
It appears that middle-class Americans would be grateful to have affordable, professional and ethical advice for managing their retirement accounts.
This post comes from Tim Parker at partner blog Bargaineering.
As somebody who is in the financial advising field, I'm getting a little tired of hearing that all financial advisers are duping their clients out of a lot of money. But what I'm far more tired of is the fact that, in way too many cases, it's true.
You may have heard about the Goldman Sachs employee who quit by writing this op-ed in The New York Times. To sum it up, he was tired of advisers being more concerned about profits than they are about doing what is best for their clients. Maybe the most embarrassing part was his claim that Goldman employees refer to their clients as "muppets."
Then there's this article about a study where actors were hired to pose as average customers with one of four different types of portfolios. They made 300 visits to Boston area advisers and many of the advisers changed their portfolios to more fee-laden options. Seriously?
As airfares rise, airlines are also raising their fees for booking awards tickets. Here's how to avoid overpaying.
This post comes from Kelli B. Grant at partner site SmartMoney.
Airlines are raising the fees on "free." In exchange for giving travelers who redeem miles more seats to choose from, carriers are tacking on bigger surcharges.
Frequent fliers expect to pay a little in taxes and fees to get an awards seat. But the price tag for free seats has been steadily climbing. Last year, United upped its maximum fees for booking awards tickets from $500 to $600 each way on international routes. Earlier this year, Spirit added fees of $15 to $100 for booking awards seats close to the date of departure -- and by their definition, that extends as far as six months out.
Used correctly, a really good store credit card can maximize your benefits. Here's how to make one work for you.
This post comes from Beverly Blair Harzog at partner site Credit.com.
When people ask me about store credit cards, I usually say there are better choices for a credit card. The reason? High interest rates. The May issue of Consumer Reports Money Adviser compared 15 store credit cards and also concluded that the downside is the high interest rates.
But, as with everything in life, there are exceptions. If you get a retail card from a store where you shop frequently and use the card correctly, you can actually benefit from the rewards.
Divorce lawyers are seeing an increase in cases that involve social networking sites.
This post comes from Quentin Fottrell at partner site SmartMoney.
Facebook CEO Mark Zuckerberg changed his status to "married" on Saturday and received more than a million "likes" from his followers. But the site he founded isn't always so marriage-friendly. In fact, lawyers say the social network contributes to an increasing number of marriage breakups.
More than a third of divorce filings last year contained the word "Facebook," according to a U.K. survey by Divorce Online, a legal services firm. And more than 80% of U.S. divorce attorneys say they've seen a rise in the number of cases involving social networking, according to the American Academy of Matrimonial Lawyers.
You can drive a well-maintained car for 300,000 miles, but you'll need a good mechanic to make it that far.
This post comes from Angela Colley at partner site Money Talks News.
I own a clunker, which is why I've been to the auto repair shop three times in the last year. And I've been to three different shops. Why no return visits? Because I wasn't happy with the service, price, or both.
I'm not alone. In a recent survey, Consumer Reports polled 5,400 people, and 27% said they weren't happy with the auto repair service they received. Of the dissatisfied, 38% said the price was too high, and 28% said the job wasn't done right.
In the video below, Stacy Johnson shares five of his best tips for finding a mechanic who won't let you down.
Women face more challenges than their male counterparts when saving adequately for retirement. Here's how they can close the gap.
This post comes from Robert Brokamp at partner blog Get Rich Slowly.
One of my jobs at The Motley Fool is to serve as the internal financial planner for Fool employees. Lately, however, I've been answering more questions my colleagues have about their parents -- and it's more likely about their mothers or mothers-in-law. The truth is, women face a more difficult task when it comes to retirement planning, for several reasons.
For the first time ever, students might find it cheaper to borrow from a private bank than from the federal government.
This post comes from AnnaMaria Andriotis at partner site SmartMoney.
Though most banks traditionally offered only variable-rate student loans, a growing number recently began giving borrowers low fixed-rate options. On Monday, Sallie Mae and Discover, the first and third largest private student loan lenders, respectively, became the latest to offer fixed rates. They join Wells Fargo, the second biggest lender in the space, and five other private lenders in total, according to FinAid.
Despite being burdened with large student-loan debt and high unemployment rates, millennials are the fastest-growing segment of luxury shoppers.
This post comes from Julie Halpert at partner site The Fiscal Times.
Shaun Spellman, a 27-year-old owner of an Internet marketing firm, recently paid $300 for the newest Android cell phone on the day it was released, even though he believes it will drop in price within a few months.
But for Spellman, the benefit of having the latest technology is worth it. Though he's saving for an October wedding and a new home, "that doesn't stop me from making some purchases that I consider necessities." He skimps in other areas, driving a 1997 Camry and eating out only when he has a daily deal coupon.
Spellman is part of a generation that represents the fastest-growing segment of luxury goods and services purchasers. Although some millennials -- those born between 1980 and 2000 -- are launching promising careers, most are burdened with large student loans, and thousands are unemployed (millennials make up one of the highest unemployment rates in the country). Despite all this, they are making luxury purchases a priority.
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Smart Spending combines the best money-saving tips from MSN Money and the rest of the Web. Our experts on stretching dollars:
-- Karen Datko, lead blogger, is a veteran journalist in small-town Montana, where her mortgage is $310 a month.
-- Giselle Smith is a longtime editor and writer based in Seattle.
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Used correctly, a really good store credit card can maximize your benefits. Here's how to make one work for you.
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