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Vanguard Considering Private Equity for the very wealthy: report

Consumer / Home and Consumer News /

Vanguard is again considering jumping into the private equity realm, an alternative investment generally considered only for the very wealthy.

Vanguard has been in talks with HarbourVest Partners in Boston and Pantheon Ventures in London, plus at least one other firm, to give private market strategies to clients of its advisory services, ...Read more

Susan Tompor: Don't do your boss any favors buying gift cards — it's likely a scam

Consumer / Home and Consumer News /

We've had the "one ring" phone scam, the fake IRS phone calls, the scam that tricks you into thinking that your Social Security number has been connected to some car in Texas that was involved with running drugs across the border.

And now we have the "Can you do me a favor?" scam.

Sure, you're thinking "Hey, I know quite a few folks who ask ...Read more

Student loans were canceled? Great, but you are still on the hook for taxes.

Consumer / Home and Consumer News /

Good news: If you have private student loans from the now-defunct ITT Technical schools, your loans have been canceled.

Bad news: You may owe taxes, as the IRS views the loans as income.

Pennsylvania's attorney general last week announced a national settlement for more than $168 million in debt relief for 18,000 former students of ITT Tech. In...Read more

Everyday Cheapskate: 10 Ways to Save Money Eating Out at Restaurants

Consumer / Everyday Cheapskate /

"The average American household spends most of its money -- 62% of an average $56,000 in annual expenditures -- on just three things: housing, transportation, and food," says Business Insider. If you want to cut costs and save money, food is the place to start.

Reducing restaurant visits and increasing your home-cooked meals is a surefire way ...Read more

House Calls: Buying at 70

Consumer / Edith Lank /

Dear Edith: What do you think of an older person buying a house or a condo? I'll be 70 this year. I am single, and I have excellent credit. I've been looking for an apartment, and landlords seem to really jack up the prices, at lease this time of year. I pay $1,100 a month, so I think I can afford a mortgage. Thanks for your thoughts. -- M.

...Read more

Art of Design: Flipping Out

Consumer / Art of Design /

I tell you, one of these days, I am going to burst. Why does my housekeeper think she is an interior designer? As a matter of fact, as I reflect a bit on the past, most of my previous housekeepers have moved my whole house around. Why? I guess they all thought they were auditioning for Zoila Chavez's job on Bravo's "Flipping Out."

Every Friday ...Read more

Hot Property: Donald Trump wraps up some business in Beverly Hills

Consumer / Home and Consumer News /

LOS ANGELES -- President Donald Trump has visited California three times since entering the White House, but he'll have one fewer place to stay for the next trip. The Trump Organization has sold one of its last two properties in Los Angeles County, a Tudor-style home in Beverly Hills, for $13.5 million in an off-market sale.

The Trump ...Read more

Sen. Feinstein pens letter to Google after $1 billion housing announcement

Consumer / Home and Consumer News /

In the wake of Google's announcement this week that it will spend $1 billion tackling the Bay Area's housing crisis, one California lawmaker wants more information from the tech giant.

Longtime Sen. Dianne Feinstein sent a letter to Google CEO Sundar Pichai on Wednesday saying "any information you are able to provide about this investment is ...Read more

Real estate Q&A: How can I get out of condo contract?

Consumer / Home and Consumer News /

Q: Several years ago, I signed a contract to buy a new construction condo unit. I have made all the required deposits, and we are six months from closing. I found out I have to relocate for my job. What can I do? -- Don

A: Many things can happen between signing a contract for new construction in a development and closing time, often several ...Read more

Here's How: Avoid Design Errors When Building a Home

Consumer / Here's How /

Dear James: We are doing the basic design of our new house. We want to make sure it is perfect without design errors or minor oversights. What are the most common design errors we should be aware of? -- Jeanne M.

Dear Jeanne: It sounds as though you are doing things properly. Many people just rely on the builder for design advice. The builder ...Read more

Everyday Cheapskate: 13 Ways to Use Vinegar that Will Surprise You!

Consumer / Everyday Cheapskate /

It's cheap. It's available in every supermarket and home center in the universe. And it's so useful around your home you may have a difficult time believing it. That's the power of white vinegar -- the same vinegar you cook with and pour on your salad!

WINDOWS

Add 1/4 cup white vinegar to a quart of very warm water to make a good window ...Read more

Backyard tech for summer that will make your neighbors jealous

Consumer / Home and Consumer News /

Make the great outdoors even greater with cool gadgets to make life easier so you can further enjoy all of summer's awesomeness.

Yes, we know that you may get outside to get away from technology, but items like a Wi-Fi barbecue thermometer means you can check on dinner without having to step away from your guests. A robot lawnmower will quietly...Read more

Wells Fargo mistakes cost people their homes. It was just the start of their problems

Consumer / Home and Consumer News /

BURLINGTON, N.C. -- About nine years ago, a Burlington woman begged Wells Fargo to keep working with her to lower her mortgage payments. She had just lost her job, and the single mom was struggling to pay for the house she shared with her three kids.

Ultimately, the bank said no.

Her problems continued to mount. Choking back tears, Zsa Zsa ...Read more

Everyday Cheapskate: 5 Reasons to Give Kids an Allowance

Consumer / Everyday Cheapskate /

At the foundation of your children's financial intelligence should be this undeniable truth: It is not the amount of money you have but what you do with it that matters.

This is true for a child managing a $5-a-week allowance or a corporate executive with a $5,000-a-week salary.

For the better part of my life, I didn't know this truth. On the ...Read more

WeWork becomes largest office tenant in downtown Chicago

Consumer / Home and Consumer News /

CHICAGO -- WeWork has signed its 12th lease in Chicago, pushing its footprint to more than 1 million square feet and making the co-working giant the largest tenant leasing office space downtown.

The New York-based company's latest deal is for almost 92,000 square feet in a 20-story tower at 625 W. Adams St., where the company said it will move ...Read more

Everyday Cheapskate: Grow Your Own Food -- 1 Square Foot at a Time

Consumer / Everyday Cheapskate /

For years, I tried to grow a decent vegetable garden. It was the high cost of fresh basil -- $3.50 for a few measly, wilted fresh basil leaves, ditto for a pound of somewhat reddish tomatoes and mostly pink strawberries, that prompted me to try.

I started with tomatoes, basil and peppers -- a salsa garden! In no time, I added zucchini and ...Read more

We break down Vanguard's 'How America Saves' 2019 report

Consumer / Home and Consumer News /

Want some highlights of how Americans save for retirement? We read Vanguard's latest "How America Saves" 2019 report issued on Tuesday for trends and other takeaways.

Here are some key highlights from Vanguard's report on the popular workplace "defined contribution" (DC) retirement plans, those filled by matching contributions from the employee...Read more

Why Stanford may be more affordable than a lot of state universities

Consumer / Home and Consumer News /

Prestigious, selective, world-ranked are all ways to describe Stanford University. Add this to the list: bargain -- at least by some measures.

Students who graduated from Stanford with a bachelor's degree had the lowest debt burden in the Bay Area and the fourth lowest in California. The average Stanford student's total debt of almost $13,700 ...Read more

Susan Tompor: How a 25-year-old hairstylist drives a six-figure Mercedes

Consumer / Home and Consumer News /

Alex Pardoe, 25, is what some might dub the anti-millennial. Except, he's not really.

Much like others in their 20s or 30s, he's savvy about building a brand, marketing his talents and recognizing how to use Instagram and YouTube to turn a head and grab a headline.

He's just making a whole lot more money than you'd imagine for someone in a ...Read more

The Journey: How to unload your debt burden

Consumer / Home and Consumer News /

Americans' debt load has risen nearly 23% since 2013 -- despite record stock gains and low unemployment -- and that can't bode well for their future.

Household debt totaled almost $13.7 trillion in the first quarter, with credit cards, auto loans and home equity loans accounting for 18% of that figure, according to the New York Federal Reserve'...Read more

 

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