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Paying off debt, saving money and retirement planning:
How to prioritize your financial goals Determining the best way to ensure your financial security can seem overwhelming. For James and Michelle Bethe, deciding what to do with the $200,000 they had in savings had them at a standstill. As a teacher, Michelle, 36, has a...
Make these financial and career moves before you quit your job
You may want to ditch your commute permanently or leave a job that you hate. Yet before you quit, you’ll want to make sure your financial house is in order. Not only will it help you survive a period of unemployment, it will help you focus on finding your next role....
There’s a growing demand for psychology in financial planning.
How top firms use it in their practices KEY POINTS There’s a growing emphasis on psychology in financial planning as advisors explore ways to strengthen client relationships. Top firms on CNBC’s annual FA 100 list use behavioral finance to manage clients’ investing,...
Should you use extra cash to invest or pay off debt?
Here are some options KEY POINTS Whether it’s a bonus, tax refund, stimulus check or severance package, coming into money spurs the question of whether to pay off debt or invest with it. No matter what the source of the money is, you should give careful consideration...
The Great Resignation may lead companies to offer employees financial wellness benefits
Pekic | E+ | Getty Images American workers are financially stressed and employers are starting to listen. Whether it is a response to the Covid-19 pandemic, the threat of losing employees during the Great Resignation or something else that has long been brewing, there...
Beneficiaries to see jump in monthly checks
Social Security beneficiaries will soon see the biggest jump in monthly checks in 40 years. How to prepare VALERIE MACON | AFP | Getty Images People who collect Social Security are about to see bigger checks. The cost-of-living adjustment in 2022 will be 5.9%, the...
Did you blow your budget? Here’s how to get back on track
Geber86 | E+ | Getty Images It happens to the best of us — after setting a budget, somehow spending goes off the rails. “It’s so easy to do,” said certified financial planner Diahann Lassus, managing principal at Peapack Private Wealth Management, based in New...
How to Set Up a Power of Attorney
Estate planning attorneys weigh in on who to designate and what type of power of attorney you may need. The individual chosen as your power of attorney should be trustworthy, organized and calm under pressure.(GETTY IMAGES) When it comes to a power of attorney...
An ‘active wealth’ plan can maximize long-term financial success
Op-ed: An ‘active wealth’ plan can maximize long-term financial success KEY POINTS When economic conditions seem at their worst and investors around you are losing their heads, the best thing to do is keep yours. Active wealth means taking disciplined action across...
What is financial flexibility and why is it so important?
A healthy balance between planning for today and the future is more important than you might think. Thanagon Karaket / EyeEm | EyeEm | Getty Images Select’s editorial team works independently to review financial products and write articles we think our...