Because of the poor economy, students now have more of a burden to help pay for their own college expenses. No one wants to rack up huge student loan debt to pay for it all, but nearly two-thirds of undergraduates take out student loans, and college seniors are graduating with an average loan balance close …
So you didn’t save. Maybe the costs of raising a family left you with nothing to squirrel away for your child’s higher education. Or perhaps you did save, but you’ve been hit hard by the downturn in the economy through the loss of a steady job or a sharp decline in the value of your …
The maximum amount an individual can save in a 401(k) is $16,500 a year, or $22,000 if you’re 50 or older. For 2012, it’s $17,000 or $22,500 if you’re 50 or older. If that’s attainable, go for it. If it sounds like a long shot, consider these smaller moves that can help get you to …
We got an interesting question from an academic adviser at a Texas university: could we tell what the top 1 percent of earners majored in? The writer, sly dog, was probably trying to make a point, because he wrote from a biology department, and it turns out that biology majors make up nearly 7 percent …
Sometimes I wonder how much the wealthy people make and where they live – I can tell by the area they live in the Valley – but not for the whole country. Defining the Wealthy Financial benchmarks in this area can differ radically from those in places where more people are struggling to put food …
