Author Archives: wiseideasfortheclassroom

WHY AREN’T WAGES HIGHER? (AS REPORTED BY PETER COY ON WWW.BLOOMBERG.COM)

The good news is that the unemployment rate is lower now than it has been at any time since before the Great Recession. The bad news is that average wages have not risen as much as most economists would expect them to. Traditionally, the better the unemployment rate, the higher employers have to pay workers […]

HOW MUCH HOME CAN YOU AFFORD? (AS REPORTED BY KATHRYN VASEL ON MONEY.CNN.COM)

This is a seller’s market when it comes to real estate. Lower inventory across the country is driving home costs higher. And so if you’re one of millions of Americans planning to buy a home this year, CNN Money wants you to keep a few things in mind. First, and most importantly, be honest with […]

FINANCIAL ADVISOR WARNING SIGNS (AS REPORTED BY LIZ FRAZIER PECK ON WWW.FORBES.COM)

Financial advisors traditionally serve the wealthier among us, who are historically more proactive with their money, because they have more of it. But these industry professionals can be a good idea for anyone looking to make smarter financial decisions, and can benefit people across the income spectrum. But only if you hire the right ones. […]

KEY RETIREMENT MILESTONES (AS REPORTED BY PERSONAL.VANGUARD.COM)

We all have questions about retirement – ranging from how to save for it to when is it time? To help answer some of those questions, Vanguard recently shared the 7 big financial milestones in retirement. These are the ages when most of us will be able to take key steps toward a more secure […]

INCOME INEQUALITY AND AGE (AS REPORTED BY ALLISON SCHRAGER ON WWW.QZ.COM)

If you pay attention to the news much these days, you are likely to hear a lot about income inequality. The fact that incomes at the very top have grown rapidly over the last several decades while everyone else’s have stagnated is a large drain on the economy. And brand new research suggests that your […]

TAX MYTHS (AS REPORTED BY SELENA MARANJIAN ON MONEY.CNN.COM)

Taxes are complicated. There is no avoiding that. The US tax code is so complex that its likely even a lawyer who specializes on tax law doesn’t know all the details. So how can you or I be expected to understand them? While becoming an expert in the tax code may not be possible, there […]

MAX OUT YOUR 401K MATCH (AS REPORTED BY MATT BECKER ON WWW.THESIMPLEDOLLAR.COM)

A 401k employer match is one of the best things any employee can ask for. Why? Because it means free money toward your retirement. Many employers in the US still offer this benefit to their employees – they match 50-100% of employee 401k contributions up to a certain limit. But according to the Society for […]