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    1. This is the No. 1 state for retirees — and it’s not Florida

      This is the No. 1 state for retirees — and it’s not Florida

      It’s the land of enchantment — for retirees.

      Data released by United Van Lines — which tracked customers’ state-to-state migration patterns in 2018 — found that New Mexico was the No. 1 state where retirees moved. More than four in 10 (43%) moves to New Mexico were related to retirement, the moving company found, and nearly six in 10 people who moved to the state were between the ages of 55 and 74. This was the first time New Mexico landed in the No. 1 spot.

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    2. Why aren’t Americans saving? They just haven’t gotten around to it, survey shows

      Why aren’t Americans saving? They just haven’t gotten around to it, survey shows

      The economy may be improving, but apparently that doesn’t mean Americans are saving.

      Some 21% of working Americans say they aren’t saving any money at all, according to a new survey from the personal-finance website Bankrate. The company surveyed 1,000 people between Feb. 26 and March 3.

      Some 48% said they are saving some money, but no more than 10% of their income.

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    3. Why everybody’s face is still buried in their phones, in one eye-opening chart

      Why everybody’s face is still buried in their phones, in one eye-opening chart

      Apple released its long-awaited suite of Screen Time tools last year as part of a broader push in Silicon Valley to address growing concerns about how personal devices are engineered to be addictive.

      “I think it’s become clear to all of us that some of us are spending too much time on our devices, and we’ve tried to think through pretty deeply about how we can help that,” Apple AAPL, +1.12%  CEO Tim Cook said last June. “Honestly, we’ve never wanted people to overuse our products.’

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    4. Financial adviser stole ‘at least $65 million’ in 10-year crime spree, feds allege

      Financial adviser stole ‘at least $65 million’ in 10-year crime spree, feds allege

      Twelve years ago, Chicago banking tycoon Roger Weston sold his family bank and retired, at age 64, with a fortune of more than $200 million. He placed it in trust and moved to Naples, Fla.

      He probably had no idea what was going to happen next.

      According to federal charges filed this month by the U.S. attorney’s office in the Northern District of Illinois, Weston’s financial manager and long-standing accountant Sultan Issa allegedly used the money to go on an extraordinary 10-year crime spree, forging documents and stealing money. He may have plundered over $100 million from ...

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    5. How one investor used ESG principles to avoid being gored by the PG&E bankruptcy

      How one investor used ESG principles to avoid being gored by the PG&E bankruptcy

      Investors may find it hard to overlook the irony that PG&E Corp., a California utility that ranked high on environmental, social and governance investing scorecards, may be the first corporate bankruptcy linked to climate change.

      But one investor, Julie Gorte, senior vice president for sustainable investing at Pax World Funds, said PG&E’s spectacular fall not only underlined the dangers of simply ticking boxes when it comes to the environmental, social and governance, or ESG, investing criteria, it revealed an area of neglect for the popular investment trend: Investors aren’t fully considering the risks around climate-change adaptation ...

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    6. Nobel-winning economist Krugman warns that a U.S. recession looms in 2019

      Nobel-winning economist Krugman warns that a U.S. recession looms in 2019

      Nobel laureate Paul Krugman says he sees a good chance of a recession hitting the U.S. within a year.

      Speaking at a government summit in Dubai, the economist and highly read New York Times columnist said the likelihood of an economic slowdown hitting the U.S. was high due to sluggish growth already buffeting China and Europe. According to a CNBC, Krugman said that “there was a good chance that the U.S. will have a recession late this year” or by 2020.

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    7. This is the thing most likely to cause you financial ruin — but few prepare for it

      This is the thing most likely to cause you financial ruin — but few prepare for it

      More than two in three bankruptcies are caused by medical problems, either from bills, income loss due to illness, or both, according to new data in the American Journal of Public Health from more than 900 Americans who filed for personal bankruptcy between 2013 and 2016. Other surveys come to a similar conclusion, noting that medical issues are the No. 1 cause of bankruptcies https://www.cnbc.com/id/100840148.

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    8. What to do if your bank has an outage

      What to do if your bank has an outage

      Many Wells Fargo WFC, -0.89%   customers woke last week to find they couldn’t access their accounts — whether to get cash, pay bills or swipe a debit card for gas.

      The giant’s online banking and mobile apps experienced apparently widespread outages, and its automated systems and customer service representatives were unable to access detailed account information, according to an automated phone response.

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    9. How do people envision their last days on Earth? The answers may surprise you

      How do people envision their last days on Earth? The answers may surprise you

      Forget inheritances — many older Americans want to leave their loved ones with memories when they die.

      Almost seven in 10 Americans (69%) say they want to be remembered for the experiences and moments they shared with family and friends, followed by the quality of their marriages and then passions or hobbies, according to a study by Merrill Lynch and Age Wave.

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    10. Why you need a will now, even if you’re not ‘rich’

      Why you need a will now, even if you’re not ‘rich’

      Recent celebrity deaths (think Aretha Franklin, Billy Graham, Stephen Hawking and Margot Kidder) raise an important issue that many people just don’t want to think about: estate planning.

      Chances are you’ve spent plenty of time pondering how much money you’ll have available at retirement. But what have you done to plan for your estate? The sad truth is that most of us — some 70% of adult Americans — have neglected to write a will.

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    11. The ‘morally suspect’ way the government collects student loans during tax season

      The ‘morally suspect’ way the government collects student loans during tax season

      Three to four nights per week Denise Miner leaves the apartment she shares with her three adult children and one grandchild and spends an hour commuting to Long Island to cook, clean and perform other tasks for members of someone else’s family.

      Though Miner loves her work as a home health aide, it takes effort to stretch the money she earns from the job — about $38,000 a year — to cover her Brooklyn rent and expenses for her family.

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    12. Fidelity’s average retirement account balances dropped — the reason why may surprise you

      Fidelity’s average retirement account balances dropped — the reason why may surprise you

      Retirement account balances at Fidelity Investments dipped in the last three months of 2018, but investors weren’t to blame.

      The average 401(k) balance was $95,600 in the fourth quarter of last year, down from a record $106,500 in the third quarter of 2018. Market volatility was mostly the reason for the 10% drop in 401(k) balances, and not because savers were pulling their money out of their accounts. Balances, for the most part, just naturally decreased because of volatility, the company said.

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    13. Are you overpaying your financial adviser?

      Are you overpaying your financial adviser?

      Investment management can cost as little as 0.25% of a portfolio’s value each year. Yet many people still pay 1%, or even more, for financial advice.

      Whether they’re getting a good deal depends on exactly what they get in exchange. Spoiler alert: Many should be getting a lot more, or paying a lot less.

      Financial advice can encompass a lot of different services, which fall primarily into two camps:

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    14. The tipping point: When to use a tax professional instead of free software

      The tipping point: When to use a tax professional instead of free software

      This is the first year the Tax Cuts and Jobs Act will affect taxpayers’ returns, but the new tax law doesn’t mean they need to run to their nearest accountant.

      There’s a fine line between filing your own taxes and seeking a professional’s help. The wrong move could lead to an inaccurate return, a call from the Internal Revenue Service and extra fees. With so many changes this year — the TCJA was considered the largest overhaul of tax law in more than 30 years — taxpayers must be extra cautious.

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    15. My father promised that I could buy the family home — I looked after him for years, then he changed his mind

      My father promised that I could buy the family home — I looked after him for years, then he changed his mind

      I have lived in Florida for over 50 years, mostly in the same location. Over 15 years ago, I entered into a verbal agreement with my father. The agreement: If I stayed and took care of my mother and father, I would have first option to buy my parents’ house when they passed away. The house is very special to me as it is the only other home I have known. I currently live in the duplex next door to this house.

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    16. Beware, the IRS is looking for these red flags this tax season

      Beware, the IRS is looking for these red flags this tax season

      Filing taxes can be complicated, but a simple mistake or a slight exaggeration could warrant an audit from the Internal Revenue Service.

      Here’s how someone is chosen for an audit: An IRS software program may randomly select the taxpayer and compare the return to other similar returns to detect any anomalies, or the taxpayer in question may be linked to a family member or business partner who is being audited.

      Also see: The tipping point: When to use tax software instead of seeing a professional

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    17. Fight this behavioral impulse when picking your 401(k) investments

      Fight this behavioral impulse when picking your 401(k) investments

      The best piece of investment advice you might ever get is to re-sort the list of investment options for your 401(k).

      Right now the choices are probably listed alphabetically. Change to rank them by expense ratio. If you can’t do that, focus on that information as you scroll down the list.

      That’s because the order of the list makes a big difference in what you choose.

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    18. ‘We’ll never see that money back’ — how small business owners can recover from the shutdown

      ‘We’ll never see that money back’ — how small business owners can recover from the shutdown

      Small businesses are suffering from the partial government shutdown, but unlike most furloughed federal workers, they won’t get back any lost income when this ends.

      Bump ‘n Grind, a cafe located just a few blocks away from the National Oceanic and Atmospheric Administration office in Silver Spring, Md., has seen a 20% drop in revenue this past month, said the owner, David Fogel. Typically, about 15 to 20 NOAA employees stop by the shop every day, but the shutdown has furloughed them.

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    19. Rethinking your investment strategy? Here are some tactics to consider

      Rethinking your investment strategy? Here are some tactics to consider

      After a wild 2018, when the S&P 500 fell the most since the financial crisis, many people are re-evaluating their investment strategies.

      And that’s probably a good idea, especially as the current bull market could turn 10 years old this March. At NerdWallet, we generally recommend you don’t fuss too much with your retirement portfolio, opting instead for simple, low-cost strategies.

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    20. Dow logs around 300-point loss after global growth concerns take hold

      Stocks closed sharply lower on Tuesday, kicking off the holiday-truncated week with a loss, after fears over the global economy gained momentum. The S&P 500 SPX, -1.42% fell 1.4% to end around 2,633. The Dow Jones Industrial Average DJIA, -1.22% shed 299 points, or 1.2%, to end near 24,408, based on preliminary numbers. The Nasdaq Composite COMP, -1.91% slipped 1.9% to around 7,020.

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    21. My family took $60,000 from my late father’s bank account — and gave him morphine before he died

      My family took $60,000 from my late father’s bank account — and gave him morphine before he died

      My niece took $60,000 of my late father’s money after she got power while he was on morphine. He died two weeks later. My sister’s name was on his bank account and she took money out of the bank. My nephew’s wife was administering the morphine to him, apparently giving him too much so much that they couldn’t take him to the doctor, so she took him to the bank instead.

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    22. Flip the prenup into a financial planning tool

      Flip the prenup into a financial planning tool

      Instead of seeing it as a way to simply protect your assets in the unfortunate event of a divorce, consider treating it as a tool to build a long-term financial plan with your partner before entering into marriage. Couples marry later in life and many bring debt with them, so prenups aren’t solely for millionaires. Rather, they can be a way for couples to have an open and honest conversation and get on the same page financially.

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