Finance

December Rate Hike Assured, Yellen Faces Future Battles

Federal Reserve Chair Janet Yellen has the evidence of U.S. labor market health she wanted in order to raise benchmark interest rates for the first time in a decade this month, but she may have a tougher time selling further hikes. Yellen’s arguments against potential dissenters at the Dec. 15-16 Fed policy meeting were strengthened by Labor Department data Friday ... Read More »

Market Wrap: Stocks Surge on Strong U.S. Jobs Data

U.S. stocks rallied Friday, giving the S&P 500 its biggest gain since early September, as employment data suggested the economy was strong enough to sustain a Federal Reserve rate hike this month. Financials, which benefit from higher borrowing costs, led the rally. The S&P financial index jumped 2.7 percent. JPMorgan Chase (JPM) rose 3.2 percent to $67.89 after European antitrust ... Read More »

How to Avoid Holiday Season Credit Card Rip-Offs

“Buy now, pay later” is the modern way of life. Credit cards are a highly profitable business for the companies that issue them, so it’s no surprise that banks continue to inundate consumers with credit card offers, especially during the shopping frenzy of the holiday season. These come-ons are among several financial traps lurking out there today. Visa (V), MasterCard ... Read More »

How to Get Richer Without Getting a Raise

Live the life you want without working all the time. That’s the message of Tim Ferriss — entrepreneur, angel investor, public speaker and author of several bestselling books, including “The 4-Hour Workweek.” And it’s helped him achieve massive success. Tim Ferriss is a finalist in GOBankingRates’ 2015 “Best Money Expert”competition held in collaboration with Ally Bank. As part of the ... Read More »

Keurig Green Mountain to Be Taken Private for $13.9 Billion

Keurig Green Mountain, the maker of K-Cup single-serve coffee pods, said Monday it would be bought by an investor group led by Germany’s JAB Holding Co. for about $13.9 billion, creating a global coffee giant. The deal, pitched at a 78 percent premium to Keurig’s Friday close, is the latest by JAB as it seeks to become a formidable competitor ... Read More »

3 Risks of Investing in Annuities

Investing can be scary, especially in the short term. When you retire, it’s hard to watch the value of your lifetime of savings fluctuate as financial markets bounce up and down. Fear is a powerful sales tool. Immediate annuities are an insurance product that prevents you from losing money and offers the benefit of guaranteed payments. However, there is a ... Read More »

How Good is Your Employer’s 401(k)?

BrightScope recently identified the industries with the best 401(k) plans. Which industries came out on top? Our rating system is based on how quickly the average participant in a given 401(k) plan is going to accumulate the money we believe someone needs to retire comfortably within his or her industry. Law firms, utilities, mining companies and airlines were top scorers ... Read More »

5 Ways to Make a Better Plan for Your Money in 2016

From professional football player to speaker and financial coach, Chris Hogan has been a staple among personal finance experts. The money guru once worked as vice president of a mortgage company and later turned to helping people successfully manage their money. As a finalist in the 2015 GOBankingRates “Best Money Expert” competition held in collaboration with Ally Bank, Chris Hogan ... Read More »

How to Cope With the Stress of Retirement

Retirement sounds like fun, doesn’t it? It can be. But it also involves a major change in your life, and therefore represents a stressful transition. On the “life events scale” used by psychologists to determine stress levels, retirement is rated as the 10th most stressful event you can experience – behind the death of a spouse, divorce or a jail ... Read More »

Top 10 Red-Hot Housing Markets to Watch in 2016

The hottest housing market to watch in the new year is not among those that regularly make the news for high demand and quick sales. Instead, Providence, Rhode Island, scored the top spot because it’s “just now seeing signs of recovery based on substantially better economic conditions forecasted for next year,” according to Realtor.com. The real estate website identified the ... Read More »