Personal Finance


The years from the late 19th and early 20th centuries were not the most egalitarian in American history. Robber barons roamed the economy, living off lavish rents generated by powerful cartels and industrial monopolies. The richest 1 percent of Americans reaped nearly one in five dollars generated by the economy and amassed almost half its wealth; at the other end of the scale, wage earners lost ground to inflation. It was the era of...

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For Daniel Ryan, turning 40 and 50 came and went. But sometime around his 61st birthday last July, he said he had an “old man crisis.” He did some simple math, and quickly concluded that living another 20 years would be considered a “full life.” Even if he remained healthy for another 15 years, he figured he might only be able to maintain his active lifestyle of skiing, hiking and mountain biking for another decade. “Looking at the...

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Are you ready to overhaul your spending patterns, start funneling more money into your bank account and buy better (and safer) products in 2014? If so, you’ve come to the right place. We’ve rounded up our favorite money stories to give you the bite-size nuggets you need to get your financial resolutions in place. Here are 25 ways to improve your finances in the new year: 1. Start feeling good about money. If you have a “money shame,”...

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1. Set no savings goals Goals? Whatever. You’ll save if there’s money left over. People don’t plan to fail, they fail to plan. You’ve heard that before, haven’t you? It’s true. I don’t think anyone sets out to be on a paycheck-to-paycheck plan by the time they reach their 60s. Yet it happens. If you want to achieve something, write it down. Then write down the action steps you need to take to make it happen and put together a time...

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Black Friday already? Where did the year go? The good news: No matter whether you’re retired or on retirement’s doorstep, there’s plenty you can do before the end of 2013 to avoid giving Uncle Sam more than his fair share of your hard-earned income. Here’s a laundry list of what experts suggest: Do a dry run Lest you do something that you might regret later on, consider taking stock of where you are and where you want to be with your...

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