSome employers still impose a New Year’s deadline for exhausting the balance of a flexible health spending account or forfeiting what’s left.
Mon, 05 Dec 2016 17:15:45 GMTKnowing there’s a return on investment that doesn’t fit neatly on a spreadsheet can help ease the stress.
Sat, 03 Dec 2016 20:17:03 GMTSocially responsible investing makes good business sense.
Fri, 02 Dec 2016 19:18:55 GMTFrom left, Dove Morgan Schmidt (Ms. Oklahoma), Sharon Peters (Ms. Michigan), Catherine Szerszen (Ms. Kentucky), Marguerite Rose (Ms. Rhode Island), and Linda Allbright (Ms. Washington) watch the performances backstage at the 2016 Ms. Senior America Pageant in Atlantic City.The Ms. Senior America pageant, and others like it, celebrate women of a certain age — “between 60 and death,” one contestant joked.
Sat, 03 Dec 2016 18:17:02 GMTA detention center in Eloy, Ariz. President-elect Donald J. Trump’s promise to deport millions of immigrants who are in the country illegally and his selection of the tough-on-crime senator Jeff Sessions of Alabama as attorney general could mean big money for the private prison industry.In the market rally after Donald J. Trump was elected president, two big beneficiaries were operators of prisons and immigration detention centers.
Sat, 03 Dec 2016 16:50:33 GMTA customer requested a refund from FlipKey, an online rental service owned by TripAdvisor, after arriving at a filthy lakeside vacation rental.
Fri, 02 Dec 2016 16:19:59 GMTHouses in Norfolk, Va., on waterfront property. Some have raised foundations to ward off flood damage.It’s a smart idea to consider the long-term implications of owning a home in damage-prone areas.
Fri, 02 Dec 2016 17:11:10 GMTJason Wolff and Jennifer Ferro, president of KCRW, at the station’s studios in Santa Monica, Calif. Mr. Wolff donated a radio station to KCRW.Many gifts this time of year are checks written to causes, but some come as junked cars and even orphan radio stations.
Fri, 02 Dec 2016 16:42:57 GMTIn another sign of a recovering housing market, the government will increase the amount that can be borrowed before loans become “jumbo” mortgages.
Wed, 30 Nov 2016 21:29:45 GMTThis is the time of year that a student loan grace period typically ends for spring graduates — but flexible repayment plans can help ease the burden.
Thu, 24 Nov 2016 14:00:16 GMTWe can get an idea of what to us feels like enough money by getting a baseline on spending and quantity, then homing in on quality.
Mon, 28 Nov 2016 16:29:54 GMTTrying to keep up with the Joneses, when the Joneses’ real finances are unknown, is unwise, a financial planner reminds us.
Wed, 30 Nov 2016 02:24:34 GMTWilliam Riffer (standing) joined the Christopher Wren Association in Williamsburg, Va., one of 400 University communities have advantages like intellectual stimulation, cultural amenities and a healthy economic base without a high price tag.
Fri, 25 Nov 2016 18:24:27 GMTLorrie Meyercord in her home invested more than $1 million in a company that builds housing for artists who use their creative talent for social good.How individual investors are contributing funds to artists who are working on important social issues.
Fri, 18 Nov 2016 23:09:48 GMTTwo brokerage firms, Clayton, Lowell & Conger and Ridgeway & Conger, in New Woodstock, N.Y., are no longer in operation. The building is for sale.Many brokers with troubled pasts are still running amok without their customers’ knowing their histories or their employers’ seeming to care much.
Fri, 18 Nov 2016 18:24:17 GMTMutual insurance companies owned by policyholders paid claims at a higher rate, providing the best value to consumers, a study found.
Mon, 21 Nov 2016 16:41:41 GMTLike children, some adults seem convinced that they can pretend to be investors, but that can be dangerous.
Sat, 19 Nov 2016 17:30:20 GMTA nonprofit that disputes huge bills from a supplier of printer toner is whipsawed between two companies, one of which is not even supposed to exist.
Sat, 19 Nov 2016 17:04:06 GMTSince Donald J. Trump’s victory, stock futures, bonds and some stock sectors have reversed themselves, and investors can expect more uncertainty.
Fri, 18 Nov 2016 21:42:33 GMTIn a lawsuit, Marsha Wetzel is accusing the Glen St. Andrew housing center and its managers of failing to protect her from hostile residents who have insulted and verbally abused her.If successful, Marsha Wetzel’s lawsuit against a senior living community in Illinois could set a legal precedent establishing housing providers’ responsibilities.
Fri, 18 Nov 2016 19:40:48 GMTDuane and Nancy Squires at their home in Myrtle Beach, S.C. They set up a trusteed I.R.A. to manage how their I.R.A. savings would be distributed to their children after their deaths.A trusteed I.R.A. lets parents determine how, when and why their children receive the distributions from their retirement accounts.
Fri, 18 Nov 2016 11:05:22 GMTAfter pulling cash from their homes during the boom years, many older people are saddled with rising debt, making retirement more difficult.
Fri, 18 Nov 2016 13:20:45 GMTThere are ways to minimize the financial pain of trading in a car that is worth less than what you owe.
Wed, 16 Nov 2016 20:04:35 GMTJeff Platt, chief executive of Sky Zone, at a Sky Zone location in Orlando, Fla. Mr. Platt said it took some effort to educate insurers about his trampoline park business.An entrepreneur might want to save money by ignoring potential liabilities, patents, copyrights or taxes, but such issues can be business killers.
Fri, 18 Nov 2016 22:43:07 GMTRising share prices signify predictions of greater profits, but those profits could come at the expense of consumers if regulations are slashed.
Mon, 14 Nov 2016 16:25:29 GMTLike the outcome of the presidential election, investing can have unpredictable results because no one has any idea what the future holds.
Wed, 16 Nov 2016 16:51:49 GMTDespite what the ads say, the overwhelming majority of deals on the day after Thanksgiving are duds.
Thu, 17 Nov 2016 00:25:21 GMTThis year, for the first time, the Fafsa was made available on Oct. 1 — three months earlier than usual — for the next academic year.
Fri, 11 Nov 2016 15:19:27 GMTHalf of all Americans who work in the private sector lack access to an employer-based retirement plan and efforts to increase those numbers have not yet amounted to much.
Fri, 11 Nov 2016 22:33:25 GMTThis special section explores how political turmoil here and abroad is raising uncertainty in the global economy.
Fri, 11 Nov 2016 19:43:57 GMTAlmost a third of credit card borrowers make payments at or near the monthly minimum amount, a new study shows, increasing the interest they pay.
Fri, 11 Nov 2016 15:22:38 GMTOlder adults attend a sushi class at Mather’s-More Than a Cafe in Chicago.Senior centers have undergone profound changes in recent years to appeal to baby boomers who are living longer and expect more — much more.
Wed, 09 Nov 2016 19:27:46 GMTA new program offers some benefits to borrowers with private loans but also carries risks, experts caution.
Fri, 04 Nov 2016 15:22:51 GMTPlans known as 403(b)’s often have mediocre investment choices and high fees; here are some ways to do something about it.
Wed, 02 Nov 2016 16:01:36 GMTShort on time and money, small nonprofits often have little of either left for researching and adopting the best savings vehicles for their workers.
Fri, 28 Oct 2016 16:58:48 GMTSchoolteachers and other government and nonprofit workers are often at the mercy of confusing contracts tied to arcane investments, sold by representatives who may not understand them.
Wed, 26 Oct 2016 21:54:23 GMTA look inside the high-pressure job of selling workplace annuities to public schoolteachers.
Fri, 21 Oct 2016 21:22:09 GMTSchoolteachers and others who pursue careers of service in exchange for modest paychecks get lightly regulated retirement plans that often charge excessive fees.
Fri, 21 Oct 2016 21:41:20 GMTA 403(b) plan is similar to the more familiar 401(k), but it is subject to less stringent securities regulations.
Wed, 09 Nov 2016 13:48:06 GMTTraders on the floor of the New York Stock Exchange on Wednesday. American investors tend to have at least half of their stock investments in United States companies.If your goals haven’t changed, resist a knee-jerk reaction based on an election that didn’t go your way.
Mon, 07 Nov 2016 18:01:10 GMTBefore your next big purchase, use the preload method by setting up a savings account and automatically transferring the monthly payment to it.
Fri, 04 Nov 2016 14:35:05 GMTK. Sujata, president and chief executive of the Chicago Foundation for Women, oversaw a merger in 2012, when her nonprofit group took over the Eleanor Foundation.For foundations and public charities, a merger can achieve the same goals it does for businesses: growth, effectiveness and, sometimes, viability.
Wed, 02 Nov 2016 23:35:27 GMTExperts advise those covered by Medicare to check the changes in their prescription drug plans and consider changing plans before the Dec. 7 deadline.
Fri, 28 Oct 2016 16:36:56 GMTAt the Midland School in Los Olivos, Calif., meeting the basic needs like electricity, hot water and food are a big part of the students’ responsibilities.A prep school that prepares students for entry into competitive colleges, but also teaches them how to raise livestock, grow vegetables and chop wood.
Wed, 02 Nov 2016 17:55:30 GMTTo streamline the process, embrace the uncertainty of life and be open to possibilities.
Wed, 02 Nov 2016 16:24:08 GMTEliam Medina, left, and Rob Dyson, co-founders of Willing, a service that walks people through the completion of estate planning documents.A crop of tech start-ups is looking to capture a slice of the funeral sector and end-of-life care. Many of them are founded by millennials, who have grown up online.
Mon, 31 Oct 2016 21:28:59 GMTA 2016 Nissan Versa, left, collided with a 2015 Nissan Tsuru in a car-to-car crash test in Virginia last week.Because national laws vary, the make of car you drive at home might not have the same safety features in many other countries.
Mon, 31 Oct 2016 21:35:36 GMTSome tips on how to weed out the worst cars.
Fri, 28 Oct 2016 17:28:00 GMTThe HealthCare.gov home page.Many with health insurance through government marketplaces are eligible for financial help that can significantly lower those premiums.
Fri, 28 Oct 2016 17:13:52 GMTSuzanne Duncan led a team that started out researching incentives in investment decisions, but switched over to studying motivation.In finance, phi is a way for investors to quantify how their motivations, or the motivations of their money managers, will affect long-term returns.
Thu, 27 Oct 2016 17:00:44 GMTAllie Mangel sits in her Ford Edge, which she leased before learning she had to stop driving because she was losing her vision. She was unable to get out of the lease.An auto lease, a common alternative to buying a vehicle, is a three-party contract that can be hard to break.
Thu, 27 Oct 2016 17:00:18 GMTA driver looking to end a car lease early might turn to a broker, but using such a service comes with its own costs and restrictions.
Wed, 26 Oct 2016 16:23:19 GMTEdgar Blazona, founder of BenchMade Modern, one of several new furniture companies courting customers, increasingly millennials.Start-ups are trying to break off pieces of the furniture market by offering custom sizes and colors, or more affordable prices, and quicker turnaround.
Mon, 24 Oct 2016 17:04:23 GMTThe answer to this basic question is the key to ensuring you’re on the right path, a financial adviser writes.
Wed, 26 Oct 2016 19:58:56 GMTWorkers should look beyond the plan’s monthly premium to consider other costs that they might have to pay out of pocket.
Wed, 19 Oct 2016 15:08:14 GMTTop row, left: Masa Kenney, who served in the United States Army during Operation Desert Storm; right: Geoff Noer in the Faroe Islands. Middle row, left: Tim Holtan in Vietnam; right: Corey Flournoy, national president of Future Farmers of America. Bottom row, left: Josh Fine running a one-man college radio network in the 1992 presidential campaign; right: Toni Gorog in Brazil.Looking back, adults who took time off before or during college say they have no regrets.
Mon, 24 Oct 2016 17:31:46 GMTSimple answers to questions you’ve always had about money.
Sat, 22 Oct 2016 17:58:19 GMTWhen the travel insurance company Allianz denies a claim for a trip that was canceled for medical reasons, a traveler seeks help getting a reimbursement.
Fri, 21 Oct 2016 10:00:23 GMTBill McClain and his wife, Darla. He owned a Harley-Davidson shop in California for 22 years. But the economic downturn and increased state regulations, he said, pushed them to sell everything in 2010 and join the work-camping community.Work camping combines elements of the gig economy, telecommuting and contingent labor, and attracts older adults seeking more money and more meaning from life.
Fri, 21 Oct 2016 15:18:58 GMTEd Gjertsen II, chairman of the Financial Planning Association and vice president at Mack Investment Securities in Northfield, Ill.When brokers try to sell a product like a securities-backed loan, they aren’t being charitable. They are trying to make money.
Fri, 21 Oct 2016 15:10:15 GMTHigh prices are a natural reflection of great demand and scant supply. In a free market, they are inevitable until demand subsides or supply expands.
Thu, 20 Oct 2016 16:56:00 GMTKevin Pham at a Wells Fargo branch in Daly City, Calif. Mr. Pham said he saw fellow Wells Fargo employees targeting customers for sham accounts at the San Jose, Calif., branch where he used to work. “They would look for the weakest, the ones that would put up the least resistance,” he said.In legal filings and statements, former employees of the bank said immigrants, older adults, college students and Native Americans were targeted for fake accounts.
Thu, 20 Oct 2016 16:57:18 GMTFormer sales representatives at Wells Fargo described relentless pressure, being shamed and being fired.Former employees describe intimidation and ridicule tactics at the bank, which they said caused anxiety, panic attacks and other physical symptoms.
Fri, 07 Oct 2016 17:08:08 GMTIf the recent Wells Fargo scandal has left you disenchanted with giant banks and ready to switch to a smaller one or a credit union, here’s what you should know.
Tue, 18 Oct 2016 18:08:27 GMTThe lessons learned while pushing yourself outside your comfort zone can be invaluable, a financial planner writes.