Sitting on sidelines shortchanges your retirement

A recent survey by Ally Bank found that 61 percent of Americans say that investing is scary, with millennials the most likely to report feeling intimidated. Millennials biggest fear: losing money on investments. Why so much angst? Millennials are the generation that came of age during the worst...

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Blue Sky Originals

Kiplinger

MORE FROM KIPLINGER
  • Make the most of your 401(k)

    Make the most of your 401(k)

    The amount of money in your 401(k) could mean the difference between taking an annual cruise in your retirement and having to move in with your kids. Here’s how to get the most from your plan. Start saving early, and save as much as possible “If you just increase your contributions by one percentage...

  • Continuing care comes at a high cost

    Continuing care comes at a high cost

    If you like one-stop shopping as a consumer, you might also like a continuing care retirement community as a retiree. These facilities promise to see their older residents from independent living to skilled nursing care, should they ever need it. Convenience comes at a price, though. A residence...

  • Do I have to go to the office Christmas party?

    Do I have to go to the office Christmas party?

    Your guide to how to tip, avoid holiday gift gaffes and work the office Christmas party. Q: How do I tip everyone who helped me throughout the year without blowing my budget? A: Compose a list of people who do work for you or provide you service on a regular basis and prioritize end-of-year gratuities...

  • Stepping in to help parents with money issues

    Stepping in to help parents with money issues

    If unpaid bills are piling up at your aging parents’ house, your father is experiencing dementia or your mother was the victim of fraud, you may be compelled to get directly involved. “Stepping in is one of the hardest things in the world. It’s more than just having a conversation about finances,”...

Jill On Money

MORE FROM JILL SCHLESINGER
  • The biggest stories affecting your money this year

    The biggest stories affecting your money this year

    The year is almost over, and that makes it a good time to look back on what happened last year. Here are the seven stories that had the greatest impact on personal finance. The stock market rally: The post-election rally continued throughout 2017. Early in the year, investors bought on the hope...

  • Bitcoin is soaring, but caution is vital

    Bitcoin is soaring, but caution is vital

    U.S. stocks are now in the second longest bull market on record (the longest was 1982-2000), but there seems to be a missing element to the current stampede: investor euphoria. Remember the late 1990s, when everyone was talking about stocks? It certainly doesn’t feel that way today. In fact, investors...

  • Navigating long-term care issues

    Navigating long-term care issues

    Long-term care is a tricky issue that is likely to affect a majority of Americans. Seventy percent of people turning 65 can expect to use some form of long-term care during their lives, the government reports. Although most of the care comes from unpaid caregivers (generally family members or friends),...

  • Save some money during open enrollment

    Save some money during open enrollment

    It’s open enrollment season for health and retirement plans, and if you are like a lot of people, you will default to the choices from last year. That’s a shame, because spending some time investigating your options can help you save money. For the 151 million Americans who participate in employer-sponsored...

Terry Savage

MORE FROM TERRY SAVAGE
  • Some money truths to embrace this year

    Some money truths to embrace this year

    Organizing your approach to money and personal finances starts with some basic principles that have proved true over time. I call them Savage Truths. And I find it helps to keep them in mind, whether you’re talking about daily spending habits or major investment decisions. Here are just a few that...

  • Now is the time to talk to aging parents about money issues

    Now is the time to talk to aging parents about money issues

    The holiday season is a time for families to get together and celebrate. But as the years race by, we might not be willing to notice the signs of aging in our parents — or ourselves. This is a time to take a closer look. The idea is not to cast gloom upon your holidays, but to get prepared and...

  • Lessons of past bear markets

    Lessons of past bear markets

    There will be another bear market. You can count on it, but you can’t be certain when it will start. The other thing you can count on is that it will have a huge impact on your investments and your retirement plans. If you are still in the accumulation phase of your life, the next bear market will...

  • Think about your pet when making estate plan

    Think about your pet when making estate plan

    Have you made plans for your pets in case you die before they do? Sadly, there are many dogs and cats in shelters because their owners died and made no provisions for their care. This is not just a topic for the elderly, and estate planning for your pet doesn’t have to involve a lot of money. I’m...

Kids & Money

  • Teach kids about the importance of giving to others

    Teach kids about the importance of giving to others

    My friend Sarrisa planted the compassion seed in her kids many holiday seasons ago, well before their teenage years. Every year, her family does something different to help those in need. This December, the family handed out McDonald’s gift cards to a group of homeless people living near a bridge...

      • Write your way to the money, guidance counselor says

        Write your way to the money, guidance counselor says

        Ron Anderson was enjoying retirement in 2011 after spending most of his professional career in college admissions at several schools, including the University of Chicago. Then he got a job pitch. Come work as a college guidance counselor at Southland College Prep Charter High School, a start-up...

          • Harsh realities of college expenses

            Harsh realities of college expenses

            I can always tell a topic I’ve written about has struck a chord when I hear from readers on both sides of the issue. The subject of the latest debate is the challenge of paying for college. I’ve always emphasized it’s best for parents to start saving early — even before children are born — and...

              • Heading off credit card fraud

                Heading off credit card fraud

                I was deep into my summer vacation when I got the call with the dreaded message: My credit card had been compromised. The caller was from the card security department at my bank. He wanted to know if I had made a $42 purchase on my credit card at a gas station in Texas. I had not, emphasizing that...

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