While the vast majority of financial advisors and investment managers have their clients’ best interests at the forefront, there are a few unscrupulous ones who take advantage of hard-working savers. The likes of Bernie Madoff, Allen Stanford, and Frank Gruttadauria have understandably caused investors to question how their money is protected.
Each month, the Bureau of Labor Statistics publishes the Employment Situation Summary report based on information from the prior month derived from a household survey and an establishment survey. Results from each survey provide information about the labor sector.
May 29th is National College Savings Day and an easy way to start a conversation with your child about college costs. A frank discussion can help both of you get on the same page, optimize the college search process, and avoid getting blindsided by large college bills.
Your personal credit score is a standard statistical number that determines your financial trustworthiness. It is used by banks, car dealers, retail businesses and others to determine the likelihood that they can rely on you to pay what is lent to you. Having a higher score can open opportunities for you as a young individual to make significant purchases.
Talking with aging parents about their finances, health, and overall well-being might be a task you would rather avoid, as it can create feelings of fear and loss on both sides. But this conversation — what could be the first of many — is too important to put off for long.