Financial related news.
If you are saving for retirement, you probably know about the 401(k) and the Roth IRA too. But are you familiar with a Roth 401(k)? It’s a bit of a mashup — a Roth product available through your traditional 401(k). It allows people to save after-tax money through their workplace plan that can then be [...]
Ray Robertson’s debt-payoff journey involves two fateful conversations across the ocean from where he grew up. The first was a blind date with his future wife, Bailey. Ray had moved from Canterbury, England, to the Nashville, Tenn., area for a soccer scholarship at Martin Methodist College and met Bailey soon after graduating in 2012. The [...]
Some retirees may prefer to live their retirement years out at sea instead of at an assisted living facility, but the task to live their Golden Years on a cruise ship requires careful planning, according to several online publications. The cruise industry served more than 28.5 million passengers last year compared with 26.7 million in [...]
Due to the extreme weather that plagued Ohio farmers during planting season and record rainfall that has continued to hold up any last-ditch efforts, the state treasurer has extended a crucial financing assistance program filing deadline. Treasurer Robert Sprague this week announced he has reopened the application period for the Ag-LINK program, which applies a [...]
The Columbus metro area was among the larger regions with the lowest cost of living, according to recent federal data. The 10-county area is among the largest metropolitan areas that have the lowest regional price parity, or RPP, in 2017, according the U.S. Bureau of Economic Analysis. The RPP measures the differences in price levels [...]
The Franklin County Board of Commissioners unanimously approved a measure to increase the lowest wage paid to county employees to $15 per hour during a regular session earlier this week. The move, which is expected to cost taxpayers $1.3 million, is the board’s first step taken under the Rise Together poverty initiative announced on June [...]
WASHINGTON (AP) — As it enters its 11th year, America’s economic expansion is now the longest on record — a streak that has shrunk unemployment, swelled household wealth, revived the housing market and helped fuel an explosive rise in the stock market. Yet even after a full decade of uninterrupted economic growth, the richest Americans [...]
The most important thing you can say to a new hire may well be: “Have you signed up for the 401(k) yet?” An astounding 3 out of 10 workers don’t know whether their employers offer retirement plans, according to a survey by research firm Morning Consult for the Certified Financial Planner Board of Standards. “That [...]
It’s tough to decide when to start taking Social Security benefits and it appears many people are shorting themselves with their choice. A new study finds that only 4 percent of retirees start claiming their Social Security benefits at the most financially optimal time. And current retirees collectively will lose $3.4 trillion in potential income [...]
WASHINGTON (AP) — The economy grew at a healthy 3.1 percent rate in the first three months of this year, but signs are mounting that growth has slowed sharply in the current quarter amid slower global growth and a confidence-shaking trade battle between the United States and China. The gain in the gross domestic product, [...]