Peer-to-peer payments carry risks

Nearly two-thirds of millennials last year sent or received money using a peer-to-peer app, such as Cash, PayPal, Venmo and Zelle. The apps are fast, and often all it takes to transfer money to another’s bank account is an email address or phone number. But as the use of these apps grows, so do...

Columns

Blue Sky Originals

Kiplinger

MORE FROM KIPLINGER
  • Take a bite out of insurance premiums

    Take a bite out of insurance premiums

    Insurance is that rare product that you buy hoping you never have to use it. This protection usually isn’t cheap, either. But there are ways to trim insurance premiums. Re-shop car insurance The insurer that had the best rate when you bought your coverage may not be the most competitive after you...

  • Gray divorce can have big financial impact

    Gray divorce can have big financial impact

    A divorce can derail the best-laid retirement plans, particularly if it occurs later in life, when there is less time for partners to recover financially. “You essentially are splitting your assets, but potentially doubling your expense footprint. You are now maintaining two households with the...

  • Gray layoff: How to bounce back

    Gray layoff: How to bounce back

    Few events can derail retirement plans faster than losing a job. That’s particularly true for older workers who might be laid off in their peak earning years, when they had been counting on catching up on retirement savings. Older workers have one of the lowest unemployment rates of any sector...

  • That email is not from the IRS

    That email is not from the IRS

    Q: I received an email claiming to be from the IRS and asking for my bank account information to deposit my refund. I’m almost positive it’s a scam. How can I find out for sure, and how can I report it if it is fraudulent? A: It’s a scam — and one that’s common around tax season. The IRS doesn’t...

Jill On Money

MORE FROM JILL SCHLESINGER
  • Market gyration is important reminder that investing can be risky

    Market gyration is important reminder that investing can be risky

    We knew that a stock market correction was coming, but why then did everyone seem so shocked when it arrived on Feb. 8? Corrections, defined as 10 percent drops from the recent highs (Jan. 26), usually occur every year or so. Until the early February sell-off, it had been two full years since the...

  • Haven't filed yet? Here's what to know

    Haven't filed yet? Here's what to know

    Tax season opened on Jan. 29, and the IRS expects more than 155 million returns to be filed this year. More than 70 percent of filers should receive a refund. Once again, due to a District of Columbia holiday (Emancipation Day), the filing deadline is delayed. Procrastinators, mark April 17, rather...

  • A savings plan for each generation

    A savings plan for each generation

    You’ve seen the frightening surveys that show Americans are not prepared for retirement, but let’s take a more positive and proactive approach. No matter how old you are, you can make improvements. I’m going to break it down by generation. Millennials (born 1980-2000): Ask anybody who is retired...

  • A few money questions for the new year

    A few money questions for the new year

    Last year defied most expectations. Synchronistic global growth led to a surge in corporate profits, which in turn pushed worldwide stocks higher. The FTSE All-World index shot up nearly 22 percent, its biggest rise since 2009. U.S. markets were along for the ride: The Dow Jones Industrial Average...

Terry Savage

MORE FROM TERRY SAVAGE
  • Consider all aspects of financial aid offers

    Consider all aspects of financial aid offers

    In the coming weeks, millions of college freshmen will know the joy of acceptance and the agony of money anxiety as they figure out whether they and their parents can afford the college of their choice. Financial aid packages soon will arrive along with acceptance letters. My first piece of advice:...

  • How to avoid unscrupulous financial advisers

    How to avoid unscrupulous financial advisers

    In a ruling handed down March 15, a federal appeals court all but killed the fiduciary rule — a Labor Department regulation aimed at protecting retirement savings — before it was even fully implemented. A lot of people are after your money, especially if you are one of the millions of Americans...

  • Do a 401(k) checkup

    Do a 401(k) checkup

    After nine years of a bull market, your 401(k) retirement plan is likely your largest financial asset, perhaps even dwarfing the value of your home. Yet, while you pay attention to home repairs, you many not spend much time inspecting your retirement plan. First and foremost, you should be contributing...

  • IRS calculator helps nail down withholding

    IRS calculator helps nail down withholding

    People love to get a tax refund. But a refund means you’re essentially getting back your own money. A tax refund means you overpaid your taxes to the government, likely by having too much money withheld from your paycheck. Most of us consider a refund to be the lesser of two evils. If too little...

Kids & Money

  • Don't be fooled by scammers amid rush for college cash

    Don't be fooled by scammers amid rush for college cash

    It happens every spring. As parents and students scramble to line up more money to cover college costs, scam artists pop up like unsightly weeds in a finely manicured yard. Unfortunately, this has been a recurring Kids & Money column topic because people continue to be taken in by fraud. Every...

      • Have a wedding budget, and stick to it

        Have a wedding budget, and stick to it

        I’ve been to auto shows, boat shows, garden shows, sports memorabilia shows and home-remodeling shows. But I’d never been to a bridal show, and I didn’t feel I’d been missing anything. But there I was on a frosty, sub-zero Saturday morning in January with about 4,000 other moms and dads, and future...

          • How to go after that college money

            How to go after that college money

            Many high school seniors are aware that there are scholarships galore that can ease the burden of paying for college. You just have to be willing to put in the time and effort to go after the money. Gabrielle McCormick has turned the search for scholarships into an art form and business model,...

              • Is your kid ready for a credit card?

                Is your kid ready for a credit card?

                Interest rates are rising, credit card balances are expanding and more cardholders are experiencing delinquencies. Put it all together and what do you have? A strong caution signal for parents with kids who are clamoring for that first credit card or who are relative newcomers to plastic payments....

                  57°