Finance

Master Money in Your 20s With These Personal Finance Tips

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Most of us never get a class in personal finance, so our approach to managing money after graduation is largely trial and error. But your 20s are an important time to lay the foundation for future financial stability.

Fortunately, you can learn the basics of personal finance from leading financial experts and bloggers. From tips on budgeting to paying off student loans to saving for retirement, here are eight personal finance tips from the pros to get started.

8 expert personal finance tips

To get started, check out these eight personal finance tips for 20-somethings from certified financial planners and the writers behind leading personal finance blogs.

Pay off your debt ASAPBuild

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The Best Workplaces for Women are expanding the turf for women in finance

Finance has typically not been welcoming to women. But the “boys club” of yesterday is changing. A sign of the times: Financial firms rule this year’s list of Best Workplaces for Women. Nine organizations in financial services and insurance earned a spot in the top 20—triple the number on last year’s list.

What’s behind the shift? One reason is that the industry is evolving, with the value of financial advice changing. Almost nowhere is digital transformation shaking up an industry as it is in finance. With a finger swipe across a smartphone, investors can access their accounts and see how their portfolios are doing.

But women are adding value in ways that “robo-advisers” cannot compute.

“In the past, the value of financial services or the value of a financial adviser was in constructing a portfolio or trading stocks,” said Kristin Johnson, chief human resources officer at Edward Jones, No. 5

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How Should I Finance Assisted Living?

As the population of adults over age 65 in America continues to increase, many are facing a serious dilemma over how to finance the care they’ll need in their golden years.

Financing assisted living and other forms of long-term care after retirement is a bit like an absurdist word problem in sixth grade math class: If you retire at 65 and need to enter an assisted living facility 10 years later, how much money will you need to pay for the impossible-to-predict level of potentially very expensive health care you’ll need over what could be a similarly hard-to-estimate 10- to 30-year or longer timeline?

These are critical questions that all older adults need to consider because most facilities rely primarily on private payment, and Medicare does not cover the cost of assisted living facilities, says Roxanne Sorensen, an aging life care specialist and owner of Elder Care Solutions of WNY

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How to Finance Home Schooling Your Children

Ryan Ermey: If the pandemic has you weighing the costs and benefits of homeschooling your children you’re not alone. It’s a complicated and personal decision though. And Kiplinger.com online editor Andrea Browne Taylor is here to help you weigh the pros and cons in our main segment.

Ryan Ermey: On today’s show, Sandy and I discuss what to do with a 401(k) if you’re leaving your job, and we also get into a new batch of our wackiest PR pitches. That’s all ahead on this episode of Your Money’s Worth. Stick around.

Ryan Ermey: Welcome to Your Money’s Worth. I’m Kiplinger’s associate editor Ryan Ermey joined as always by senior editor Sandy Block. Sandy, how are you?

Sandy Block: Good, Ryan.

Ryan Ermey: And today, we are going to be — in our main segment, anyway — talking to Andrea Browne Taylor, because it’s become … Read More

Meet the exec behind Microsoft’s $10 billion JEDI Pentagon cloud contract win and its efforts to woo industries like healthcare, finance, and government

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Toni Townes-Whitley, Microsoft's president of US regulated industries. <p class="copyright">Microsoft</p>
Toni Townes-Whitley, Microsoft’s president of US regulated industries.

Microsoft wants to position itself as the top cloud provider for governments, schools, financial firms, and healthcare companies and one key executive is at the center of it all of those ambitions: Toni Townes-Whitley.

Townes-Whitley, the company’s president of US regulated industries who joined Microsoft in 2015 and took on the role in 2018, has already made her mark on Microsoft’s $15 billion public-sector business when she helped the company land a $10 billion cloud-computing contract with the Pentagon in late 2019. 

Then, the importance of her role expanded unexpectedly this year as the coronavirus crisis has forced Microsoft customers to adopt cloud-computing technologies at lightning speed.

She’s steering Microsoft’s government and regulated industries business at an unprecedented time, as the company courts massive customers and shifts its strategy to target industries in her purview — such as healthcare — with

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The Best Way to Get Your Finance Ducks in a Row

Bloomberg

Apple’s Rising Class of Leaders Will Shape a Post-Tim Cook Era

(Bloomberg) — Apple Inc. Chief Executive Officer Tim Cook and his top deputies are focusing greater attention on developing a new generation of leaders to eventually run some of the iPhone maker’s most important divisions such as hardware development, services and marketing.As Cook begins his 10th year at the helm, his management group is filled mostly with senior vice presidents who have worked at Apple for more than two decades, made tens of millions of dollars and are at or near the ages of 55 to 60 when many previous executives have stepped aside. That, along with typical corporate planning, has spurred the Cupertino, California-based company to cultivate its next class of top managers, said people familiar with the matter who asked not to be identified talking about internal company discussions. Apple declined to comment.Cook, who took over

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Majority of Parents Want High Schools to Teach Personal Finance

A late August survey from U.S. News & World Report shows that more than 83% of parents believe high schools don’t do enough to help their kids become financially savvy.

But that doesn’t mean parents don’t try to do their part to educate their children about money. When asked which money concepts they’ve taught their kids, more than 68% of survey respondents focused on the importance of saving, and 53% had tackled the concept of budgeting.

Here is a breakdown of results for other concepts:

— Comparison shopping: 45.3%.

— Avoiding online scams: 41.2%.

— Using credit: 27.8%.

— Investing: 27.5%.

Only 19% of parents say they haven’t tried to help their kids become financially literate. When you think about the huge decisions high school seniors have to make about financing college, the more they know about personal finance and debt, the better.

[Read: Best Secured Credit Cards.]

State

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Massachusetts Development Finance Agency — Moody’s places the rating of Mass Dev. Fin. Agency Provident Commonwealth Education Resources II Issue UMASS Dartmouth Student Housing Project Bond Series 2018 under review for possible downgrade

Rating Action: Moody’s places the rating of Mass Dev. Fin. Agency Provident Commonwealth Education Resources II Issue UMASS Dartmouth Student Housing Project Bond Series 2018 under review for possible downgrade

New York, September 01, 2020 — Moody’s Investors Service, (“Moody’s”) has placed under review for possible downgrade approximately $132.185 million of outstanding Massachusetts Development Finance Agency Revenue Bonds, Provident Commonwealth Education Resources II Issue, UMASS Dartmouth Student Housing Project, Series 2018.

RATINGS RATIONALE / FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATING

The review for possible downgrade is based on weak housing demand evidenced by an occupancy rate of 20% for the inaugural Fall 2020 semester for the project. A total of 246 beds (of which 228 are revenue producing) have been leased out of a total of 1,210. Weak demand is driven by the shift to mostly online instruction at the affiliated university due to … Read More

4 Finance Stocks That Beat S&P 500’s Sizzling August Rally

After witnessing a volatile first half of the year due to the pandemic-led concerns, the S&P 500 has recorded its best August in the past 36 years, soaring about 7%. Of the 11 S&P 500 sectors, nine witnessed growth.

Major technology companies’ resilience to the coronavirus crisis heavily supported the market’s momentum. Rising work-from-home and online shopping trends along with increasing digital payments helped major tech stocks gain on the surging demand for their products and services.

Credit for this rally can also be given to the several COVID-19 vaccine-related developments during the month, which aided Healthcare stocks. Further, the reopening of the economy benefitted the coronavirus outbreak-hit sectors like airlines, retailers, hotels and restaurants, and cruise line operators to some extent.

Notably, a slew of positive economic data helped instill optimism in investors. Per a report by the Commerce Department, consumer spending in the United States grew 1.9% in

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Kansas City Fed President Esther George speaks with Yahoo Finance [Transcript]

joined Yahoo Finance on the virtual sidelines of the annual Jackson Hole symposium to discuss the impact of the COVID-19 pandemic on the U.S. economy and how the Federal Reserve is responding.” data-reactid=”16″Esther George, president of the Kansas City Fed, joined Yahoo Finance on the virtual sidelines of the annual Jackson Hole symposium to discuss the impact of the COVID-19 pandemic on the U.S. economy and how the Federal Reserve is responding.

Below is a transcript of her appearance, taped on August 25 and aired on August 26.

BRIAN CHEUNG: Welcome to “Yahoo Finance Presents.” I’m Brian Cheung, joined here by a very special guest: Kansas City Fed president Esther George. President George, thanks so much for joining us today.

ESTHER GEORGE: Thank you, Brian. Good to see you.

BRIAN CHEUNG: So I want to kick things off with just a discussion of where things are where you are … Read More