Financial News from US News & World Report

  • Blending Families and Your Finances US News - Sat, Aug 1, 2015 4:43 AM AEST

    Combining finances is often the easy part of blending a family. Just ask Harley Turner, an aspiring author, seasonal tax preparer and stay-at-home mom in Beloit, Wisconsin. She has been married over a year, and the most challenging part of being a blended family is still the family dynamics.

  • Hot or Not? The Prospects of 8 High-Profile Stocks US News - Sat, Aug 1, 2015 12:47 AM AEST

    As high profile as those market indexes will always remain among investors, the stock market as a whole is loaded with newsworthy companies that make headlines -- and, it is hoped, meet or beat Wall Street's expectations. "Southwest is set to take off nicely over the next 12 months," says G. Mathis Conner, portfolio manager and quantitative value investor at the Conner Management Group in Houston. You may not know Zebra by name, but you certainly know its stripes.

  • 9 Things to Do Immediately After Your Identity Is Stolen US News - Fri, Jul 31, 2015 11:25 PM AEST

    While Kyle Woodley was flying home from a conference in Florida, his credit card was busy buying things in North Carolina. "Someone had gotten the credit card number," says Woodley, adding he was grateful it wasn't his debit card number. Technically, a single compromised account is considered credit card fraud and not identity theft, but it can be difficult to distinguish between the two at the start.

  • How to Kill Time Without Blowing Your Budget US News - Fri, Jul 31, 2015 11:22 PM AEST

    Two weeks ago, I had a full-fledged computer meltdown. An appointment at the Genius Bar realized my worst freelancer fear: I'd have to part with my computer for the next three to seven days while the Mac Geniuses worked to repair it. With that small matter of business taken care of, I quickly came to realize that without my computer and the zillions of files I had foolishly failed to back up, there wasn't much I could accomplish.

  • The Best Back-to-School Sales of 2015 US News - Fri, Jul 31, 2015 11:00 PM AEST

    From office essentials to trendy clothes, we've handpicked the best school supply sales you should shop before the new school year begins. Amazon is a one-stop school supply shop. Plus, through September, Amazon will roll out a series of limited-time deals on back-to-school products.

  • 9 Factors That Can Torpedo Your Home's Selling Price US News - Fri, Jul 31, 2015 1:26 AM AEST

    In a really hot market, or in certain desirable areas, as Redfin Chief Economist Nela Richardson puts it, "any house standing upright can get a bid." But she also notes that Redfin's new Housing Demand Index shows that home sales are slowing. "What we've seen is that the market has changed dramatically in the last two months," Richardson says. "They're making more conservative decisions," Richardson says.

  • 5 Ways Medicare Has Changed in 50 Years US News - Fri, Jul 31, 2015 12:59 AM AEST

    It has been 50 years since President Lyndon Johnson signed a health insurance program for older Americans into law on July 30, 1965. Medicare continues to provide the majority of America's seniors with affordable health insurance, and many additional benefits have been added to the program. Here's how Medicare has changed over 50 years.

  • How to Waste Less Food and Money US News - Fri, Jul 31, 2015 12:55 AM AEST

    Summer can be an especially difficult time to avoid wasting food, as it's a season of abundant fresh vegetables and fruits, as well as generous CSA, or community supported agriculture, shares. You can do countless things with them later on: Turn them into a stock or soup, create delicious smoothies, bake a quick bread or muffins (and freeze again for later) or chop them up for cooking in an omelet or frittata.

  • Dating? 5 Financial Issues That Make You Look Unappealing US News - Fri, Jul 31, 2015 12:39 AM AEST

    When you're dating and looking for Mr. or Ms. Right, it can be a long, tough slog, and if things are going badly, it might be tempting to look in the mirror and wonder if you need a new hairstyle or wardrobe. For instance, according to a new Love & Money study by TD Bank, in which 1,339 people who were married, engaged and in a relationship were surveyed, many respondents reported arguing about money, especially the millennials.

  • 4 Mistakes Seniors Make When Remodeling US News - Fri, Jul 31, 2015 12:30 AM AEST

    Joe Heider, founder of Cirrus Wealth Management in Cleveland, says he sees some pre-retirees build monster-size houses or undertake expensive remodels just before leaving the workforce. If you plan on your current home being your last home, remodeling can be smart. Anticipating future needs is a vital part of remodeling a senior's home.

  • 8 Career Tips for Young Women Who Want to Be the Boss US News - Fri, Jul 31, 2015 12:14 AM AEST

    Despite high-profile executives like Sheryl Sandberg and General Motors CEO Mary Barra proving women can lead just as well as men, many young women are still being overlooked in the workplace. Kathryn Heath, one of the article's authors and managing partner at the consulting firm Flynn Heath Holt Leadership, says this insecurity could stem from a lack of female colleagues or bosses. Michele Gelfand, psychology professor at the University of Maryland, suggests the discomfort women feel when negotiating for higher salaries and promotions in their careers occurs because they are trained to be nonconfrontational.

  • What You Don't Know About Annuities US News - Fri, Jul 31, 2015 12:12 AM AEST

    Unlike mutual funds and/or exchange-traded funds, you are required to pay additional fees, such as mortality and expense charges as well as surrender charges -- not something suited for a long-term investor. In addition, the insurance companies selling the annuities often layer on annual fees, which can range from 1.3 percent to 3.5 percent.

  • How to Make Your Résumé a Diamond in the Rough US News - Fri, Jul 31, 2015 12:12 AM AEST

    What's a surefire way to have your résumé thrown aside within seconds of an employer reading it? Employers see this too often to make a positive impression. Almost everyone says these things in résumés, which is the whole problem.

  • Investing With Your Heart Can Pay Off in Your Wallet US News - Thu, Jul 30, 2015 11:20 PM AEST

    Until recently, investors figured they had to forfeit healthy returns to invest in socially responsible funds and companies. A cornucopia of new research indicates that socially responsible funds perform just as well as the market overall, and occasionally better. At the beginning of 2014, about $6.57 trillion was invested in U.S.-based assets deemed socially responsible, up 76 percent from 2012, according to the Forum for Sustainable and Responsible Investment, a group based in the District of Columbia.

  • 8 Money Tips I Wish I Knew Before I Went to College US News - Thu, Jul 30, 2015 10:45 PM AEST

    If you have the benefit of learning money lessons before you go to college, you will be ahead of the curve. Just listen to an episode of Dave Ramsey and you'll find people later in life who are struggling financially, in debt, wishing they had learned money lessons a lot earlier. You can learn simple money lessons early and avoid these common pitfalls.

  • 3 Big Differences Between 529 College Savings Plans, UTMA Accounts US News - Thu, Jul 30, 2015 1:00 AM AEST

    College is expensive. According to the College Board, the average cost for a year of college is $22,958 for out-of-state residents attending a public university, and the tuition jumps to $31,231 for private schools. For those reasons, 529 plans are one of the most popular vehicles for college savings, as they allow for tax-free growth and withdrawals, as long as the funds are used for approved educational expenses.

  • 5 Reasons Not to Retire Early US News - Thu, Jul 30, 2015 12:57 AM AEST

    Early retirement is a long-term goal that requires discipline and perseverance. If you focus only on the finances you might end up surprised when retirement isn't what you thought it would be. It's better to enter retirement with a list of things to do.

  • 5 Apps to Keep Your Cellphone Safe From Security Threats US News - Thu, Jul 30, 2015 12:09 AM AEST

    Given your personal information to an app you just downloaded? The same year, Bank of America reported the number of consumers logging on to the bank's mobile app surpassed the number accessing the online platform. "With the growth of mobile banking apps, people are doing more and more sensitive tasks on their mobile devices, and that is only going to increase as mobile devices just become more prolific," says Joe Osborne, senior editor of TechRadar, an online publication that reviews technology products.

  • 3 Ways Your Advisor's 'Pocket Robo-Advisor' Makes Your Life Better US News - Wed, Jul 29, 2015 11:47 PM AEST

    As firms automate as many backroom operations as they can, clients should reap a "face time dividend," say practice management consultants, that delivers on the most important promise advisors make -- insights tailored to your situation and goals. "In our last survey of advisors, we found that the ones that were really successful were those who were embracing technology," says Mitchell Caplan, CEO of Jefferson National, based in Louisville, Kentucky, and former CEO of ETrade. Theoretically, that lowers overhead costs, though consultants are quick to point out that the technology itself comes at a cost, thus canceling out some of the potential savings.

  • 6 Strategies That Save You More in the Store US News - Wed, Jul 29, 2015 11:29 PM AEST

    With retail headlines touting the power of mobile shopping and offering ways to compete with online retailers, you might think in-store shopping is on the decline. A larger 2014 study of more than 2,500 consumers conducted for A.T. Kearney, a global management consulting firm, found a whopping 90 percent of retail sales still happen in stores. Samuella Becker, founder of TigressPR, is a fan of this strategy and recently received a text message from her neighborhood grocery store offering $15 off her next $100 purchase.

  • 7 Red Flags of a Sketchy Résumé Writer US News - Wed, Jul 29, 2015 11:14 PM AEST

    A résumé writer can work with you to craft a handwritten document that databases will find and recruiters and hiring managers will love. Or the writer can take your résumé, throw in some extra words and a new format and then take your money. Like career coaches, there are solid résumé writing services out there -- but there are many more that will waste your time and money.

  • 7 Tips for Finding an Apartment in Washington, D.C. US News - Wed, Jul 29, 2015 11:10 PM AEST

    The District of Columbia is part of one of the biggest metropolitan areas in the country, and you know what that means: Finding an apartment there is no walk in the National Mall. If you're getting ready to move to D.C., or if you're just hoping to find a new place to live in the city you already call home, here are a few tips for your apartment search. Apartment hunting takes time in Washington.

  • New Mortgage Rules to Ease Closing Process and Protect Borrowers US News - Wed, Jul 29, 2015 1:59 AM AEST

    Lots of horror stories emerged from the foreclosure crisis: People didn't understand the terms of their loans, borrowers said they were blindsided by changes in fees and rates at the closing table and homebuyers complained about the level of disclosure in the mortgage process. Since its inception in 2011, the Consumer Financial Protection Bureau has been working to make the loan process more transparent. Among the changes coming this year is the implementation of what is called the TILA-RESPA Integrated Disclosure rule, which changes the disclosure rules for mortgages.

  • How Helicopter Parenting Can Hurt Your Child's Finances US News - Wed, Jul 29, 2015 1:03 AM AEST

    By now, everyone probably knows that helicopter parenting, in which you hover and swoop in to rescue your child, is a style of parenting that perhaps never should have lifted off. For instance, a Brigham Young University study published last month in the journal Emerging Adulthood, which examined data from 438 undergraduate students at four universities nationwide, suggests that helicopter parenting demoralizes kids. Todd Deutsch, a psychotherapist in Los Angeles, agrees with the study's conclusions.

  • The Best Place to Retire Overseas as a Single Woman US News - Wed, Jul 29, 2015 12:59 AM AEST

    It's more of a challenge to move abroad on your own, and it can be even more intimidating for single women than it is for single men. Some retirement destinations are far more suitable for single women moving abroad than others. One place that could be a good fit for many women is Álamos, Mexico.

  • 4 Job Search Excuses That Just Don't Cut It US News - Wed, Jul 29, 2015 12:51 AM AEST

    If you're looking for a job and feeling like it's taking a while, you may be right. That's because a job search won't happen overnight. While a new job won't simply land in your lap a week (or even a month) ...

  • Costs to Consider Before Downsizing US News - Wed, Jul 29, 2015 12:01 AM AEST

    Interestingly, though, many baby boomers have no intentions of downsizing. Nearly two-thirds of boomers surveyed in 2013 by The Demand Institute -- a nonprofit owned by Nielsen -- plan to "age in place" rather than move, and of those who do plan to move, nearly half said they plan to increase the size of their home or pay more for a comparably sized home. Many people assume that downsizing housing saves money.

  • Debunk 6 Myths About the Cost of Online Education US News - Wed, Jul 29, 2015 12:00 AM AEST

    When it comes to choosing an online degree, a program's price tag tends to be the most important factor for prospective students. While choosing an online degree can indeed be a wise move for a student's budget, buyers should beware that the cost of a virtual program isn't always what it seems. Below are several myths about the cost of online education.

  • 9 Essential 'Bang for Your Buck' Kitchen Items US News - Tue, Jul 28, 2015 11:05 PM AEST

    In fact, you really only need two knives -- a chef's knife and the next item on this list. Victorinox makes wonderful "bang for the buck" knives that hold up to a ton of kitchen use that scarcely dulls the blade. Unfortunately, the larger chef's knife isn't really designed for small tasks like coring vegetables, and that's where this paring knife steps up.

  • How to Invest in Telecom Stocks After the AT&T/DirecTV Merger US News - Tue, Jul 28, 2015 11:00 PM AEST

    The idea is that investors should buy stock in companies they know and understand. Bargain-hunting investors looking for value and income can consider the telecommunications sector, bullish analysts say.

  • How to Tackle 3 Common Interview Questions US News - Tue, Jul 28, 2015 11:00 PM AEST

    Do you remember being in college and trying to prepare for the final exam questions beforehand? To do so effectively, you needed to decide which things, of all that your professor talked about over the ...

  • 10 MBA Programs Where Graduates Leave With the Most Debt US News - Tue, Jul 28, 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 ...

  • How to Handle a Parent Abusing Your Finances US News - Tue, Jul 28, 2015 10:50 PM AEST

    Unfortunately, unfettered access to another person's life can lead to a unique type of abuse that's rarely discussed: financial abuse. A parent knows all the details needed to open a credit card, take out a loan and even get a mortgage in a child's name -- all without the child being aware his or her financial life has been ransacked. Parents know all of a child's personal information needed for many financial products: name, address, Social Security number and birth date.

  • 6 Roads to Relocating in Retirement US News - Tue, Jul 28, 2015 1:32 AM AEST

    When many of us dream of retirement, we envision living in a picturesque cottage down by the sea, enjoying pristine beaches and tropical breezes. People spend half their lives trying to imagine their retirement lifestyle, and it often involves moving from their so-called boring suburban development to a more charming town, or to another state or even another country. The majority of retirees stay in their homes until they are no longer able to do so.

  • 5 Things to Immediately Stop Doing at Work US News - Tue, Jul 28, 2015 1:11 AM AEST

    While you can't always control whether your experience in the office is satisfying or stressful, you can take pains to avoid actions and behaviors that will most likely lead to conflict with colleagues or other problems in your work environment. A recent study conducted by Joseph Grenny and David Maxfield, co-authors of "Crucial Conversations," found that 56 percent of employees refrain from addressing troublesome issues at work for more than a year.