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Straight talk from the money editor
When disaster strikes, people count on insurance to bail them out. There are, however, some unplanned expenses that are not covered and those can set you into a financial tailspin. That's why it's essential to have an emergency fund. Personal finance experts say, on average, you need to have about six months' worth of living expenses in the bank for those rainy days.
Remember this: That emergency fund needs to be set aside specifically for the unexpected things life throws your way. It's not to be used to buy a new car, to get that new set of golf clubs or to take that European vacation you have dreamed about. Last week we asked which organization protects you against stock losses. Happily, 85% knew that no group can make that claim. For more cool stuff like this, please follow me on Twitter @jimpavia. |
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About 57 million Americans have no emergency savings
For many Americans, an unplanned expense could set them in a tailspin. And those that will likely need cash the most are the least prepared. |
Starting a new job? Don't forget your 401(k) at your old one
Rianka Dorsainvil, financial advisor to the millennial set, explores all the 401(k) options available to savers when changing jobs. |
U.S. workers gave up 206 million vacation days in 2016
Last year alone, over 200 million vacation days were forfeited. Make sure you claim yours. |
Why now might be the right time to look at hedge funds
The recent past has been great for long-only risk assets, but hedge funds can provide several unique advantages for investors, including diversification. |
A portfolio diversifier now that Fed's raised rates
REITs, investments in companies with real estate holdings often traded on major exchanges, historically perform well in rising rate environments. |
Fed: Low interest rates pose financial stability risks
Boston Fed President Eric Rosengren said on Tuesday that the era of low interest rates in the United States and elsewhere poses financial stability risks and that central bankers must factor such concerns into their decision-making. |
How Asia is drinking, and investing in, whiskey
Asian whiskey enthusiasts have bigger investment appetites than their Western counterparts, who are mostly collectors looking to grow an inventory. |
Co-living goes mainstream, but this is not roommate roulette
The same way that the car scene changed with Uber and NYC offices started going virtual, co-living is coming to a neighborhood near you. |
'It's actually a good thing'
"We're living through one of the most resilient times in the history of the U.S. stock market, in terms of our ability to process and shake off scary news ... " |
 | Sharon Epperson | |  | Josh Brown | |
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