Blog — Jill on Money

Wage Gains are Coming

The U.S. economy is experiencing “a particularly bright moment,” according to Federal Reserve Chairman Jerome Powell, which is why Fed officials increased interest rates by a quarter of a percentage point to a new range of 2 to 2.25 percent and are likely to hike one more time by the end of the year. The strength is likely to persist into next year. According to the central bank’s “dot plot,” which is intended to forecast future actions, there will be four rate hikes by the end of 2019.

BlogMark TalercioSeptember 28, 2018Jill Schlesinger, Jill on Money, Jerome Powell, Federal Reserve, Fed, wage growth, China, tariff, tariffs

Financial Planning for All

Are you celebrating the upcoming World Financial Planning Day by creating a financial plan? I’m guessing that the answer is no, because according to the 2018 Charles Schwab Modern Wealth Index, about a quarter of Americans have a written financial plan. That’s too bad because having one “can lead to better daily money behaviors.”

BlogMark TalercioSeptember 28, 2018Jill on Money, Jill Schlesinger, CPA, CFP, retire, retirement, retirement plan, Vanguard, Betterment, Schwab, Wealthfront

Stock Investors Brush Off Tariffs

After the Trump Administration announced that it would impose 10 percent tariffs on another $200 billion worth of Chinese goods, starting Monday September 24 – and then the Chinese said they would retaliate with 5-10 percent tariffs on $60 billion of U.S. goods, the stock market rallied…and then kept on going up, throughout the week. The proximate rationale for the bump was that tariff levels were lower than expected and on the U.S. side, excluded a number of consumer-friendly goods, like iPhones, smart watches and sneakers.

BlogMark TalercioSeptember 22, 2018Jill Schlesinger, Jill on Money, Trump, China, trade war, trade wars, tariff, tariffs, economy, economics, Chinese

Avoid These 5 Financial Pitfalls

Fall will officially start on September 22nd, which means that you may have already seen Halloween candy displayed along the aisles of your local grocery or drug store. It also means that the kids are back to school and you can now redirect your attention back to your money issues, before the onslaught of the holiday season sucks you in. To help, here are 5 Financial Pitfalls to avoid before the end of the year.

BlogMark TalercioSeptember 19, 2018Jill Schlesinger, Jill on Money, FAFSA, IRS, tax, taxes, retire, retirement, open enrollment, CPA, CFA, CFP

Financial Crisis Anniversary 10 Lessons

The traditional anniversary gift for a tenth anniversary is tin or aluminum, so to honor the milestone of ten years since the financial crisis, let’s make a pinky swear and vow not to turn a tin ear to what happened and learn some important lessons.

Life Insurance is Now Easier to Buy

Here some good news amid Life Insurance Awareness Month: Technology has vastly improved the process of applying for and securing a policy. That should be helpful for the approximately 50 million households who say they need more life insurance. In fact, 40 percent of those surveyed in the 2018 Insurance Barometer Study (conducted by Life Happens and LIMRA) do not know how much coverage they need and what type of life insurance to buy.

BlogMark TalercioSeptember 9, 2018Jill on Money, Jill Schlesinger, life insurance, insurance, term life insurance, #LIAM18

Solid Job Growth for Now…Despite Tariffs

So far, tariffs and trade conflicts have not negatively impacted the labor market. The economy added a solid 201,000 jobs in August and with revisions to the previous two months (down 50K), employers have added an average 207,000 a month to payrolls this year, quite a feat, considering that we are in the tenth year of the expansion.

BlogMark TalercioSeptember 8, 2018Jill Schlesinger, Jill on Money, economy, economics, Trump, tariff, tariffs, China, unemployment, Bitcoin, Ethereum, Ripple, Litecoin

Identity Theft Prevention One Year after Equifax

It has been one year since credit monitoring company Equifax announced that a “Cybersecurity Incident” had exposed names, Social Security numbers, birth dates, addresses and, in some cases, driver’s license and credit card numbers, from nearly 148 million Americans, which means that it’s time for an identity theft prevention check in.

Back to School Loans

While many were kicking back during the last unofficial week of the summer, one of the most interesting bits of news that fell below the radar was the resignation announcement from Seth Frotman, the student loan ombudsman at the Consumer Financial Protection Bureau. It may seem a little inside baseball, but as reported in the New York Times, Frotman said in his resignation letter that "millions of borrowers had been harmed" by ‘sweeping changes’ at the bureau under Mick Mulvaney, President Trump’s budget director, who became the bureau’s acting director in November.

BlogMark TalercioSeptember 3, 2018student loans, student loan, college debt, Jill Schlesinger, Jill on Money, CFPB, NAFTA, Trump

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