Will and Mandy are in their early 50s and they have a freshman and a sophomore in college. They hope to get through the college years without taking on any debt, all while setting up their retirement — which they hope is around age 60 or 62 — with never becoming a financial burden their children.

We want to ensure we can continue to maintain the lifestyle which we have created while also being prepared for retirement, Will says. And we want to have the resources to assist our children as needed and be prepared for any emergencies which might occur.

One of their challenges is that their risk tolerance is on opposite ends of the dial.

Mandy is extremely conservative...

Veteran personal finance journalist Robert Powell answers your questions for USA WEEKEND.

If you have both a Roth IRA and an employer-sponsored 401(k) plan, what is the maximum, combined contribution you can make per year to both?

– James Long, Nashville, Tenn.

Youre in luck. Participation in a company plan, such as a 401(k) and contributing to a Roth IRA have no effect on one another, says Jeffrey Levine, a certified public accountant and IRA Technical Consultant with Ed Slott and Co., a Rockville Centre, NY-based firm that provides retirement plan education to advisers.

So this year, if a person makes...

LAKEWOOD – Thousands of township children are attending classes inside dilapidated public school buildings with leaky roofs and faulty heating systems that are often inadequate during the winter.

School district officials want the public to give them the authority to borrow nearly $34.7 million to repair the problems and to refinance a previous bond.

But the request for more money in the September 30 referendum comes after a series of audits released this year have found ample examples of financial mismanagement in the district.

Lakewood officials argue that after implementing reforms prompted by the state Department of Education placing a monitor to oversee the administration’s...

Interest is quite possibly the most complex bit of math that the average person has to use everyday. Like the Force, it can be used for good, for evil, and it binds the galaxy together.

When interest works for you, it can make you a ton of money. When it works against you, it can cost you big. But you need to know how it works to take advantage. Fortunately, we can explain both cases.

Simple interest is what many savings accounts use to help you earn a bit of money in exchange for storing what you have with the bank. With simple interest, if you put $1,000 in an account, with a 1% interest rate, youll get $10 back. Easy, right? Most ways you encounter interest...

demand is high and homes tend to sell fairly quickly. Given the choice, most owners would rather sell the home quickly and be done with it.

How to Find a Rent-to-Own Deal: You can sometimes put together a rent-to-own arrangement by making an offer on a home listed for a conventional sale, but youll more often find them advertised as such by owners whove decided to go that route. Some companies even specialize in marketing rent-to-own properties. One such company is RentMACK, a leasing agency that manages about 1,200 single-family homes in the Chicago area.

We make all of our homes available rent-to-own, said Fermin Saucedo, RentMACKs director of leasing. We think it creates a real...

Experian conducts analysis with Credit Builders Alliance and confirms value of credit building to the financially vulnerable

“Credit invisibles” among those helped by Credit Builders Alliance to build strong credit and financial access in order to grow their business and personal assets
September 16, 2014: 09:30 AM ET

COSTA MESA, Calif., Sept. 16, 2014 /PRNewswire/ — Experian®, the leading global information services company, today announced the results of an analysis confirming that building a credit history is beneficial to financially marginalized communities. In partnership...

Chinas long-term economic growth since reform began is largely the result of the emergence of a dynamic private sector. The de facto privatization of agriculture early in the reform period, via contracting to households and allowing the reemergence of rural markets, led to an unprecedented acceleration of farm output in the first half of the 1980s. In the 1990s and 2000s, private industrial firms became the major driver of economic growth. These firms expanded so rapidly that the share of industrial output produced by state firms fell from four-fifths in 1978 to less than one-quarter by last year. Even after 2008, when many have charged that there was a resurgence in the role of state firms,...