July 9, 2009 |
Millions of Americans aren't saving enough for retirement, but African American and Latino investors, on average, are further behind than whites and are more likely to be a greater burden to their families because they save too little and invest too conservatively, new research has found. "It's extraordinarily disconcerting," said Mellody Hobson, president of Ariel Investments, which along with benefits firm Hewitt Associates conducted a study of 401(k) participants.
March 7, 2010 |
There are dozens of ways to make your housing investment pay off faster and at a greater return. In some cases, a small extra outlay may be required, sometimes every month, but the added expense is often pocket change when compared to the available savings. If you double up on the principal portion of your house payment every month, for example, you can cut 15 years off your 30-year mortgage and save half the interest you would otherwise have paid. Your mortgage is typically your largest monthly expense.
January 19, 2014 |
Dear Liz: I often hear financial planners say you should save 10% of your income, but they don't go into exactly what that means. Is that 10% separate from retirement or including retirement? Does that include saving for your emergency fund? Is this just archaic advice now? I'm 46 with only $40,000 saved for retirement so I'm in the panic mode that I will never be able to save enough for retirement. Answer: Saving 10% for retirement is often considered a minimum for those who start saving in their 20s. The older you are when you begin, the more you'd need to save to match the nest egg you would have accumulated with an earlier start.
April 5, 2012 |
Spring might be a good time to visit Hotel Victor in Miami's South Beach. The oceanfront Art Deco hotel that opened in 1936 and was refurbished in 2004 has a special that saves on room rates and offers a few extras too. The deal: The Spring Package at Hotel Victor, now operated by Thompson Hotels, comes with discounted room prices, two cocktails, a 15% discount on spa services and free Wi-Fi. Use the code "SPRING" when making a reservation. When: The deal is good for stays through June 30, subject to availability.
January 12, 2014 |
A social travel site that rewards followers of popular itineraries with savings. Name: CarryOn.com What it does: Features deals with escalating savings, meaning that the more people who follow a trip, the more savings CarryOn delivers. Members (free to join) choose between following an existing deal or creating their own. As more people follow the same deal, the price starts to drop. The site claims members can save up to 40%. What's hot: The site is attractive, and the deals are inviting, with large photos.
February 8, 2012 |
Winter always gets me thinking about going to theme parks in Southern California, even if I don't have visitors underfoot. The prospect of cooler temperatures and lighter crowds in February and March sends me looking for discounts on the high cost of tickets. I found that the Southern California CityPass -- with a flat rate for admission to Disneyland, Disney California Adventure, Universal Studios Hollywood and SeaWorld San Diego -- offers good savings, even when compared with incentives for SoCal residents.