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Believing these Social Security myths could make you poorer in retirement

Believing these Social Security myths could make you poorer in retirement

Finance
If you're like many retirees, your Social Security checks will account for a large portion of your retirement income. But how well you understand the ins and outs of these benefits could make a big difference in how much you receive over your lifetime. To that point, 69 percent of baby boomers — a generation of individuals who are either in or approaching retirement — expect Social Security to be a "major" source of retirement income, according to a recent report from the Insured Retirement Institute. ...
Forget Summer Fridays. These companies offer cool summer perks

Forget Summer Fridays. These companies offer cool summer perks

Finance
Another strong jobs report. Here's why unemployment went up Summer Fridays are nothing new. And in a tight job market where employers are struggling to find workers, companies are getting more creative with the seasonal perks they offer in order to stand out from their competitors. Around 72% of companies that increased benefits cited worker retention as the reason, while 58% wanted to attract new talent, according to the 2018 employee benefits survey from the Society for Human Resource Management. "Every single person we make an offer to has another offer," said Michelle Wagner, senior vice president of people operations at Evernote. "People really care about how and where they work — that matters to them. That puts more pressure on us to hire well and create ...
Domestic mutual funds are selling these smallcaps and midcaps in hordes. Check out why

Domestic mutual funds are selling these smallcaps and midcaps in hordes. Check out why

Finance
NEW DELHI: And you thought midcaps and smallcaps have been under pressure over the past three months because of the Sebi reclassification, requiring mutual funds to rejig their portfolios? Mutual fund houses across the board exited several midcap and smallcap stocks over the past three months. As such, while the largecap equity indices have shown signs of stabilising in recent weeks, midcaps and smallcaps continued to be in turmoil. In fact, these stocks continued to bear the brunt of the selloff in market. Data showed BSE midcap and smallcap indices were up 50-55 per cent in last three years, but are down 10-12 per cent year-to-date. BSE smallcap and midcap indices fell 6 per cent each in May. Some analysts say there has been a structural shift among institutional and individual investors...
Minimize your student debt by applying to these three colleges

Minimize your student debt by applying to these three colleges

Finance
When it comes to choosing a college and minimizing debt, forget prestige: Grant and merit aid are the way to go.A recent study by the National Association of College and University Business Officers showed that private non-profit schools are offering incoming freshmen an average tuition discount of 49.9 percent. These tuition and fee discounts — which are grant awards — allow colleges to retain or attract students who can't or won't pay the full sticker price for their education.For perspective, the average published tuition and fees at a private non-profit college was $ 37,040 during the 2017-2018 school year.The association looked at 404 private colleges and universities.Being a good student also pays.Three out of four undergraduate students received merit aid during their f...