Posts by Lisa Scherzer
Lisa Scherzer at Yahoo Finance 19 days ago
Iconic images of the holiday season include: lit-up Christmas trees, Santas on the corner, blockbusters at the movie theater, and hellishly crowded stores.
For diligent consumers who like to plan out their shopping schedules to not only score big discounts but to also avoid the worst crowds, take note: The slowest shopping day of the season will likely be Tuesday, Nov. 29. That’s according to RetailNext , a shopping analytics firm, which also predicts Saturday, Dec. 17 will be the busiest shopping day of the season (which is typically the Saturday before Christmas Eve).
So if you want to shop in-store with minimal elbowing and lines, aim for the week after Thanksgiving. And if you’re highly committed to this crowd-avoidance strategy and have the luxury of a flexible schedule, shop after lunch: “the absolute slowest time for shopping will be those mid-afternoon hours following lunch hour,” said Lauren Bitar of RetailNext in the company’s statement.
Top 5 least busy shopping days:
Top 5 busiest shopping days:
Lisa Scherzer at Lisa Scherzer 27 days ago
President-elect Donald Trump’s election win hinged, to a large extent, on his economic promises. He had more to say on some issues (growing GDP by 4%, slashing federal regulations, Obamacare, trade) than others (Social Security benefits, student debt). Here’s a look at some of Trump’s policies and how they might affect everyday Americans’ pocketbooks.
In a speech in October in Ohio, Trump addressed the high costs of college, in perhaps the most elaborate comments he has made about higher education during the campaign. In it now President-elect Trump said “we will lower the cost of college and solve the student loan crisis.” Americans owe nearly $1.3 trillion in student loan debt — a figure he cited — spread out among about 44 million borrowers.
Trump also said he will take steps to get colleges to “cut the skyrocketing cost of tuition,” and wants to incentivize colleges — which he said are suffering from administration “bloat” — to reduce tuition.
Lisa Scherzer at Lisa Scherzer 5 mths ago
Mortgage rates have fallen even further and you can thank Brexit.
The 30-year fixed-rate mortgage followed Treasury yields lower, falling 7 basis points to 3.41% this week, according toFreddie Mac. Last week the fixed-rate averaged 3.48%, and a year ago it was at 4.04%. “Continuing fallout from the Brexit vote drove Treasury yields lower again this week,” said Sean Becketti, chief economist at Freddie Mac.
So if you’ve been considering a mortgage refinance, now’s the time. And you won’t be the only one – interest in refis is spiking,Google Trends shows. The last time there was this level of interest in refinancing searches was in July 2012.
A few factors have been contributing to keep US interest rates so low, including the surprise vote in the UK to leave the European Union, a change in what investors expect theFederal Reserve to do, and a strengthening US dollar.
Lisa Scherzer at Yahoo Finance 5 mths ago
Parents getting closer to retirement might be (pleasantly) surprised to learn their offspring expect to help them out. According to a new Fidelity Investments Family & Finance Study, most parents (93%) feel it’s wrong to become financially dependent on one's kids, but only 30% of adult children surveyed feel the same. So parents might not want to become a financial burden — despite the fact that their kids expect and are willing to step in and help.
See, parents, your children aren’t total ingrates: All those years supporting them might finally pay off.
The findings “point to the fact that adult children are looking at their parents and their parents’ need for help not as an obligation, but as an opportunity to help, to pay them back,” says Suzanne Schmitt, vice president for family engagement at Fidelity Investments. Parents are often under the impression that they must be entirely self-sufficient in retirement, and they make decisions based on that assumption — including where they are or aren’t able to travel and generally what kind of lifestyle they can afford.
“If they knew their kids might help out, it could radically improve their life,” she says.
Lisa Scherzer at Yahoo Finance 7 mths ago
Warren Buffett is universally admired for his wide-ranging wisdom. His sage insights on investing, as well as pithy quips on everything from leadership to marriage to Harley Davidson, have been quoted countless times.
Adding to the library of books mining the Berkshire Buddha’s wise investing principles is a new one that aims to draw parallels between Buffett’s philosophies and Jewish teachings.
In “ Values Investing : An Omaha Rabbi Learns Torah From Warren Buffett,” Rabbi Jonathan Gross, who served as a rabbi of the only Orthodox synagogue in Omaha from 2004 to 2014, says he became a student of Warren Buffett, but not in the financial sense. “I have read his teachings looking for deeper meaning and I have found lessons about morality, ethics, and character development that are consistent with the values of the Torah and Jewish tradition.”
Lisa Scherzer at Yahoo Finance 7 mths ago
At first blush, it sounds like your typical sports celebrity meet and greet. Avi Herman, 10, and his brother, Jonah, 7, were waiting patiently for Odell Beckham, Jr. to arrive. Before the New York Giants wide receiver came, there was a football clinic where a few NFL coaches gave throwing pointers to the some 100 kids gathered around. After about two hours, Beckham—he, of the now-iconic meme catch —finally showed up and was promptly mobbed, by both children and their parents alike. The NFL pro then spent the next two hours signing footballs and posing for photos with his fans. Both got signed footballs, baseball caps and jerseys.
But Avi and Jonah weren’t at an NFL pre-game or some sort of football camp. They, along with their parents, were guests at a Passover program last year at the St. Regis hotel at Monarch Beach in California. “It was the highlight of the kids’ program and they were very excited, especially about showing their friends at home,” says the boys’ father David Herman, 39.
Passover ‘of a lifetime’
Then there’s the food
Lisa Scherzer at Yahoo Finance 8 mths ago
People just aren't prepared. According to a study on retirement confidence by the Employee Benefit Research Institute published last week, less than half of those surveyed have tried to calculate how much money they'll need in retirement, and 39% simply guess rather than doing a systematic analysis. And it gets worse. Last month the New York Federal Reserve released a report that found that people over 50 are carrying more debt than they had in the past. It found that the debt held by younger borrowers dropped slightly from 2003 to 2015, whereas debt held by people between ages 50 and 80 spiked by 60% over the same period.
What types of borrowing play the largest role in the observed surge in debt at older ages?
When it comes to the millennials’ relationship with money and investing, we have no shortage of stories. Their saving and investing habits as explained by myriad studies and surveys are a bit of a mixed bag:
Their fear of the market is holding them back. About a quarter of 20-somethings are investing in low-risk, low-return investments, which are likely too conservative given their long time horizon, according to a 2015 report by Transamerica. On the positive side, 67% of this group are already saving for retirement, compared with 76% of respondents in their 30s and 40s. This was confirmed by another survey Goldman Sachs published in June, in which just 18% of millennials said they trust the stock market as “the best way to save for the future,” while 45% said they’re skeptical and would only be in low-risk investments.
You did it! After months of applying for jobs and nerve-wracking interviews, you landed your first job! Now comes the hard part – your first day.
As it approaches, the first-day jitters take over. It’s understandable. You don’t know exactly what to expect or what’s expected of you. You want to make a good impression. You want to bring your A game.
Know that you’re not alone – and you will likely have to navigate a handful of first-day landmines throughout your career. The average 50-something person has held 11.7 jobs from age 18 to 48, according to the U.S. Bureau of Labor Statistics, and nearly half of these jobs were held from ages 18 to 24.
So you’ve got your first-day outfit laid out the night before (and it better be the right one because you agonized over that perfect dress/pants/shirt/tie for the last 72 hours). You go to bed extra early to make sure you’re well rested. You set your alarm and check three times that it’s AM, not PM. You’ve got your commute all mapped out. You. Are. Ready.
But more importantly, when’s quitting time?
Everyone has bad habits. Maybe you interrupt people when they talk, let your dirty gym clothes pile up on the floor, or misuse the word “literally.” We asked readers to tell us what their worst money habits are, the one they wish they could kick but just can't seem to follow through on. More than 300 of you fessed up to things like paying off credit card bills late, carrying a credit card balance month to month, buying clothes you don’t need, not being able to quit smoking despite rising cigarette costs, and a lot of spending too much on food. A robust industry of websites , apps, and services exists to help people keep to their budgets . And we’re all familiar with the time-worn advice dispensed to big food spenders: keep a list and stick to it, don’t go food shopping when you’re hungry, look for coupons, buy food that’s in season, etc. So if we know what we’re overspending on and we know how to stop doing that, what’s the problem? Is it simply a lack willpower? People tend to overestimate how much willpower they have, says George Loewenstein, professor of economics and psychology at Carnegie Mellon University. One reason we do that is because we...