Saturday, August 31, 2013

Weekly Web Roundup

Financial articles from around the web.

From Money Talk News:
10 Ways to Say No to Your Kids, and Why You Shouldn’t Feel Bad When You Do

When I was growing up, my parents had two rules for shopping: Don’t ask for something that isn’t on sale, and no candy from the checkout aisle. If I wanted candy or full-priced cookies, I had to pay for it myself out of the measly pittance they called an “allowance.”
At the time it seemed unfair. Why do they keep saying no? How can anyone survive on $20 a week? But now I know not to waste money and I have no problem saving up for what I really want. Looking back, I’m grateful, but it couldn’t have been easy for them...

From Daily Finance:
3 Retirement Planning Tactics to Adopt Before You Hit 50

Well over half of Americans now in their 40s are at risk of experiencing a decline in their standard of living after they retire, according to the Center for Retirement Research at Boston College. But adopting the right retirement planning strategies at this phase of your life will help you avoid financial disaster in your golden years.
Here are three retirement strategies to deploy before blowing out your 50 birthday candles...

From Money Crashers:
8 Financial Tips for College Students to Save and Manage Money Better

If your child is one of the millions of college freshmen headed off to school, your August might be packed with shopping, gathering textbooks, and packing up entire rooms. And while picking out the perfect dorm decor might seem important, don’t neglect the deeper subjects. Now is the time to talk to your child about personal finance. As a parent, you have the opportunity and obligation to prep your freshman on budgeting and smart spending strategies before he or she hits campus... 

From Wise Bread:
3 Ways to Save Hundreds (or Even Thousands) of Dollars Without Thinking

Looking for simple ways to save more money that don't take a lot of work? Here are three ways to put more money in your pocket each month without having to dramatically change your behavior...

From Free Money Finance:
Why I Invest in Index Funds 

have a good portion of my assets in index funds of various kinds (US stocks, international stocks, small cap, etc.) Today I would like to give the reasons I have used index funds as my primary investment vehicle for 15 years or so... 

From Wall St. Cheat Sheet
Planning for Retirement? Social Security Will Cramp Your Style

There’s a lot to be said about the aggregate retirement situation in America right now. According to a report published last year by Iowa Senator Tom Harkin, Americans are running a collective retirement income deficit — the difference between what people have save and what they should have saved — of $6.6 trillion.

Half of Americans have less than $10,000 in savings, according to the report, and a full 92 percent believe that there is a growing retirement crisis. (Savings estimates tend to vary wildly.) By and large, the data supports the pessimistic theory that there is a retirement crisis brewing. The personal savings rate in the United States right now is about 4.5 percent, nearly half the rate recommended for those with 40 years left until retirement...

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