Liz Weston NerdWallet Published 3:38 p.m. UTC Jul 16, 2018 Amazon. Chipotle. GoPro. These household-name businesses were launched thanks to investments by the founders’ parents. But parents also have sunk plenty of money into their offsprings’ doomed enterprises, sometimes endangering their retirements and family relationships in the process. Certified financial planner Jon Ten Haagen of Huntington, New York, had a retired client who against his advice gave $100,000 — most of her savings — to her son to start a restaurant. The business failed within a year, and he has yet to pay any of the money back, he says. “She’s just getting by at this point,” Ten Haagen says. Beware of the risks Parents usually want their kids to succeed, and many are accustomed to sacrificing to help make that happen. But parents shouldn’t be mislead about the risks, financial planners say. “This investment is going to be concentrated, illiquid, … [Read more...] about Liz Weston: Can you help your kid start a business?
Haskell, Texas, freestyle bullfighter Weston Rutkowski has always been a competitor at heart.The 29-year-old competed Wednesday night in freestyle bullfighting in association with Bullfighters Only at the Pikes Peak or Bust Rodeo.Rutkowski has a busy week with two Wrangler Bullfight Tour stops at Norris-Penrose Event Center in Colorado Springs and Vernal, Utah. He’s coming off of a win in Cody, Wyoming, from a week and a half ago.Rutkowski grew up as a rodeo kid.“It’s kind of been in my blood,” Rutkowski said. “I rode bulls for quite a while and just wasn’t ever as good as I wanted to be and fought a bull one day and it’s all I’ve ever wanted to do since.”He started fighting bulls seven years ago at 22.“I was late to the party but I joined as quick as I could,” Rutkowski said.Freestyle bullfighting is an individual sport in which the bullfighter attempts to stay as close as possible to the bull for as long as possible … [Read more...] about Pikes Peak or Bust Rodeo’s Weston Rutkowski rides the most reckless
Liz Weston NerdWallet Published 4:00 p.m. UTC Jun 4, 2018 Medicare provides basic health care to one out of six Americans, most of them 65 and older. Even people decades away from retirement, though, should be concerned about Congress meddling with the program. Lawmakers understand that cutting current retirees’ benefits is a political nonstarter. Older people vote, and they have one of the most powerful lobbyists, AARP, advocating on their behalf. Younger people? Not so much. Politicians will be tempted to foist the biggest cuts on people farther away from retirement (who are presumably paying less attention). Millennials – born between 1982 and 2000 – are now the largest generation, representing one-quarter of the U.S. population, according to the Census Bureau. Deep cuts to their future benefits could rack up big savings – and potentially doom their retirements . Without a sturdy Medicare system, health care for older Americans could quickly become … [Read more...] about Weston: Why millennials should care about Medicare now
Updated 6:43 am, Tuesday, May 29, 2018 Photo: AP Image 1of/1 CaptionClose Image 1 of 1 FILE - This April 2017 file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File) FILE - This April 2017 file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File) Photo: AP Liz Weston: How to hack your employee health benefits 1 / 1 Back to Gallery Employee health benefits can have huge value, but you may not be taking full advantage of yours. Here are three hacks that can help you get more out of what your company offers. DRAIN YOUR FSA EARLY Medical flexible spending accounts allow employees to put aside pre-tax money, typically through payroll deduction, for health care … [Read more...] about Liz Weston: How to hack your employee health benefits
Friends of a South Florida man who was allegedly shot to death by his own son in what authorities say was a murder-suicide attempt say they're shocked at the turn of events, as officials released new details on the incident. Broward Sheriff's Office officials say Dr. Rafael Azulay shot and killed his father, 67-year-old Asher Azulay, before turning the gun on himself in a Weston home Saturday morning. According to an arrest warrant, Rafael Azulay said he was going to kill his father and another family member then kill himself at the home on Islewood Avenue. When he shot his father in the neck, the other family member fled the home and called 911, the warrant said. Deputies went to the home and heard a gunshot as they approached, and a SWAT team responded to the home, the warrant said. When SWAT members tried to enter the home they saw Rafael Azulay shoot himself in the abdomen, the warrant said. Dr. Rafael Azulay is accused of killing his 67-year-old father, Asher, inside his Weston … [Read more...] about Friends ‘Heartbroken’ After Weston Man Allegedly Killed by Son