Financial News from US News & World Report

  • How to Pick the Optimal Retirement Age US News - Sat, May 23, 2015 5:08 AM AEST

    The classic retirement age continues to resonate with working Americans. A recent Gallup survey found that workers expect to retire at an average age of 65, down slightly from 66 in 2014. Over a third (37 percent) of workers are planning to retire at age 66 or older, up from 14 percent in 1995, the Gallup poll of 652 working adults and 363 retirees found.

  • How Success Can Influence Frugal Habits US News - Fri, May 22, 2015 11:06 PM AEST

    Despite this newfound financial flexibility, however, practicing frugality isn't something I plan on giving up any time soon. In pondering these recent changes, I wondered how my frugality might continue to evolve as my career grows in the direction of success. In my search for answers, I turned to some of my career role models: The women who've come before me on the path to financial wellness and found success of their own.

  • The 10 Best Memorial Day Sales of 2015 US News - Fri, May 22, 2015 11:00 PM AEST
    The 10 Best Memorial Day Sales of 2015

    Memorial Day is a time for remembering, honoring, grilling and, yes, shopping. Here are 10 of the best Memorial Day sales of 2015. Historically, Memorial Day sales have been a prime time to cash in on appliance deals, and this year, Best Buy's discount event is continuing the tradition.

  • 3 Times It Makes Sense to File Early for Social Security US News - Fri, May 22, 2015 10:31 PM AEST
    3 Times It Makes Sense to File Early for Social Security

    For those who have paid into the system, Social Security promises to provide a reliable source of income during your senior years. While a person needs to wait until his or her full retirement age -- that would be 66 for those born between 1943 and 1954 -- to receive full benefits, the government allows those as young as 62 to file for Social Security. Cecilia Beach Brown, a certified financial planner in Annapolis, Maryland, points out that Social Security benefits can be reduced by as much as 7 to 8 percent for each year a person files early.

  • 8 DIY Projects to Add Curb Appeal for Under $50 US News - Fri, May 22, 2015 10:30 PM AEST

    Looking to sell your home ? Or maybe you just want to feel proud of the place as you swing in the driveway each evening? Either way, you can add some serious curb appeal without making a huge financial ...

  • Having Kids Later in Life? 5 Key Financial Considerations US News - Fri, May 22, 2015 1:12 AM AEST

    For instance, if your health isn't the greatest, and you're having kids in your 50s, you may worry that by the time you're choosing your kid's college, he or she will be choosing your nursing home. There are some solid benefits to becoming a parent later than when our parents and grandparents tended to become moms and dads. "I think as older parents, we're more mature and confident in our parenting, and as a result have been better parents to our boys," says Kathleen Lynch, an intellectual property attorney in Cary, North Carolina.

  • 5 Free Apps to Help You Get in Shape US News - Thu, May 21, 2015 11:29 PM AEST

    It has officially been 12 weeks since I had my baby, which means that it is time to think about getting back in shape. The gym has never been my favorite place but after nearly six months of sitting around ...

  • 8 Ways to Be a Productive Intern US News - Thu, May 21, 2015 11:26 PM AEST

    Learning and remembering the specific processes and protocols for your work is crucial, so don't glaze over when you're being trained on them, says Lauren Berger, author of "Welcome to the Real World: Finding Your Place, Perfecting Your Work, and Turning Your Job into Your Dream Career." Ask questions so you can do your work right the first time, which will save you time and effort -- and likely impress your supervisor. Note-taking is also a way to keep you focused, says Laura Stack, productivity expert and author of "What to Do When There's Too Much to Do" and "SuperCompetent: The Six Keys to Perform at Your Productive Best." When you're concentrating on a high-priority task, and you suddenly think of something else -- an assignment to do, idea to research, question to ask -- jot it down so you can return to it later.

  • How to Cut Your Moving Costs in Half US News - Thu, May 21, 2015 11:07 PM AEST

    Before you agree to insurance coverage on the moving truck, check with your own provider to see if you're protected. Put together a duffle bag or box of items you will need on your first night in your new home, which will save you money and stress caused by running out to buy things last minute, or digging endlessly in boxes.

  • 4 Ways to Get Financially Ready for Business School US News - Thu, May 21, 2015 11:00 PM AEST

    Behind every great degree is often a large bill, and with business school programs, it's no different. Many MBA programs cost students $40,000 a year or more for tuition, and students also have to come up with the money for housing, food and other expenses. Financial issues are the top reservation among prospective business school students, according to an April survey by the Graduate Management Admission Council.

  • How to Build a Substantive Network US News - Thu, May 21, 2015 10:30 PM AEST

    Seeing a person with many connections on LinkedIn could mean she is very well-connected. Having an exorbitant number of connections can make others question whether you really know that many people or are just trying to increase your numbers for show. A substantive connection is one where you have actually spoken to or met the person you're connected to online.

  • 10 Easy Ways to Cut Wedding Costs US News - Thu, May 21, 2015 10:15 PM AEST

    According to The Knot's Real Weddings Study of nearly 16,000 brides, the national average wedding cost was $31,213 in 2014. Be inventive when serving your guests. Despite her sizable guest list, Fishbain successfully provided an artisan dining experience without breaking the bank.

  • Why Millennials Are Shunning Traditional Financial Tools US News - Thu, May 21, 2015 1:03 AM AEST

    More than one-third of 18- to 29-year-olds have never had a credit card, according to a survey of 1,000 adults released last month by CreditCards.com. Thanks to the 2009 Card Act, which put strict limits on how credit cards are marketed and issued to young people, as well as the Great Recession, which seems to have made young adults more hesitant to take on debt, credit cards are no longer a wallet staple. "For college students, it's a whole lot harder to get a credit card than it used to be," says Matt Schulz, senior industry analyst for CreditCards.com and U.S. News Money blogger.

  • 10 Summer Savings Tips US News - Thu, May 21, 2015 12:53 AM AEST

    Visit the thrift store. The higher temperatures might leave you wishing for a new wardrobe, and you can have one -- just consider visiting the local thrift store before hitting up the department stores. Spring cleaning often leads to an influx of high-quality items at secondhand shops, which means you can pick up the still-nice (and discounted) items, suggests BeFrugal.com founder Jon Lal.

  • Veterans Need a Good Elevator Pitch, Too US News - Thu, May 21, 2015 12:44 AM AEST

    All job seekers, but especially military veterans and others who are switching functions or industries, need to develop, utilize and refine a concise, compelling and accurate elevator pitch. Whether in a job fair, informational interview or a casual social conversation, every human meeting is a chance for the job seeker to move one step closer to a job offer.

  • 4 Ways to Improve Your Finances in Retirement US News - Thu, May 21, 2015 12:22 AM AEST

    You must continue to make sound financial decisions in retirement to help your money last the rest of your life. Here are a few ways you can improve your finances in retirement. One strategy to do this is to withdraw 4 percent of your initial portfolio balance each year, and adjust that amount for inflation in retirement.

  • 7 Unique, Boutique ETFs US News - Thu, May 21, 2015 12:05 AM AEST

    But scanning and spanning the globe (and the market) for more exotic ETFs requires more moxie. "If you're going to beat the market over time, you have to do something fundamentally different," says Charles Sizemore, chief investment officer of Sizemore Capital in Dallas and manager of two portfolios on Covestor. Meanwhile, EY's 2014 Global ETF Survey shows that investors are game to find these ETFs.

  • How to Master the Art of Memorial Day Sales US News - Wed, May 20, 2015 11:13 PM AEST

    With every Memorial Day weekend comes a host of wonderful (and predictable) events. Three-day weekends are huge shopping events for retailers, and Memorial Day is no exception. Last year, according to the National Retail Federation, about one-third of Americans reported that it was unlikely they'd shop the sales during the weekend and another third said they could go either way.

  • 5 Smart Ways to Shop the Memorial Day Sales US News - Wed, May 20, 2015 11:10 PM AEST

    If Memorial Day weekend is your excuse for heading to the mall or shopping for summer must-haves online, you'll want to make sure you're securing the best price on that next purchase. Many clothing retailers and big-box stores are slashing prices over Memorial Day weekend to clear out inventory for the summer months, making this a great time to stock up on a few extra items for the season. Whether you're in the market for new clothes, electronics or just want to spend the holiday weekend bargain hunting, you'll find plenty of places to save big.

  • Why Hiding Things From Your Landlord Could Cost You US News - Wed, May 20, 2015 11:05 PM AEST

    Anyone who's ever rented knows the value of having a good relationship with your landlord or property manager. Not only because a good relationship may give you a little clemency if your rent payment is a day late, but also because a bad relationship could make your living situation stressful to the point of being unbearable. In fact, hiding things from your landlord or property manager can seriously cost you in several ways.

  • 3 Ways to Set Financial Goals You'll Actually Keep US News - Wed, May 20, 2015 11:02 PM AEST

    Are your financial goals similar to New Year's resolutions? Great ideas in theory, but ones you don't take action on? Maybe you set a goal to save 20 percent of every paycheck, become debt-free or pay ...

  • Learn How to Transfer Parent PLUS Loans to a Child US News - Wed, May 20, 2015 11:00 PM AEST

    You, the parent, are responsible for repaying the loan," says the Department of Education's student loan website. With this strategy, the child refinances the parent PLUS loan into a private student loan, transferring the debt into the student's name in the process. The PLUS loan goes away, repaid by the child's new private loan, with new terms and conditions.

  • 4 Ways to Grow a College Savings Account Quickly US News - Wed, May 20, 2015 10:30 PM AEST

    Among families that are actively saving for their children's college education, only 27 percent are using 529 plans and other similar accounts that can provide considerable tax advantages, according to a 2015 study from student lender Sallie Mae. Instead, nearly half of families saving for college are using general savings accounts. Along with missing out on tax benefits, parents who are socking away funds in traditional savings accounts may lose out on potential growth from investing in stocks, bonds and other assets through 529 plans.

  • Never Again: Time to Bring Wellness Strategies to Cancer Survivors US News - Wed, May 20, 2015 9:00 PM AEST

    Cancer was the likely cause. After undergoing a biopsy, the pathology supported the initial dread -- she had breast cancer and would face an uphill battle for survival. In fact, when she had surgery to remove the tumor in its entirety, it was found that she had two tumors (one on top of the other) that were classified as different primary cancers -- how incredibly unlucky for her.

  • How to Plan for Semi-Retirement US News - Wed, May 20, 2015 4:47 AM AEST

    After all, semi-retirement can describe a period of your life in which you're retired but are still working because you want to. The best type of semi-retirement is the planned kind, where you don't mind, or at least don't hate, working while many of your peers are lounging on a beach in Florida (or at least that's what they're telling you on Facebook). Kyle Exline, executive director of The Clare, a continuing care retirement community in Chicago, says from his perch, the retirees who plan poorly don't have anyone advising them, like a tax accountant or financial advisor, and then wind up with more monthly expenses than income.

  • Do These 4 Things Before Sending an Email US News - Wed, May 20, 2015 12:53 AM AEST

    No matter what your current position or role is, you most likely have to be a writer as well -- at least in emailing effectively . A 2012 McKinsey Global Institute study found that 28 percent of an average ...

  • 10 Great Retirement Spots for Golfers US News - Wed, May 20, 2015 12:33 AM AEST

    Retirement offers an opportunity to spend your days lining up the perfect putt and enjoying the fresh air and sunshine at a pristine golf course. Nicaragua is one of the world's most affordable places to retire well. It is a land of sunshine and crashing Pacific surf that also boasts the oldest city in the Americas, colonial Granada, which is home to one of the world's biggest and most established communities of expat retirees.

  • The Real Cost of Owning a Swimming Pool US News - Wed, May 20, 2015 12:31 AM AEST

    PK Data reports that the average cost of a residential in-ground swimming pool was $39,084 last year. Don't expect to recoup all of that money when you sell your house in the future, cautions Sabine H. Schoenberg, a home improvement expert and founder of SabinesHome.com. If you decide to move forward with a pool installation, Schoenberg suggests thinking carefully about the placement of the pool in your yard.

  • 4 Oversold Utilities Stocks US News - Tue, May 19, 2015 11:55 PM AEST

    According to the U.S. Department of Labor, the Producer Price Index declined 0.4 percent in April -- the fifth decrease in the past six months, and a decline of 1.3 percent over the past 12 months. One stock market sector closely tied to interest rates is utilities. With historically high dividend yields, utilities stocks compete with bonds and other interest-bearing securities for income-seeking investors.

  • U.S. News Releases Best Online Programs for Veterans Rankings US News - Tue, May 19, 2015 11:30 PM AEST

    For example, in 2013-2014, an average of 11.2 percent of the students in the 141 online bachelor's programs that reported the data to U.S. News in an annual survey were either veterans or members of the military. For veterans interested in earning a degree on their own schedule, U.S. News has released its third annual rankings of the Best Online Programs for Veterans. The rankings include online bachelor's programs as well as master's programs in business, engineering, nursing, education and computer information technology.

  • How to Cut Your Costs at the Pump US News - Tue, May 19, 2015 11:22 PM AEST

    If you have a summer road trip planned, then you might be paying close attention to fluctuating gas prices. While they are relatively low, averaging $2.71 per gallon compared to almost a dollar higher ...

  • 10 Medical Schools Where Students Pay a High Price US News - Tue, May 19, 2015 11:00 PM AEST

    The U.S. News Short List, separate from our overall rankings, is a regular series that magnifies individual data points in hopes of providing students and parents a way to find which undergraduate or graduate ...

  • The Right Way to Handle an Inheritance US News - Tue, May 19, 2015 11:00 PM AEST

    A new car, vacation or kitchen renovation may be in your future, but make sure you carefully assess your financial picture and retirement planning goals so you can maximize the inheritance for your long-term financial security. Don't react emotionally," says Ann Minnium, a certified financial planner and founder of Concierge Financial Planning LLC, based in Scotch Plains, New Jersey. Even if you are skilled at managing your money, experts say it's still important to take a breather and develop a financial plan.

  • 6 Tools You Need for Summer Grilling US News - Tue, May 19, 2015 9:40 PM AEST

    Many people -- including myself -- are going to be spending this weekend firing up the grill with family and friends and enjoying some delicious grilled food. The best way to clean your grill rack is to brush it thoroughly with a brass bristle grill brush. Another good strategy is to rub oil on the grill rack before you start cooking.

  • The Balancing Act of Being a Renter and Landlord US News - Tue, May 19, 2015 9:30 PM AEST

    Millennials are often painted in the news as the generation that refuses to invest in real estate. The 20- to 30-somethings are flocking to major cities based on employment opportunities and lifestyle choices, where they inevitably end up renters due to high housing prices and the average student loan debt. Ashlee Dozier, a 31-year-old independent consultant for Rodan & Fields, became a renting landlord when she moved from Austin, Texas, to Atlanta in 2010.