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Copyright: Copyright 2017 Forbes LLC
 






Spain's Star Value Manager Francisco Garcia Parames Launches Own Fund

Wed, 18 Jan 2017 18:04:00 -0500

Loyal followers of star fund manager Francisco Garcia Parames had to wait until the end of the two-year non-compete agreement he signed with his former employer, Bestinver, to learn in September that he would take the unexpected step of opening his own fund, which is set for full operation in [...]


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3 Reasons Gen Z Might Make a Huge Financial Mistake

Wed, 18 Jan 2017 18:02:00 -0500

www.pexels.com Urooj is a first generation college student at Hunter College from Brooklyn New York. She’s studying to hopefully pursue a graduate degree in microbiology. She almost didn’t make it to her first semester, a trend known as Summer Melt, because she didn’t have any help navigating the complex process of [...]


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Retail Bulls Get Slaughtered

Wed, 18 Jan 2017 17:35:00 -0500

The disappointments of the bulls in the retail sector over the past year got another disappointment with weak sales during the holiday season.


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When Will You Be Ready To Call It Quits?

Wed, 18 Jan 2017 15:29:00 -0500

Finances aside, the decision on when to retire is a tricky one mentally.


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The Republicans' Healthcare Answer -- The Purple Health Plan

Wed, 18 Jan 2017 15:27:00 -0500

Republicans are stuck. They vowed to repeal Obamacare, yet have no replacement. The Purple Health Plan is the ideal reform. It gives everyone uniform basic coverage with multiple providers at a nationally affordable price. It fixes the core problem in health insurance and is highly progressive.


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CFPB Sues Student Loan Servicer Navient For Failing Borrowers 'At Every Stage'

Wed, 18 Jan 2017 14:58:00 -0500

The Consumer Financial Protection Bureau filed a lawsuit on Wednesday against Navient, the largest student loan servicer in the country, for cheating borrowers out of rights they have in repaying their student debt. Navient is rejecting these allegations.


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Spending Out Of Control? You Need A Self-Inflicted Tax

Wed, 18 Jan 2017 14:13:00 -0500

Tax yourself with this trick: For every $1 you spend on the weekend, put 50 cents into your savings Monday morning.


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Families Spend More To Care For Their Aging Parents Than To Raise Their Kids

Wed, 18 Jan 2017 11:53:00 -0500

Shutterstock It costs families more to care for a frail older adult than to raise a child for the first 17 years of her life. Yet, while the government routinely provides a broad range of assistance and free services for children, it offers only limited benefits for those needing long-term supports [...]


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Why We Moved Outside The City To Buy Our First Home

Wed, 18 Jan 2017 11:23:00 -0500

When it comes to buying a house, whether you’re looking at homes for sale in San Antonio, TX, or Sarasota, FL, there’s a saying about what’s most important, and first-time homebuyers repeat it like a mantra: It’s all about location, location, location. For example, the perfect home doesn’t create a [...]


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Building An Anti-Ageism Movement: The Time Is Now

Wed, 18 Jan 2017 11:17:00 -0500

Ashton Applewhite, the Next Avenue 2016 Influencer in Aging, discusses how ageism is one of the many ways in which we can unite in a difficult time.


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6 Ways To Use Facebook To Sell Your Home

Wed, 18 Jan 2017 11:15:00 -0500

When marketing whizzes Amber Watson-Tardiff and her husband, Joe, started flipping homes in 2005, it only made sense for them to use social media to get the word out about their listings. “I have an online legal marketing company, Legal Marketing Maven, and I run Facebook ads for my attorney [...]


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The Art And Science Of Rewards Credit Card Churning

Wed, 18 Jan 2017 11:07:00 -0500

The Sapphire Reserve bonus was cut down immensely last week, prompting many people to desperately sign-up last minute to still earn 100,000 points. We examine the strategy of opening up credit cards for the purpose of earning a bonus.


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Yes, You Can Have A Social Life While Sticking To Your New Budgeting Goals

Wed, 18 Jan 2017 11:00:00 -0500

You can have a full social life and also reach your financial goals. You just need to have the money talk with your friends first.


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Sotomayor Rips Into Bad-Debt Industry, Other Justices Cautious About Enforcement

Wed, 18 Jan 2017 10:27:00 -0500

Justice Sonia Sotomayor attacks an industry based on presenting old claims to bankruptcy court in hopes of getting paid.


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Confessions Of A Midlife Couch Surfer

Wed, 18 Jan 2017 10:15:00 -0500

How a series of losses in midlife taught me to live happily with less, reconnect with friends and see new cities.


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9 Keys To A Happy RetirementA Planned Retirement Is A Happy Retirement1. Figure Out In Advance What You Want Out of Retirement2. If You Have a Spouse or Partner, Talk About Your Plans Together.3. Come Up With a Retirement Income Plan4. Choose When to Retire and Then Follow Through5. Stay Engaged and Healthy If You Can6. Get a Part-Time Job In Retirement7. Learn New Things or Pursue Your Passions8. Keep a Schedule, But Not Like Your Pre-Retirement One9. See your children and grandchildren if you have any.

Wed, 18 Jan 2017 10:15:00 -0500

While there’s no guarantee your retirement will be a happy one, Next Avenuehas found that academic research and noteworthy books about retirement, likeThe Retirement MazeandHow to Retire Happy, suggest the following nine factors will boost your chances.

Determine, as best as you can, how you’ll spend yourdays, where you’ll spend them and what would make you fulfilled. One key decision iswhereyou will retire and how much traveling you’ll want to do. Asurveyof 389 expats by the Best Places in the World to Retire website found that 81% were happier in their new country than where they lived before.

Neal Frankle, a noted financial planner, recentlywrote on Next Avenuethat he finds it helpful for couples to discuss their retirement dreams and write them down. Then, he says, they should mark each as a “must have,” a “want” or a “wish” and be ready to compromise.

Figure out how much your 401(k) and other accounts will translate intomonthly income; how much you’ll get fromSocial Securityand any pension; how much you can afford towithdraw each yearand which accounts you’ll tap first forwithdrawals
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Ask Larry: ​​​​​​Can My Wife Get Spousal Benefits After Filing For Her Own Benefit?

Wed, 18 Jan 2017 09:30:00 -0500

Today’s column examines spousal benefits, obtaining records of benefit payments, the effects of incarceration on benefits, how disability benefits affect other benefits and sequencing benefits.


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Why Trump's 'Everybody' Health Plan Sounds Like Bernie's

Wed, 18 Jan 2017 09:19:00 -0500

Trump's "Insurance for Everybody" Looks Curiously Familiar. Here's what it could look like.


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High-End Life Insurance Agents Without An Estate Tax Become Wealth Managers

Wed, 18 Jan 2017 07:03:00 -0500

High-end life insurance agents will need to restructure their business models or adjust to significantly lower income if the federal estate tax is repealed.


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This Hedge Fund Made 37% Betting On Banks In 2016 And Remains Bullish After The Trump Rally

Wed, 18 Jan 2017 06:49:00 -0500

The bank stock rally has only just begun, say Martin Friedman and Andrew Jose, co-founders of a $700 million hedge fund called FJ Capital that returned 37% in 2016.


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America's Best And Worst Banks 2016America's Best And Worst Banks 2016America's Best Banks: #1 CVB Financial#2 PacWest Bancorp#3 Prosperity Bancshares#4 Glacier Bancorp#5 Hilltop Holdings#6 Signature Bank#7 First Republic Bank#8 Community Bank System#9 Bank of Hawaii#10 Western Alliance BancorpAmerica's Worst Banks: #91 Synovus Financial#92 Fulton Financial#93 Regions Financial#94 TCF Financial#95 Citizens Financial Group#96 People's United Financial#97 Hancock Holding#98 EverBank Financial#99 First Niagara Financial#100 First Horizon National

Wed, 18 Jan 2017 06:49:00 -0500

Forbes ranked the 100 largest publicly traded banks and thrifts on 10 measures of financial health: net interest margin; net charge-offs as a percentage of loans; nonperforming assets as net percentage of assets; two return figures (average assets and tangible common equity);reserves as a percentage of nonperforming loans; two capital ratios (Tier 1 and risk-based); one-year revenue growth and efficiency ratio. All of the data was provided by Charlottesville, Va., financial data firm SNL Financial. Forbes compiled the ranking of the best and worst banks based on an average of the individual ranks of each metric.

Headquarters: Ontario, Calif.

Assets: $7.6 billion

Price/Book value: 1.9

Efficiency ratio: 47%

Risk based capital ratio: 18.7%

Headquarters: Los Angeles, Calif.

Assets: $17 billion

Price/Book value: 1.2

Efficiency ratio: 40%

Risk based capital ratio: 16.3%

Headquarters: Houston, Tex.
Assets: $22 billion
Price/Book value: 0.9

Efficiency ratio: 40%

Risk based capital ratio: 14.1%

Headquarters: Kalispell, Mont.
Assets: $8.8 billion
Price/Book value: 1.8

Efficiency ratio: 55%

Risk based capital ratio: 17.9%

Headquarters: Dallas, Tex.

Assets: $12 billion

Price/Book value: 1.1

Efficiency ratio: 79%

Risk based capital ratio: 19.3%

Headquarters: New York, N.Y.
Assets: $32 billion
Price/Book value: 2.6

Efficiency ratio: 35%

Risk based capital ratio: 12.3%

Headquarters: San Francisco, Calif.
Assets: $55 billion
Price/Book value: 2.1

Efficiency ratio: 54%

Risk based capital ratio: 13.9%

Headquarters: Dewitt, N.Y.
Assets: $8 billion
Price/Book value: 1.5

Efficiency ratio: 60%

Risk based capital ratio: 19.4%

Headquarters: Honolulu, Hawaii
Assets: $15 billion
Price/Book value: 2.4

Efficiency ratio: 60%

Risk based capital ratio: 15.4%


Headquarters: Phoenix, Ariz.
Assets: $14 billion
Price/Book value: 2.4

Efficiency ratio: 48%

Risk based capital ratio: 12.1%

Headquarters: Columbus, Ga.
Assets: $28 billion
Price/Book value: 1.4

Efficiency ratio: 65%

Risk based capital ratio: 12%

Headquarters: Lancaster, Pa.
Assets: $18 billion
Price/Book value: 1.1
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Estate Planning For The Ultra-Wealthy When Living To 120 Or Beyond

Wed, 18 Jan 2017 06:49:00 -0500

With respect to estate planning for the wealthy, the potential to live much long is becoming a potential “mine field” for the families as well as their wealth managers and tax experts.



Is The Number Of Women Leaving The Labor Force Really A Problem?

Wed, 18 Jan 2017 05:30:00 -0500

Figures show a drop in the labor force participation by women. There are some potential explanations, but the wider question of participation by men and women of all ages could become a problem.


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Hewlett Packard Enterprise Pays $650 Million In Cash For SimpliVity

Tue, 17 Jan 2017 18:46:00 -0500

SimpliVity's Doron Kempel had hoped to take his company public but a weak IPO market and a challenging path to profitability led to a $650 million cash deal below its private market valuation when it last raised capital


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Why 2017 Is A Great Time To Start A Second Act

Tue, 17 Jan 2017 15:56:00 -0500

Here's what's making this a good year to start a second act and how to do it.


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The 25 Best-Paying Jobs For Women Right NowThe 25 Best-Paying Jobs For Women Right NowNo. 1 Chief ExecutiveNo. 2 PharmacistNo. 3 LawyerNo. 4 Computer and Information Systems ManagerNo. 5 Nurse PractitionerNo. 6 Engineer, All OtherNo. 7 Software Developer, Applications and Systems SoftwareNo. 8 Management AnalystNo. 9 Operations Research AnalystNo. 10 Computer ProgrammerNo. 11 Human Resources ManagerNo. 12 Marketing and Sales ManagerNo. 13 Computer Systems AnalystNo. 14 Education AdministratorNo. 15 Market Analyst and Marketing SpecialistNo. 16 Producer and DirectorNo. 17 Purchasing ManagerNo. 18 Physical TherapistNo. 19 Manager, All OtherNo. 20 Occupational TherapistNo. 21 PsychologistNo. 22 Financial AnalystNo. 23 Physical Scientist, All OtherNo. 24 Medical and Health Services ManagerNo. 25 Speech-Language Pathologist

Tue, 17 Jan 2017 15:56:00 -0500

Data via the Bureau of Labor Statistics.

Median weekly earnings: $1,836
Approximate median annual earnings: $95,472
Women as percentage of the profession: 27.1%
Earnings as percentage of men's earnings: 81.6%

Median weekly earnings: $1,811
Approximate median annual earnings: $94,172
Women as percentage of the profession: 52.4%
Earnings as percentage of men's earnings: 85.5%

Median weekly earnings: $1,717
Approximate median annual earnings: $89,284
Women as percentage of the profession: 37.4%
Earnings as percentage of men's earnings: 89.7%

Median weekly earnings: $1,563
Approximate median annual earnings: $81,267
Women as percentage of the profession: 26.6%
Earnings as percentage of men's earnings: 86.0%

Median weekly earnings: $1,522
Approximate median annual earnings: $79,144
Women as percentage of the profession: 89.6%
Earnings as percentage of men's earnings: N/A*

*data for men's median weekly earnings unavailable

Median weekly earnings: $1,448
Approximate median annual earnings: $75,296
Women as percentage of the profession: 13.7%
Earnings as percentage of men's earnings: 94.2%

Median weekly earnings: $1,415
Approximate median annual earnings: $73,580
Women as percentage of the profession: 18.0%
Earnings as percentage of men's earnings: 80.8%

Median weekly earnings: $1,348
Approximate median annual earnings: $70,096
Women as percentage of the profession: 44.8%
Earnings as percentage of men's earnings: 88.7%

Median weekly earnings: $1,325
Approximate median annual earnings: $68,900
Women as percentage of the profession: 51.6%
Earnings as percentage of men's earnings: 84.2%

Median weekly earnings: $1,302
Approximate median annual earnings: $67,704
Women as percentage of the profession: 20.7%
Earnings as percentage of men's earnings: 86.7%

Median weekly earnings: $1,274
Approximate median annual earnings: $66,248
Women as percentage of the profession: 73.2%
Earnings as percentage of men's earnings: 85.2%

Median weekly earnings: $1,258
Approximate median annual earnings: $65,416
Women as percentage of the profession: 39.9%
Earnings as percentage of men's earnings: 78.5%

Median weekly earnings: $1,256
Approximate median annual earnings: $65,312
Women as percentage[...]


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Why Women Need To Do Things Their Way At Work

Tue, 17 Jan 2017 15:17:00 -0500

An interview with Sallie Krawcheck about the power of women at work and how they can succeed


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Top 5 Dividend Stocks For 2017

Tue, 17 Jan 2017 14:45:00 -0500

Eric Ervin, CEO of Reality Shares, shares top DIVCON stock picks for 2017. See what's under the hood in some of Reality Shares' strategies.


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