Your 20s are behind you and now you’ve got a spouse, kids and maybe even a home to show for it. Ideally, you’ve saved a bit for retirement, you have a debt repayment plan that works for you and you’ve been ramping up your savings over the years to accomplish your financial goals. You’re comfortable, or getting there at least, but you still want to make sure you’re not missing anything from your financial life. There’s still much more to learn. This is the third article in TwoCents’s latest series, What to Know About Money at Every Age. You can also read about what you should know before you’re 20 and how to manage your money in your 20s and 30s. Stay tuned for more tips for your 50s, 60s and beyond. Here’s what to know about money as you leave you enter into the second half of your career. Keep Investing in Yourself Statistically these are your peak earning years, but that doesn’t mean that you’re guaranteed to … [Read more...] about What to Know About Money in Your Late 30s and 40s
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Expense ratio. Prime rate. Amortization. As with technology, the finance world is filled with acronyms and terms that might sound alien to many people. So we’ve created a financial glossary for you that explains important yet often confusing money concepts. This isn’t a comprehensive list by any means. If you need to look up a peculiar financial term (such Investopedia’s term of the day, debt-service coverage ratio or DSCR), consult this impressively large online financial dictionary. But think of that as a resource, and this as a primer—the terms below are the ones most people will run into most often. You’ll need to know these when managing your money, investing, or simply having a conversation about finance. 401(k): A 401(k) is a type of retirement savings plan offered by many companies to their employees (about half of companies offer it). When you sign up for your employer’s 401(k) plan, you can deposit a portion of each paycheck, which gets … [Read more...] about The Most Important Financial Terms Everyone Should Know
Believe it or not, the Affordable Care Act is still in effect. Most people who don’t have coverage through work can buy a plan off the Marketplace (the so-called “Obamacare plans”) for $100/month or less, starting November 1. Signing up is trickier this year, though, so we’ve put together a guide with the most important things to know. Do I need to care about open enrollment? Open enrollment is the time when anybody can enroll in a health insurance plan for any reason. It’s open to everyone, see? The other kind of enrollment is special enrollment, which applies to the rest of the year. Life events like getting married or having a baby open up an enrollment window just for your family. Losing insurance coverage and moving your residence also qualify; read up here to learn more about what events qualify. If you get insurance through your work, you’ll have to ask your HR people about enrollment periods. (They probably also have an open enrollment for … [Read more...] about How to Sign Up for Health Insurance This Year
Earlier this week, one of the biggest re-insurance companies in the world started implementing a policy reflecting the growing risk around new coal projects. Swiss Re announced on Monday it would no longer insure companies that get 30 percent of their revenue or generate 30 percent of their power from coal burned for energy (known in energy parlance as ‘thermal coal’). It’s yet another sign that economics are turning against coal. The re-insurance giant, which underwrote $35.6 billion in non-life insurance contracts in 2016, is the latest in a string of re-insurers pulling back from one of the dirtiest sources of power generation on the planet. These companies aren’t doing it from the bottom of their hearts, though. This is about cold, hard cash and actuarial tables. Swiss Re’s policy, which was announced in 2017, went into effect on Monday. The company said in its announcement that it “supports a progressive and structured shift away from fossil … [Read more...] about One of the World’s Biggest Insurers Is Ditching Coal
When Mihaela Lazar first learned COBOL in the early 1970s, little did she know that she would be paving the way for a successful career several decades later.In the 2000s, Lazar got a job offer she couldn't refuse as a COBOL developer in Bucharest, Romania. She continues to work with the language today: "Life's twists and turns took me back to COBOL," she said. Experts like her are hard to find, but much in demand: COBOL still powers most of the world's financial transactions and despite being over 50 years old, the programming language shows no signs of fading away.Identification division COBOL appeared in 1959, when Steve Jobs was just four years old, half a century before the arrival of the first iPhone.The guidelines for the new programming language aimed at businesses, designed to make software more affordable and easier to write, were set at a meeting at the Pentagon. COBOL, an acronym from COmmon Business-Oriented Language, has had few updates since then, though it became … [Read more...] about 50 years and still going strong: Will we ever be ready to kill off COBOL?