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Breaking the $90K college barrier

Breaking the $90K college barrier
investmentnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentnews.com Daily Mail and Mail on Sunday newspapers.

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TIAA can no longer play by its own rules

TIAA can no longer play by its own rules
investmentnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentnews.com Daily Mail and Mail on Sunday newspapers.

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KiwiSaver windfalls: How young people can make the most of savings scheme

When you start, how much you save, and into which kind of fund are the key choices for young KiwiSavers.
“Save 10 per cent of your income, and you will never need to worry about your retirement,” is David Beattie s advice to young people setting up their KiwiSaver accounts.
That’s a big call, but says, Beattie, a fund manager and co-founder of the Booster KiwiSaver scheme, contributing 10 per cent will provide a lump sum of around $700,000 at age 65 for people starting saving at age 18.
That assumes a starting salary of $35,000 which rises at 3.5 per cent a year, and also that the money is invested in a high growth fund, with contributions of 3 per cent from the saver’s employer. ....

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Taylor: Past attempts at forgiving student loans have fallen short

Taylor: Past attempts at forgiving student loans have fallen short
Dec. 16, 2020
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Teacher Kelly Finlay is one of the thousands of professionals who have been denied relief under the Public Service Loan Forgiveness program.Sarah Blesener /New York Times file photo
I do not expect President Joe Biden to use executive powers to eliminate large chunks of student loan debt despite the fact 1 in 5 Americans has student loan debt and that our $1.6 trillion collective balance is higher than our total credit card debt balances.
I neither expect it, nor do I favor it. My objections, briefly summarized:
1. Debt cancellation favors higher income folks, as high debt correlates with high income. ....

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