Janet Yellen – currently the vice chair of the Board of Governors of the Federal Reserve – has been nominated to succeed Ben Bernanke at the helm of the world’s most important central bank. A former UC Berkeley and London School of Economics professor and San Francisco Fed president, Yellen is a globally admired economist…
Read MoreHow can you become an anonymous lottery Powerball winner? If you thought winning the Powerball lottery was difficult, try remaining anonymous! While it may be difficult to remain anonymous if you win the Powerball lottery, it’s not impossible. But first, why would you want to remain anonymous? Why not raise the big cardboard check high…
Read MoreMany women are in charge of their financial lives, and proudly so. Some have become their own financial captains as a result of life events; others have always steered their own ships. Even so, there are too many women who are left out of financial decision making – some by their own choice. That may…
Read MoreWhy do some people let their potential for lifetime wealth slip away? Some people are better off economically at 30 or 40 than they are at 50 or 60. In some cases, fate deals them a bad hand. In other cases, bad decisions and inaction are to blame. They buy depreciating assets, instead of allowing…
Read MoreA retirement plan is a necessity – and it needs regular attention. When you offer a retirement plan to your workers, you take on major legal, ethical and financial responsibilities. If that scares you, you aren’t alone among plan sponsors. As a business owner, you have a long to-do list – and running a retirement…
Read MoreStatistics don’t mean everything. Read enough about women and money online, and you will run across numbers indicating that women finish a distant second to men in saving and investing. Only 42% of women save a specific amount money each month for retirement, the State Farm Center for Women and Financial Services at the American…
Read MoreIn October, America may risk running out of cash. Treasury Secretary Jacob Lew recently urged Congress to lift the federal debt limit before October 17. Secretary Lew claims that if nothing is done by that date, the Treasury will have only about $30 billion in available cash to pay down as much as $60 billion…
Read MoreJust what is an RMD? After you turn 70½, the IRS requires you to withdraw some of the money in most retirement savings accounts each year. These withdrawals are officially called Required Minimum Distributions (RMDs). You must take an RMD from a traditional IRAs after you turn 70½, even if you are still working. If…
Read MoreAs you have no doubt heard, the United States government shut down at midnight (Eastern) October 1, 2013. There are many questions and concerns about this situation, but here are some basics. What happened? In short, Congress did not pass any of their appropriations bills. These bills provide money to various to federal agencies. Federal…
Read MoreWomen often become guardians of family wealth. Many women outlive their spouses, and have the opportunity to have the “final say” (from an estate planning standpoint) about the wealth they have built or inherited. Legacy planning is essential for single women and couples, too, as one or two successful careers may leave a woman or…
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