Category: BUSINESS

What to Do With Your Money in 2019 According to Financial Advisors

Money mistakes are a dime a dozen. Except, you know, they end up costing us a bit more than that.

Think More Critically About Your Resolutions

To prevent those costly financial blunders, we asked some financial advisors and professionals what clients tend to get wrong—and you should do differently going into 2019.

Don’t make News Year’s Resolutions. They don’t work.

Set your goals now, or in early January (after the holiday). The goals need to be realistic. This is key. If they are too hard or not remotely achievable, most folks give up before they even start. When setting goals, start small, then move up. For example, if you are contributing three percent to your 401(k) plan, increase it to four percent. Then plan six to nine months down the road to increase it to five percent.

Similarly, if your cash reserve fund is only one month’s living expenses, give yourself a period of time, say six months, to [get to] two months’ living expenses.

Small steps that are actually implemented have a much higher chance of staying implemented. Then you can go from there and again, slightly raise the goal.

The other thing people need to do is check in with their goals. This doesn’t mean following every movement in the stock market. This means reviewing your progress. This should be quarterly.

Pay Yourself First

The tumultuous markets sometimes cause people to quit contributing to their retirement plans, when we should do the opposite and continue to defer into our 401(k) or other retirement plans. If you are worried about volatility, you should still contribute, especially if you are many years away from retirement. Markets have historically gone through periods of decline and subsequently recovered.

READ MORE: https://twocents.lifehacker.com/what-to-do-with-your-money-in-2019-according-to-financi-1830992314?utm_source=pocket&utm_medium=email&utm_campaign=pockethits


Amazon tells some customers their emails have been exposed, but provides few details

Amazon Customers Email Breached in October

Amazon.com informed some customers Wednesday that their names and email addresses had been “inadvertently disclosed” as a result of a “technical error” but declined to provide further details about the security incident.

The e-commerce giant confirmed it sent the messages, adding in a subsequent statement it had “fixed the issue.” It did not say how many of its users had been affected or where and how emails had been exposed. Amazon said only that its website and other systems had not been breached.

Amazon’s limited disclosure, days before the Black Friday and Cyber Monday holiday shopping frenzies, drew sharp criticism on social media. Among its own sellers, some took to the company’s forums to complain about Amazon’s tight-lipped handling of the matter. “Who knows what they’re not disclosing about this,” one user wrote. “Hopefully nothing …”

Others questioned Amazon after it told users there’s “no need for you to change your password or take any other action,” fearing the potential that hackers still might try to use their names and email addresses for nefarious purposes, including phishing scams.

In October, Amazon said it reportedly fired an employee who inappropriately shared customers’ emails with a third-party seller. The incident, which Amazon said it was working with law enforcement to investigate, similarly resulted in messages to customers indicating their email addresses had been exposed.