5 key pieces of investing advice for 20-somethings

Although a truism in investing is to start early in order to reap the benefits of compound interest over the long term, many financial advisers say that these days a person fresh out of school has to consider other priorities as well.

That does not mean young people should avoid retirement planning altogether. Rather, it means taking a smart, balanced approach to investing and covering off other financial commitments.

Ditch the baggage

Fresh-faced graduates taking up entry-level positions sometimes cannot afford to contribute to an RRSP while still staring down student and credit card debt, for example. And no matter what they studied, debt is one of the main things recent...


Affluent urbanites give least preference to retirement planning

Retirement planning ranks lowest in the priority of affluent urban Indian professionals. This is one of the key findings of a survey commissioned by US-based financial planning company Ameriprise Financial, which has entered India last week.

Nearly 700 working professionals across major metropolitan cities Delhi, Mumbai, Chennai and Bangalore were surveyed to better understand the urban Indian professionals attitudes towards managing personal finances. Each of the respondents had an annual income of over Rs 12 lakh.

Family goals remain the most important objective for such consumers irrespective of the age, income or geography. Family-centric goals such as providing for childrens...


Play NFL Football Video Game While Learning Personal Finance Fundamentals on …

ORLANDO, Fla., Jan. 24, 2012 — InCharge Debt Solutions launches new webpage with Financial Football, Soccer and six other entertaining and educational games for all ages.

ORLANDO, Fla., Jan. 24, 2012 /PRNewswire-USNewswire/ — InCharge Debt Solutions launched a new webpage that features eight video games that teach various personal finance concepts while entertaining players of all ages from kindergarten to adult.#xA0; InCharge is a leading nonprofit agency committed to the promotion of financial literacy through self-developed educational programs and collaboration through its membership in the National Foundation for Credit Counseling#xAE; and other...


Monday’s Personal Finance Stories

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Do Louisianans Really Need "Tort Reform?"

Do Louisianans Really Need Tort Reform?
A survey indicates that Louisiana residents favor tort reform, but is this really accurate?

January 13, 2012 /24-7PressRelease/ — A recent survey was conducted by an organization identified as Coalition for Common Sense (CCS) and the results indicate the majority of citizens in Louisiana feel there is a need for tort reform. Their survey found:

- 65 percent said there are too many lawsuits in Louisiana

- 69 percent agreed that lawsuit abuse costs jobs

- 71 percent agreed that lawsuit abuse is hurting the states economy

- 85 percent agreed that personal injury lawyer ads encourage people...


7 personal finance lessons to learn from Katrina Kaif

Sanjay Matai

Inspirations come in all shapes and sizes. You would surely agree that Katrina Kaif as an inspiration is not only shapely but also quite beautiful.

Katrina was a total novice when she entered the Hindi film industry. She had no knowledge of films. Worse – she couldnt even speak the Hindi language properly. Yet within a short span of 5-7 years she has become one of the most successful actresses in the Hindi film industry.

Many amongst you too would have no knowledge of the personal finance industry. Worse – you wouldnt even understand the financial language. But if you are willing to work hard like Katrina, there is no reason why you too cant...


7 Steps to Reach Your Retirement Goals

Whats your retirement dream? Travel the world? Move to Arizona? Become a migratory snowbird? Improve your golf game? Open a part-time consulting business? Spoil your grandchildren?

[See top-ranked ETFs by category ranked by US News Best ETFs.]

Whether retirement is decades away or just around the corner, its difficult for many retirement investors to determine whether retirement dreams are actually attainable goals. But this is no time to stick your head in the sand because retirement is coming.

Take control and take action. Figure out what dreams could be reachable goals, and create a strategy to make them reality.

Here are seven considerations to help you get organized:

Goals....


Commerce president urges more US energy access, quicker permits

US Chamber of Commerce Pres. Thomas J. Donohue called for quicker approvals of proposed US oil and gas projects, as well as for the Keystone XL oil pipeline, and more access to domestic resources in his 2012 State of American Business address.

“Energy is a game changer for the United States,” Donohue maintained on Jan. 12. “With the right policies, the oil and gas industry could create more than 1 million jobs by 2018. Not only can we create jobs, but we can cut our dependence on overseas imports while adding hundreds of billions of dollars to government coffers in the coming years.”

Donohue’s recommendations came as part of the nation’s largest...


Dead? No. Arrested and charged with faking it for insurance claim

Posted at 02:21 PM ET, 01/13/2012
Dead? No. Arrested and charged with faking it for insurance claim
By Mary Pat Flaherty

Jamie Dwayne Long, 38, of Lunenberg, was arrested Thursday, which is notable mainly because he had gone to some trouble to appear officially dead, at least as federal prosecutors tell it.

Long faces three counts of mail fraud for allegedly ordering and receiving a notary embossing stamp and scheming to receive paperwork in an attempt to collect on his roughly $774,000 life insurance policy while he was still alive, according to an indictment...


Free retirement planning advice Jan. 12 & 17

Get free retirement planning advice Jan. 12 and Jan. 17 during Kiplingers Personal Finances 11th annual Jump-Start Your Retirement Planning Days.


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