Category: Retirement

Reading List for November 8-10

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Nov 08, 2019
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Financial Literacy, Entrepreneurship, Payment Types, Credit Cards, Investing, Cryptocurrencies, Retirement
Financial and Economic Literacy People don’t know as much as they think they know about money. (Kiplinger) Teens think economics is an important subject, yet they don’t grasp key concepts even after taking an economics class. Here are some suggestions for making the education more effective. (PRNewswire) The CEO and founder of Pliquit wrote an article for Forbes encouraging banks to step in and take advantage of Gen Z’s consumption of media to fill their financial literacy...

Reading List for November 1-3

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Nov 01, 2019
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Entrepreneurship, Economics, Investing, Credit Cards, Paying for College, Retirement, Financial Scams
Entrepreneurship  An excellent retrospective on the contributions of Peter Drucker on what would have been his 100th birthday. (INC) How does owning your own business or working in the gig economy impact how your kids will view the world of work and finances? (WAPO)   Economics Economics news this week included another Federal Reserve Rate cut. What does that mean for your credit card, mortgage, etc.? (USA Today) And the October Jobs report came out today. USA Today explains the...

Reading List for October 11-13

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Oct 11, 2019
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Behavioral Finance, Cryptocurrencies, Investing, Financial Scams, Career, Retirement
Behavioral Finance An interesting dive into gender and money: The Myth of the Frivolous Female Spender (NYT) FinTech A longer read from Knowledge@Wharton discussing how FinTech may be helping the underbanked and unbanked. The risk is that many of these services fly under any regulatory radar.   Crypto-currencies Mark Zuckerberg will face Congress to talk about Facebook’s proposed crypto-currency Libra. He will face a tough crowd, (Axios) and now several backers (Visa,...

Reading List for October 4-6

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Oct 04, 2019
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Financial Literacy, Economics, Investing, Insurance, Paying for College, Retirement
Financial Literacy Perhaps we need to solve the innumeracy problem in the US in order to make any significant gains in Financial Literacy. (WAPO) Even if we are successful in requiring every high school student to take a personal finance class, what do we do about all of those past high school who need the same knowledge? Some suggest the responsibility fall to employers. (Pensions and Investments) Read all about NGPF's own Yanely Espinal! (MarketWatch)   Economics US manufacturing...

Reading List for September 20-22

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Sep 20, 2019
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Current Events, Economics, Investing, Paying for College, Career, Retirement
Financial Literacy/Advocacy Here is a snapshot of the state of financial education in the US by none other than NGPF Fellows, Courtney Poquette and Kayla Bousom, along with NGPF co-founder Tim Ranzetta. (MarketWatch) Arizona State Treasurer discusses the importance of financial education. (Personal Finance curriculum is part of the economics course Arizona high school students must pass to graduate.) (USA Today-AZ Central) Employers are now filling the financial literacy gap with twice as many...

Reading List for Labor Day Weekend, 2019

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Aug 30, 2019
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Advocacy, Economics, Investing, Paying for College, Credit Cards, Retirement, Parent Conversations
The Labor Day reading list covers a range of topics, but starts off with two articles by folks well known in the FinLit community. Advocacy Annamaria Lusardi’s most recent article in Education Week discusses how transformative a personal finance class can be for a teenager, but warns that it only works if the teachers themselves are truly fluent in the content and comfortable delivering the information. Can’t disagree with that! A CNBC piece by Billy Hensley (NEFE) explains how...

Reading List for August 23-25

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Aug 23, 2019
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Advocacy, Economics, Investing, Retirement, Insurance, Parent Conversations, Paying for College
A variety of topics for your weekend reading ....   Financial Literacy/Advocacy As Kentucky enacted a law to make personal finance a graduation requirement for High School, three Universities, with support from banks, have taken on the task of providing training for the teachers. (NK Tribune)   Economics The world’s central bankers and top economists are gathered for the annual symposium put on by the Kansas City Fed in Jackson Hole, Wyoming. Fed Chair Jerome Powell addressed...

Reading List for August 16-18

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Aug 16, 2019
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Current Events, Parent Conversations, Paying for College, Investing, Economics, Retirement, Student Loans, Financial Scams, Insurance
As your former students or maybe your own children are heading off to college for the first time, here is some sage advice for them.   Having taught at a college for several years, and living amongst the students for even longer, I cannot agree more with the tips offered by a college professor in this MarketWatch article, like show up for class, turn off the phone, and go to office hours! I like the cartoons too!   And here is one for the parents. Once your child turns 18, their...

Reading List for August 9-11

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Aug 09, 2019
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Checking Accounts, Economics, Investing, Retirement, Career, Current Events
  Checking With mobile deposits, checks may be “deposited” more than once. Banks’ systems are not catching all duplicate deposits. This happened to an organization for which I am the Treasurer, and it can happen to you. (Cleveland Plain Dealer) This is potentially big news for folks living paycheck-to-paycheck. The Fed just announced that they will develop a public sector system for real-time payments (check clearing). (New York Times) Here is a British perspective on...

Question of the Day: When choosing from a list of 401(k) investment options, which tend to be chosen most frequently: those investments starting with the letter C, letter M or the letter Z?

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Jun 09, 2019
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Question of the Day, Investing, Retirement
Answer: The letter C Questions: Why do you think that investments with the letter C might be selected more frequently than the investments starting with the other letters?  What does your answer to the previous question say about human nature when it comes to challenging decisions with lots of options?  How can you overcome this alphabeticity bias?  Think of a decision that you recently made that had lots of choices (meals, career choices, colleges, classes to take). Describe...

Reading List for May 31-June 2

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May 31, 2019
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Investing, Credit Cards, Behavioral Finance, Budgeting, Research, Retirement
From 403(b) plans to goal setting to digital decluttering and graduation advice...enjoy these weekend reads with your favorite cup of joe:  Thinking that annuity in your 403(b) is gouging you? You are probably right (from Barrons): "Teachers’ 403(b) plans are sold directly to individuals, rather than to employers, so the interest of the salesman was coming first. “Imagine you’re a kindergarten teacher and they’ve given you a 400-page prospectus about variable...

QoD: What worries adults most when it comes to financial matters?

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May 21, 2019
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Question of the Day, Behavioral Finance, Retirement, Investing, Insurance
From Gallup: Questions: As you think about leaving high school, what would be your top money worry? How do you think your parents/guardians would answer a question like this?  What are steps that a person can take to reduce their worries when it comes to the first three items on the list? How much do you think these answers would change during a recession (we are currently in the midst of an ongoing economic expansion)?  Here's the ready-to-go slides for this Question of the Day...

Reading List for May 11-12

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May 10, 2019
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Investing, Stocks, Advocacy, Credit Cards, Mortgages, Retirement
  Investing We will start with Investing this week because this week's biggest news is today’s Uber’s IPO. Here is all you need to know about the one of the largest IPOs! (NYT) Uber was priced at $45/share--the “low end,” and keeping the valuation at $82B, well below the expected $100B. Looks like “low end” wasn’t low enough. Watching CNBC Squawk Box as the market was “building the book” before the first trade was fascinating as the...

Reading List for May 4-5

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May 03, 2019
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Economics, Paying for College, Insurance, Investing, Retirement, Current Events
Economics The jobs numbers were released today. 263,000 jobs were added and unemployment is now measured at 3.6%, a 49-year low. The NYT just published a primer explaining how this is measured. A second NYT article explains why it has taken so long for wages to rise in the recovery, and which sectors are experiencing the most wage growth.  Paying for college Apparently states in search of educated folks to fill jobs are offering assistance with student loan debt as a lure. (WSJ) We...

Reading List for a holiday weekend (April 20-21)

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Apr 19, 2019
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Financial Literacy, Career, Investing, Behavioral Finance, Payment Types, Retirement, Current Events
Financial Literacy NGPF is in this list of quality free curriculum (and training) for personal finance teachers—no excuse for not being prepared!(Marketwatch) Need some inspiration this weekend? Read this Marketwatch piece about Troy Murphy’s pursuit of spreading financial literacy. NGPF fellow Kerri Herrild’s Giving Project and Daniel LaSalle’s Philly Financial Cooperative are the beneficiaries of Troy’s work. Then listen to the podcasts Tim has done with all...