Hudson’s Bay Co. mulling sale of Lord & Taylor
HBC shut Home Outfitters and looking at other alternatives in drive for profitability Hudson’s Bay Co. says it’s pursuing strategic alternatives for its Lord & Taylor business, including a possible sale or merger. HBC says Lord & Taylor had $1.4 billion in annual revenue in 2018. The Lord & Taylor chain has more than 40 […]
Air Canada reports surprising 1st quarter profit despite 737 Max groundings
Simulator training could lead to swifter resumption of Max service when the grounding ends Air Canada topped expectations in its latest quarter, but said Monday the Boeing 737 Max grounding and political tensions between Canada and China weighed on its results. “The impact on our unit cost is expected to increase the longer the grounding […]
How Banks Analyze Your Lifestyle To Make Finance Personal
Modern banks sit on treasure troves of data and can access even more from readily available public sources. Yet the question remains: What’s the most valuable way to use it? At U.S. Bank, this resource fuels what’s always been — and continues to be — a top priority: serving customers in their preferred way, to […]
Personal Budgeting May Be The Worst Way To Manage Your Money. Here’s Why
Let’s be brutally honest on this one. Budgets simply don’t work for most people. Here are six reasons budgets don’t work in the real world. Budgets suck. They’re not fun to live with. And so most people don’t. Budgets take time. And you’re too busy to create one, much less stay on one. Budgets are […]
OMHS Students To Participate In Personal Finance Challenge
SHELBY COUNTY, AL – A team from Oak Mountain High School is competing in the national championships this Friday in the Council for Economic Education’s 10th Annual National Personal Finance Challenge. The Oak Mountain state championship team will square off against 19 other teams from around the United States. The competition, held at at the […]
Budgets are ‘pointless,’ one financial coach says—here’s what to do with your money instead
Want to save more money? The go-to solution, according to many financial experts, is to create a budget and cut down on your expenses. But personal finance coach Ramit Sethi says budgets don’t work for most people. ”‘Create a budget!’ is the sort of worthless advice that personal finance pundits feel good about prescribing, yet […]
4 Estate Planning Myths that Refuse to Die
Estate planning remains one of the most misunderstood areas of planning. Over the years, I’ve met with people who “only needed a financial plan, not an estate plan” or “didn’t need a financial plan, just some help with estate planning.” I’ve also met with people who labeled themselves too young (or too old) to engage […]
Want to be a 401(k) millionaire? Here’s what it takes
Maybe you won’t hit an actual million in retirement savings. But if you change your strategies now, it’s definitely possible to double or triple the size of your retirement account. It all depends on how much you learn and how much you invest. You can take 100 people who are the exact same age and […]
Good News For People Worried About Retirement
If you’re concerned about saving enough money for retirement, you’re not alone. One in five Americans has no retirement savings at all, according to a survey from Northwestern Mutual, and one-third of baby boomers have $25,000 or less stashed away. But while most of the news surrounding workers’ retirement savings seems all doom and gloom, […]
Is $1 million enough to retire?
At the end of the fourth quarter of 2018, Fidelity Investments reported that 133,800 of the retirement accounts it manages had a balance of $1 million or more. That’s only a small percentage of the company’s accounts, but the number of 401(k) millionaires has been rising steadily, and these savers are often seen as role […]