Tag: Financial

Posted on

How parents can empower their kids through financial literacy

How parents can empower their kids through financial literacy

The Covid-19 pandemic actually highlighted how economically troubled our culture is. Debt stages are extremely higher, bankruptcies are commonplace and a lot of People are residing paycheck to paycheck. Today’s grown ups are struggling and may be environment the up coming technology up for hassle, as nicely.

Tackling the money literacy crisis in America starts in the house, as economical training courses are still not becoming taught continuously in colleges across the state.

Nevertheless, according to a T. Rowe Price tag research, 36{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of mother and father are “very” or “extremely” reluctant to talk about finances with their small children, and a different 26{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} say they are “somewhat” hesitant.  As a end result, young children now have no principle of revenue or how it will work.

Additional from Private Finance:
Obama’s former Instruction secretary calls on Biden to terminate university student personal debt
How to take a sabbatical, even if your company isn’t going to provide one
Lawmakers want to simplicity pain of large gasoline selling prices with direct payments

Irrespective of this reluctance, it’s significant for mom and dad to begin the money dialogue at residence with their children. With that said, here’s a fundamental guideline of money ideas that you can discuss with kids at several age ranges.

Ages 3-5

  • You require revenue to acquire things. You can converse to them about the distinctive varieties of income we use — cash, greenback charges, and credit and debit playing cards. Have them think about all the issues that value dollars — toys, groceries, their backpack, etc. Also reveal that a good deal of matters that have worth are cost-free. Paying out time taking part in with a mate or cousin is really exciting and doesn’t value a dime.
  • Cash is attained by operating. Discuss about your job or job and why you chose it. Use illustrations of work opportunities they acknowledge like teachers, hearth fighters and mail carriers. You can speak with them about approaches they could possibly feel of to make cash.
  • You might have to wait to purchase something you want. Delayed gratification is a difficult concept even for a large amount of grown ups to fully grasp. The quicker little ones accept this actuality, the better. Have them identify an item they’d like to acquire. Maybe it is a toy or piece of sweet. Discuss about how significantly it fees and assistance them rely out the cash essential to obtain it.

Ages 6-10

  • There is a variation concerning what you want and what you want. Discuss about all the factors we need to have to purchase with our cash — clothing, food items, a house to dwell in. Then make a list of items we like to have, but really don’t necessarily require to reside — toys, sweet, Paw Patrol slippers.
  • You have to make decisions about how to spend your money. There are trade-offs, and funds can operate out. Give them some revenue with the undertaking of deciding on which snacks to invest in for the week. Do you want to shell out money on one thing, or can you borrow it or buy it someplace made use of or at significantly less expense?  The moment it is expended, it is absent.
  • It is great to assess prices. Make clear there are heaps of methods to buy matters. You can bodily go into a retail store to get it, appear for it on line (perhaps via the magical land of Amazon) or invest in it employed from anyone else. They can aid you glance by way of coupons or wait for profits to get improved pricing.

Ages 11-13

  • You ought to conserve a at the very least a dime for just about every greenback you generate. Stimulate the pattern of conserving 10{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of all cash your kid gets. Have them set goals for points they’d like to help you save up for.
  • Employing a credit rating card is like a mortgage. Most very likely, they look at you use playing cards all the time and may well have queries about it. They want to realize this is basically a money transaction getting location and revenue is going out.

Ages 14-18

  • You must avoid utilizing credit history cards if you cannot pay back the stability off every month. They want to recognize if you never pay out the invoice in full every month, desire can do the job against you and you will close up shelling out more for the merchandise than it in fact fees. At this age, they are a whole lot closer to owning their own credit rating card.
  • You must pay taxes on your cash flow. This is an crucial principle to understand properly just before they graduate from university and get their to start with full-time career. Describe what taxes spend for in your group.
  • The relevance of getting an emergency fund. Offer illustrations of why it is important to generally retain some dollars in savings. You can cite examples of emergencies you have knowledgeable — appliances breaking, dropping a task and healthcare problems and how owning a financial savings cushion assisted you get by means of these situations. Or alternatively, speak about how you regretted not possessing an emergency fund when you required it.
  • Primary investing ideas. If they are earning profits, you might look at environment up a Roth individual retirement account for them and chatting about standard financial investment concepts so they can get some arms-on experience in viewing their cash grow.

Instruction is electricity

Below are some further suggestions for mother and father:

  • Provide actual-time illustrations of trade-offs you make. When you are at the retailer with your young children, look at costs alongside one another and convey to them why you are selecting to invest in a single product about yet another.  Communicate to them about a little something you saved up for and how extensive it took you to do it.
  • Use allowance as a finding out instrument to develop teachable moments. We want to set our youngsters in scenarios in which they make and take care of their personal cash before they are out in the serious globe. Enable them shell out the revenue they gain and aid them established plans to conserve up for even larger objects. If you are going on trip, let them carry their own funds to invest on snacks or trinkets that you wouldn’t ordinarily get for them. Help them get a truly feel for what these goods price.
  • Let your young children fall short and discover. Allow them make silly purchases and examine in with them a 7 days later to see how they sense about it.  Are they nonetheless making the most of that $10 pack of Pokémon playing cards, or did they conclude up in the recycle bin past 7 days? Congratulate them on the buys that they acquired a good deal of use out of or saved up for.  Allow them follow, fall short and find out how the genuine world will work. You want them to learn and make errors when they are continue to under your roof.
  • By age 14, start off “genuine-environment” schooling. Choose the total that you would generally commit on them for entertainment, outfits and other desires and set that into their examining account each individual month and enable them manage it. If they expend it all on a pair of designer sneakers in the initially week and have no funds to go to movies with friends later on, they have acquired the lesson that funds is finite, and they will need to manage it much better future thirty day period.

Education and learning is ability — when you know far better, you can do greater.

When it comes to income, becoming able to handle it effectively is aspect of a healthful life-style. If you can engrain a habits early on, the better it will stick.

Young children who improve up with a great schooling close to money with healthier routines will expand into grown ups who are a lot less likely get caught in a perilous credit card debt cycle, are much better well prepared for emergencies and have the surplus to give to charity and assist their communities. 

— By Jamie Bosse, accredited fiscal planner at Aspyre Wealth Partners

Posted on

State audit highlights financial worries in DeKalb schools

State audit highlights financial worries in DeKalb schools
DiscoverDeKalb college board users who fired superintendent trace at motives

The state conducts an once-a-year audit of every faculty district. The audit of DeKalb, the state’s third-premier faculty district, spans the fiscal year ending June 30, 2021. Watson-Harris commenced functioning as superintendent in June 2020.

After some board users expressed considerations about hiring methods and federal aid shelling out, an outside investigation disclosed some of the issues pointed out in the audit. That investigation established that Watson-Harris was unaware of these troubles.

The condition audit suggests that just about $1 million in pandemic assist could have been inaccurately documented or invested without having proper acceptance dependent on their evaluation of a sample of expenses.

Three human means and payroll staff members in the sample received bonuses totaling $23,000 devoid of board acceptance or documentation of further perform done, the audit uncovered. Quite a few other employees out of the random sample of 60 had been found to have obtained bonuses they ended up not suitable for or for which there was no documentation.

ExploreReport: Fired superintendent not to blame for employing, pay out issues

These problems could consequence in “unnecessary economical strains and shortages” for the district, the report stated, if federal or condition education and learning officials were to check with the district to return some of the money.

District officers informed auditors that they misunderstood “ambiguous” early guidance about how to shell out the money. The investigation commissioned by board users, which spanned a comparable time body, concluded that workers have been not pursuing district procedures when it arrived to disbursing bonuses.

Auditors also reviewed staff payment and found that the district could not present documentation to guidance the decades of working experience additional than two dozen workers were being currently being paid out for. Other employees received bonuses they did not qualify for or ended up paid out previously mentioned their fork out scale. And about 150 workforce utilised or accrued additional family vacation time than they were permitted.

The district blamed these challenges on a absence of managerial oversight in the human assets and payroll departments and a failure to preserve documentation relating to personnel fork out.

In a reaction to auditors, district officials famous that its interim main of human means, who was in position when these troubles had been found, has been moved to a new position. There was no interim HR chief outlined on the district’s web-site at the time of publication.

And finally, auditors observed that a lingering changeover to a new monetary management procedure boosts the district’s chance of squandered cash and accounting errors, and puts an enhanced burden on staff. The conversion to a new process began in September 2019.

Board customers questioned Watson-Harris about this transition in February. She stated her team was getting the troubles “extremely seriously,” but observed that the complications predated her administration.

“Without powerful controls above a one accounting program, the Faculty District will increase its hazard of not detecting glitches or omissions in its accounting and HR/payroll details,” the audit explained.

District officials advised auditors they assume to change to the new technique by March 2023.

ExploreDeKalb County Faculties: Our modern protection

Posted on

FTC Shuts Down Credit Repair Pyramid Scheme Financial Education Services, Which Bilked More Than $213 Million from Consumers

FTC Shuts Down Credit Repair Pyramid Scheme Financial Education Services, Which Bilked More Than $213 Million from Consumers

The Federal Trade Commission has taken action against Economic Education Providers and its entrepreneurs, Parimal Naik, Michael Toloff, Christopher Toloff and Gerald Thompson, as well as a amount of associated businesses, for scamming individuals out of far more than $213 million.

In response to a complaint submitted by the FTC, a federal court has temporarily shut down the sprawling bogus credit history mend plan. The FTC’s complaint alleges that the corporation preys on customers with lower credit score scores by luring them in with the phony assure of an straightforward take care of and then recruiting them to be part of a pyramid scheme selling the similar worthless credit history repair service expert services to other individuals. 

“These defendants gathered hundreds of thousands in junk charges as element of a pyramid plan that peddled phony credit rating maintenance products and solutions,” reported Samuel Levine, Director of the FTC’s Bureau of Buyer Safety. “We are delighted that the courtroom shut down this procedure and froze its property, and we will go on to pursue companies that prey on families’ economic agony.”

In accordance to the FTC’s criticism, Michigan-dependent Economic Education and learning Expert services, also performing organization as United Wealth Products and services, has operated its scheme since at least 2015. The corporation statements to provide buyers the potential to clear away destructive data from credit rating experiences and improve credit rating scores by hundreds of points, charging as a great deal as $89 for each month for their expert services. Their tactics, in accordance to the grievance, are seldom successful and in numerous occasions damage consumer’s credit rating scores.

The FTC’s investigation identified that the company’s plan combines charging individuals for these worthless credit fix providers with a challenging promote to be part of a pyramid scheme that consists of offering the worthless companies to additional shoppers. The grievance alleges that the company’s techniques violate the FTC Act, the Credit Repair service Organizations Act, and the Telemarketing Income Rule. Especially, the company alleges that the defendants:

  • Deceived shoppers about credit rating repair service: Economical Instruction Services takes advantage of social media, telemarketing, bogus “testimonials, and a network of product sales brokers throughout the place to deceive people, falsely promising in English and Spanish that they can remove damaging information from credit history studies and raise credit scores. The criticism alleges that the enterprise has often basically sent consumers sort letters to mail to credit score bureaus that did not final result in the promised adjustments.
  • Sold ineffective hire payment solutions: The company also sells an extra solution that supposedly sends rent payment facts to credit bureaus, but the complaint notes that this data is not normally part of consumers’ credit score scores and numerous credit bureaus really do not acknowledge this kind of facts straight from shoppers
  • Billed individuals upfront for credit rating fix: The firm expenses individuals upfront for credit score maintenance products and services, which is unlawful. The grievance alleges that consumers are charged $99 upfront, and then spend a recurring every month payment as significant as $89 for the ineffective providers. The corporation also consistently fails to provide shoppers crucial facts expected by legislation, including refund and cancellation guidelines.
  • Operated a pyramid scheme: The business also encourages customers to come to be Financial Schooling Providers “agents” on their own, marketing the company’s companies to other consumers. Agents make outlandish money statements that individuals can make more than $1,000 weekly in the scheme and earn bonuses of tens of thousands of pounds. The complaint also alleges that customers should pay back hundreds of pounds to be part of the plan and pay out for the company’s bogus credit history repair companies every thirty day period, even if they really don’t require them. The compensation composition for the scheme has hallmarks of a pyramid scheme, with escalating degrees of compensation and titles primarily based on the amount of associates recruited, and an emphasis on the worth of recruiting new associates. Few, if any, people make the income promised, and many customers drop revenue as brokers.

The grievance alleges that the organization also illegally applied false data in the method of offering their credit rating maintenance and expenditure prospects to get consumers’ banking and other economic facts.

The Fee vote authorizing the workers to file the grievance and request for temporary restraining get was 4-. The criticism was filed in the U.S. District Court docket for the Japanese District of Michigan.

The FTC appreciates the support of the Georgia Business office of the Legal professional General Purchaser Protection Division in bringing this case.

Notice: The Commission information a complaint when it has “reason to believe” that the named defendants are violating or are about to violate the law and it seems to the Commission that a proceeding is in the public interest. The situation will be made a decision by the court.

Posted on

Suiter: Self-education helps consumers avoid financial pitfalls | Other Opinions

Suiter: Self-education helps consumers avoid financial pitfalls | Other Opinions

Envision that you hopped into your auto to drive to the Land of Wealth and Happiness, apart from your car or truck does not have a steering wheel, the windshield is included with mud and you’re truly sitting down in the again seat. Which is akin to where by lots of individuals are these days on the street of money capacity.

Investigation exhibits that a lot of people today know small about taking care of their cash, according to a 2016 report on fiscal understanding in the Journal of Buyer Affairs. Only 35{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of individuals in Missouri and Illinois can appropriately solution four or 5 simple economical knowledge quiz issues, in accordance to the Economical Sector Regulatory Authority’s research on national fiscal capability. In both of those states, about a fifth of respondents reported that their residence put in much more than their cash flow in the previous yr, and much less than 50 {ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} stated they experienced a rainy working day fund, the regulatory authority survey also discovered.

The awareness and wealth deficits are at times more pronounced for females, the Journal of Shopper Affairs examine confirmed, in part because many have added fiscal needs or work and earning gaps owing to caring for youngsters. Divorce is a further obstacle that lessens women’s wealth.

People today are also reading…

When you variable in that gals dwell lengthier, they will thus have to have more money to retire, nonetheless on regular they make 82 cents per greenback compared with guys, in accordance to a St. Louis Fed analysis. So the financial upcoming is cloudy for some women.

To complicate matters, women of coloration on regular have considerably significantly less prosperity than white adult males and ladies alike, the St. Louis Fed investigation finds. This indicates that even if females of color invest at the exact price as their white counterparts, they are investing fewer because they gain a lot less, further more putting their golden yrs at possibility of turning into doldrum several years.

When females actively control their funds, they have a tendency to have decreased chance tolerance when creating monetary choices these as about investing, according to a 1997 study by scientists at Colorado State College. A 2014 survey by BlackRock Inc. confirmed that only 41{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of women of all ages respondents felt well-informed about investing and 53{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} had started saving for retirement.

Though getting conservative with financial investment selections is not unwarranted, if ladies are extremely cautious, they operate the danger of acquiring as well little discounts for retirement and depleting their cash about their frequently for a longer period lifespans.

Divorce can even further exacerbate the dilemma of decreased personal savings and prosperity stages for girls. In comparison with divorced guys, divorced gals have disproportionately greater losses in home cash flow. That places them at bigger threat for residing in poverty, notably if they have small children to assist, in accordance to a 2018 study in Demography.

“Gray divorce,” when partners age 50 or older split up, are especially tough on women’s prosperity, dropping their common of dwelling by 45{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}, versus only 21{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} for gentlemen, according to a 2020 research in the Journals of Gerontology.

This facts clearly indicates that women of all ages could reward from private finance education, and latest investigate from the Global Monetary Literacy Heart exhibits that improved fiscal behaviors are linked with broader fiscal expertise. Greater and more education and learning would offer a foundation for females that would allow for them to achieve a greater degree of economic very well-remaining, include to their self-self-assurance, and enable them to acquire actions vital for developing wealth.

Although additional money training may possibly not solve race, wage and wealth gaps, it can enable men and women make the very best use of what they get paid and encourage a lot more money steadiness. The St. Louis Fed has absolutely free on the internet economic and individual finance sources in English and Spanish for youngsters and adults. They are accessible at stlouisfed.org/education.

Everybody need to master the basic principles of own finance:

• How to produce a budget and build an crisis fund

• What a credit score report is and how to handle it

• How to use credit rating playing cards responsibly

• How to conserve and spend for retirement

• How considerably to help you save for significant purchases this kind of as a residence or college or university tuition

Why not start now? Everyone’s future is dependent on it.

Mary Suiter is an economic education officer at the Federal Reserve Financial institution of St. Louis. The sights expressed are individuals of the creator and do not always reflect official positions of the Federal Reserve Bank of St. Louis or the Federal Reserve Program.

Posted on

Protect your VA benefits and access free credit or financial counseling with VBBP 2.0

Protect your VA benefits and access free credit or financial counseling with VBBP 2.0

In February 2022, VA expanded the Veterans Benefits Banking Plan (VBBP) to present extra solutions to Veterans. The system now involves credit rating counseling, money education, and money counseling possibilities. This expansion, identified as VBBP 2., addresses the exclusive financial troubles Veterans confront and presents them a route toward monetary wellness.

Fiscal or credit rating counseling

The Countrywide Basis for Credit score Counseling (NFCC) and the Affiliation for Money Counseling and Organizing Education (AFCPE) supply VBBP members a person absolutely free consultation with a credit rating or monetary counselor. An NFCC-licensed credit counselor could be the greatest in good shape for all those who want to get out of financial debt, prevent foreclosures or qualify for a very first-time household obtain. An AFCPE-accredited financial counselor can aid you generate a personalized funds, investing strategy or price savings prepare.

VBBP also consists of VetCents, which is a monetary instruction software developed for Veterans and their loved ones members to find out extra about dollars administration, crisis personal savings, and being familiar with credit history. For a lot more information and to get commenced with VetCents right now, take a look at vetcents.org.

If you acquire VA advantage payments by way of a pre-paid out debit card or paper check out, there’s also an a lot easier, safer and much more responsible way to obtain them. With VBBP 2., your gains can be deposited directly into an account you open with a participating fiscal institution. Direct deposit allows the advantages you have earned to immediately arrive in your financial institution account – on time, each individual time.

Benefits of banking with VBBP

VA and AMBA teamed up to produce VBBP, which offers a prolonged record of banking institutions and credit history unions to select from, providing Veterans access to monetary tips and instructional courses supplied by establishments that realize their exceptional requirements.

Partnering institutions

Taking part financial institutions contain massive and smaller countrywide and point out-chartered areas, which all are insured by the Federal Deposit Insurance policies Corporation.

Credit union membership conditions may differ by institution, which Veterans have to meet ahead of starting to be users. Some institutions could also cost a smaller membership price to be part of as nicely. All collaborating credit score unions are insured by the Nationwide Credit Union Administration.

Come across the financial institution or credit score union that is suitable for you!

For much more information

If you now have a financial institution account and would like to have your federal rewards electronically deposited, you can simply call VA at 1-800-827-1000 and offer your account facts or visit va.gov/alter-direct-deposit/.

To find out far more about VBBP and how to begin banking take a look at advantages.va.gov/benefits/banking.asp.

Posted on

Your Funds: Focus on tomorrow’s goals, not today’s financial pains | Business News

Your Funds: Focus on tomorrow’s goals, not today’s financial pains | Business News

If you required to justify any financial commitment moves your intellect is considering proper now, you had no difficulty obtaining confirmations and explanations for practically anything at the Morningstar Financial commitment Conference earlier this month.

Amongst the messages that may possibly have sent your head spinning at the venerable investment decision forum, which has been bringing expense execs (and me far too) to Chicago considering the fact that the mid-1990s, were these chestnuts:

“Buy only domestic businesses.” “Focus fully on mega-caps.” “Don’t play about with your portfolio right now stand pat.” “Bond yields are up and bonds are a risk-free haven once again.” “Put a slug of your portfolio in cryptocurrency.” “Use dividend-paying out stocks — rather than bonds — to make earnings.” “Dividends are desirable in the U.S.” “The best bargains in the globe are in foreign markets.” “The rally in small-cap shares is about to commence.” “Bonds can not retain speed with inflation, they’re risky now.” “Dividends are additional interesting in emerging marketplaces.” “This is a superior time to do housekeeping on your portfolio.“ “Cryptocurrency is not a serious asset.

People are also reading…

Just about every professional statement seemingly experienced an equivalent and opposite counter.

It felt like the outdated British comedy sketch about investing in the time of the fantastic financial crisis, which was summed up this way: “Market participants really don’t know regardless of whether to purchase on the rumor and offer on the information, do the reverse, do equally or do neither depending on which way the wind is blowing.”

There was a concept concealed amidst all those sound bites at Morningstar, nevertheless, and it goes like this:

You are not seeking for “the one particular appropriate way to invest,” you’re instead attempting to locate the way that is suitable for you.

“Right for you” has several permutations and problems. It generally — but not normally — avoids the excesses, as you need to stay with and settle for the success and the effects of your choices.

But it performs out in pretty useful means at an party like Morningstar.

If international marketplaces make you nervous, for instance, there was David Giroux, manager of the T. Rowe Selling price Cash Appreciation (complete disclosure: I am a longtime investor in the fund), indicating there is no price to owning global stocks, investing in emerging markets and proudly owning just about anything but investing in U.S. equities.

He designed a powerful scenario, noting that multinational providers headquartered in The us nonetheless get a large chunk of their revenues from intercontinental functions and product sales he prefers to get his international publicity that way, and an “America-Abroad strategy” of getting U.S. stocks with major foreign working units has extended been a well-known option.

But David Lubchenco of the Chautauqua Intercontinental Progress Fund — in 1 of lots of interviews from the conference that aired on my podcast “Money Everyday living with Chuck Jaffe” — countered that traders have a great deal of reason to set revenue to operate internationally, most notably that the diversification gains of investing globally are quickly evident, in particular in troubling times like now.

A basic comparison of domestic indexes with worldwide indexes that exclude domestic stocks exhibits that marketplaces operate in cycles. Lubchenco states that whilst domestic shares have led the way for the very last decade, he does not feel they are most likely to direct for the coming 10 yrs.

There is also the easy attraction of “owning the most effective [companies/bargains/values] in the earth.”

Every single other argument I heard at the conference could be part of a similar two-sided conversation, with followers and detractors.

What I listened to from persons both of those in attendance at the Morningstar meeting and from the audience to my show is, “Who’s ideal?”

In the long run, we won’t know that for decades, and that winner will depend on how we are pinpointing the contest. (Greatest complete performance? Most dependable returns? Most effective final results modified for dangers taken? Did you reach your goals subsequent the approach?)

Fairly than seeking for the winner, glance as an alternative for the suitable strategy for you, the 1 that allows you snooze at night time self-confident that you are effectively invested, experience out present activities and disorders, and has a superior diploma of chance that you accomplish your financial plans.

It’s in all probability not heading to be an all-or-almost nothing strategy, but it also does not have to be a kitchen area-sink, possess-all the things diversification deal.

I left Morningstar’s investment meeting this 12 months wondering how present-day economic conditions and the plenty of expense thoughts introduced there — but also in the each day fiscal media proper now — could go away investors susceptible to generating moves based mostly on what is happening now without the need of regard for how it might impact their lengthy-expression results.

The idea at the rear of investing is not to prevent today’s pains so significantly as to achieve tomorrow’s aims.

If the headlines and your account statements are unnerving, give a fantastic considered as to how you may well adjust your portfolio, your investments and your frame of mind.

Remember that there will be a person on the other aspect of your trades, and that they disagree with you (or they wouldn’t be acquiring what you promote or providing what you are heading for). If it feels like factors are spinning, sluggish down really do not be frightened to do practically nothing right until the experience passes.

Get worried much less about the selection on the account statements and extra about acquiring a method that you can dwell with as it carries you earlier the intention line. Your approach is the ideal one particular, so long as it will get you there.

Chuck Jaffe is a nationally syndicated financial columnist and the host of “Money Everyday living With Chuck Jaffe.” You can achieve him at itschuckjaffe@gmail.com and tune in at moneylifeshow.com.