Money 911: Student Loans & Mortgages
On Today’s Money 911 we talked about how to juggle paying for school, while saving for retirement. Plus, what to do when paying for a mortgage is part of your divorce decree. Check out the clip below to learn more.
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Money 911: Planning for the Future
On Today’s Money 911 we talked about what to do when you come into a windfall and how to handle your pension. To learn more watch the video clip below.
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Money 911: Avoiding Work From Home Scams to Checking Your Children’s Credit Scores
On Today’s Money 911 we discussed whether it’s better to buy a new car or a used car, and how moms who are re-entering the workforce can avoid work from home scams. Check out the video clip below to learn more.
Visit msnbc.com for breaking news, world news, and news about the economy
Money 911: Loans and Credit Scores
On Today’s Money 911, we gave tips on how to clear up your credit score, refinance an auto loan and borrow against your retirement account to get you through tough times. To learn more watch the clip below.
Today’s Money: Getting Ready to Retire? Eliminate These Costs
This morning on Today I spoke with Al Roker about the seven costs you should eliminate before you retire. To learn more watch the video clip below.
Today’s Money: Adult Children – Talk to Your Parents About Money
This morning on Today I spoke with Ann Curry about the importance of discussing finances with your parents. To learn more watch the video clip below.
Money 911: Living on a Budget to Unemployment
On Today’s Money 911 we discussed how to budget when living paycheck to paycheck, and what resources are out there if you are unemployed and about to lose your benefits.
Watch the clip below to learn more.
Money 911: Student Loans & Savings Plans
On Today’s Money 911 we discussed the HARP program, 529 plans & financial aid eligibility and how to roll over a 401k plan when moving between jobs. Have a listen to the video below to learn more.
Money 911
Is your spouse hiding massive debt? That sad story and more in today’s Money 911.
When Big Brother Works
Today I woke up to headlines in the New York Times that New York Mayor Michael Bloomberg wants to ban using food stamps to buy soda. (This, after his original plan to tax soda sales went off the rails.) Particularly in an era of nearly 10 percent unemployment, this seems like too elitist to me.
But I actually liked the earlier plan. The idea of nudging people toward behaviors that are good for them sits well with me – more so now that I’m seeing a trail of evidence that it’s working in the retirement space. A new study released today from the Employee Benefits Research Institute finds that automatic features – like auto enrollment followed by auto escalation of contributions until you max out – in 401(k) plans increases the chances of being able to replace 80 percent of your pre-retirement income in retirement by 30 percentage points for both low and higher income workers. Under this system, nearly 80 percent of low income workers will be able to replace that much of their income, and nearly 65 percent of higher earning workers.
And while Mayor Bloomberg needs to go through an approval process to make this happen for the city, employers can pretty much just flip a switch and make it happen for their workers. If you’re one of them, call the company that administers your 401(k). Today.