Although women have made substantial strides toward equality with men, most people are still likelier to sacrifice a man rather than a woman when it comes to saving lives and pursuing self-interest, researchers say. “Our study indicates that we think women’s welfare should be preserved over men’s,” observes Oriel FeldmanHall, a post-doctoral researcher at New… Continue reading Chivalry May Not Be Dead when It Comes to Morality
Tag: Money
Why Some Women Don’t Follow Up on Breast-Cancer Therapy
Researchers have found that patients who did not adhere to their medication schedule for chronic conditions, such as diabetes, prior to a breast cancer diagnosis were twice as likely to skip oral adjuvant hormonal therapy after their diagnosis. Patients who skipped medications for their chronic conditions had a 23 percent non-adherence rate to hormone treatment,… Continue reading Why Some Women Don’t Follow Up on Breast-Cancer Therapy
The Road to Financial Literacy: Three Minuses, Three Pluses
Financial literacy isn’t something we learn in school, and most parents admit they feel unqualified or incapable of teaching their children about money. As a result, most of us are self-taught when it comes to learning about money. “Too often, like financial lemmings, we follow the trends, patterns, and habits of people around us without… Continue reading The Road to Financial Literacy: Three Minuses, Three Pluses
Family Meetings Can Resolve Money Issues
People often find it harder to talk about money than politics, death or religion. To get family money issues out in the open, Anthony D. Criscuolo, certified financial planner with Palisades Hudson Financial Group, recommends holding a family meeting. “You don’t necessarily have to be in the ‘1 percent’ to benefit from having one or… Continue reading Family Meetings Can Resolve Money Issues
Why Health Care Costs Could Be Your Retirement Plan’s Weakness
A majority of affluent older Americans who are nearing retirement share the same concern – that health care costs could strike a blow to their retirement plans. In fact, 63 percent of them choose the word “terrified” to describe how they feel about the subject, according to an annual Nationwide Retirement Institute survey. But while… Continue reading Why Health Care Costs Could Be Your Retirement Plan’s Weakness
When It Comes to Happiness, Time’s More Important than Money
You’ll have a better chance at happiness if you value time more than money, according to new research published by the Society for Personality and Social Psychology. In six studies with more than 4,600 participants, researchers found an almost even split between people who tended to value their time or money, and that choice was… Continue reading When It Comes to Happiness, Time’s More Important than Money
What’s the Most Important Factor in Keeping Your Retirement Money Safe?
Don’t be so quick to simply accept what a financial advisor offers for your retirement – that’s the takeaway from multiple red flags since the 2008-09 economic crisis. First, there’s an important difference between advice that’s “suitable,” called the suitability standard, and what’s best for an advisor’s client, called the fiduciary standard. As reported in… Continue reading What’s the Most Important Factor in Keeping Your Retirement Money Safe?
6 Ways To Talk About Money With Your Family
Finance cuts to our emotional roots. When we think about money, let’s be honest – we’re not talking about just money, but also a host of related consequences and deeply felt emotions. Money cuts to the emotional roots of every human issue. In my years of advising, I’ve come to understand that when we talk… Continue reading 6 Ways To Talk About Money With Your Family
Kids From Higher Socioeconomic Backgrounds Rely More on Parents
Young people from higher socioeconomic backgrounds are likelier to receive financial support from their parents even after they have left the nest, according to research from North Carolina State University. Going to a four-year-college makes them likelier to rely on such support, and they are likelier to become completely independent over time. “I wanted to… Continue reading Kids From Higher Socioeconomic Backgrounds Rely More on Parents
Five Overlooked Variables in Planning for Your Retirement
It wasn’t long ago that most Americans had a secure three-legged stool on which to rest their retirement concerns – a well-funded Social Security system, substantial corporate pensions with retiree health benefits and, ideally, a strong personal savings rate. Nowadays, however, pensions aren’t what they used to be; they’ve been largely replaced by employer-sponsored plans… Continue reading Five Overlooked Variables in Planning for Your Retirement
Track Your Spending Habits With a Money-Management App
Money management is probably at the forefront of your mind. While everyone should have a long-term plan for their investments, yours will do you no good if you aren’t also watching your money on a day-to-day basis. You should have a monthly budget, spending categories with soft and hard caps, and a system to keep… Continue reading Track Your Spending Habits With a Money-Management App
How Women Can Catch Up on Retirement Savings
Because women live longer and earn less money than men, they need to save $126 for every $100 men save in order to have a decent standard of living in old age. And the biggest financial challenge women face is longevity – we live longer than men and are more likely to end up alone… Continue reading How Women Can Catch Up on Retirement Savings
4 Tips To Help Couples Keep The Peace About Money
Money may not have the power to buy happiness, but it sure can stress us out. In fact, a survey by the American Psychological Association pinpointed money as the leading cause of stress for Americans, with 72 percent saying they had felt at least some stress about money in the previous month. What’s more, about… Continue reading 4 Tips To Help Couples Keep The Peace About Money
Divorce And How It Can Affect Your Retirement Money
It’s the unthinkable that no aging person wants to face: divorce. The impact is huge on every aspect of your life, especially financially and the role it can play in planning for retirement. Certified Financial Planners Gary Plessl and Kevin Houser, authors of The Book on Retirement: Are You Ready for The Second Half of… Continue reading Divorce And How It Can Affect Your Retirement Money
Dealing with Debt Collectors Who Go Too Far
You’ve fallen behind in a loan payment, and you get numerous calls from an obnoxious and offensive debt collector. Their tactics are to strike quickly and threaten severe action unless you agree to payment of the debt. “If you do not cooperate,” they say, “We may file a lawsuit against you!” What can you do?… Continue reading Dealing with Debt Collectors Who Go Too Far
Can We Make Retirement Planning Easier?
For most people, addressing retirement issues is a costly, abstract and deeply psychological matter, which is apparent from a survey by Schwab Retirement Plan Services. While most survey participants find their 401(k) – a workplace savings plan that lets employees invest a portion of their paycheck before taxes are taken out – a crucial benefit,… Continue reading Can We Make Retirement Planning Easier?
Nine Ways To Slash Spending on Takeout
While working families are more inclined to reach for their smartphones over the frying pan during the back-to-school rush, there are ways to keep dinner simple and inexpensive without depending on restaurants. Consider these 9 tips for quick and affordable meals from consumer expert Andrea Woroch: 1. Track your takeout spending. To reduce your spending… Continue reading Nine Ways To Slash Spending on Takeout
Protect Yourself in A Turbulent Market
Investment experts who predicted a turbulent stock market this year have seen their prophecies come true. The volatility is expected to continue, and the dramatic ups and downs could leave some investors queasy, especially if they bit into more risk than they can stomach. “One of the unfortunate truths about investing is there are many… Continue reading Protect Yourself in A Turbulent Market