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How much do I need to save?

How much do I need to save?

Many Americans realize the importance of saving for retirement, but knowing exactly how much they need to save is another issue altogether. With all the information available about retirement, it is s

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Frontier Airlines returns to Memphis

Frontier Airlines returns to Memphis

The Memphis-Shelby County Airport Authority and Frontier Airlines on Wednesday announced that the Denver-based airlines will once again provide air service to the Memphis International Airport beginning March 2014.

"Today's exciting announcement from Frontier Airlines is the beginning of a new era of affordable airfare choices for our passengers," said Jack Sammons, chairman of the Memphis-Shelby County Airport Authority Board of Commissioners. "I am confident Frontier's direct service to Denver will be warmly embraced by passengers in our region."

Frontier's service in Memphis will feature four weekly nonstop flights to Denver, and opens up connections to 12 different western cities, including San Francisco, Seattle/Tacoma, Phoenix, San Diego, Las Vegas, Los Angeles, and Portland.

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Living legends have a wealth of knowledge

Living legends have a wealth of knowledge

ON OUR WAY TO WEALTHY: I recently had an opportunity to see "Lee Daniels' The Butler" and it was moving. One of the things that impacted me was observing how various moments in history could be seen and experienced from so many different perspectives.

I also realized that I did not have to go see Daniel's fine work to hear actual stories about the civil rights experience.

Influencers of the civil rights movement abound in Memphis. Among them is Tri-State Bank President Jesse H. Turner Jr., whose experience frequently gets overlooked by documenters of Memphis history. He was the first to integrate a high school in the city of Memphis, breaking the barrier at Christian Brothers High School (CBHS) in 1963.

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BiblioTech – the first bookless library – offers only e-books

BiblioTech – the first bookless library – offers only e-books

NEW YORK – BiblioTech is a new library in Texas, but you'd be forgiven for thinking otherwise. The library houses no physical books.

Staffers at San Antonio's BiblioTech say it's the first "bookless library." And in addition to its catalog of 10,000 e-books, this techy library also provides a digital lifeline to a low-income neighborhood that sorely needs it.

BiblioTech opened its doors Sept. 14 on the south side of San Antonio, a mostly Hispanic neighborhood where 40 percent of households don't have a computer and half lack broadband Internet service.

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  • Written by Julianne Pepitone/CNNMoney

National online furniture retailer ushers in flagship showroom

National online furniture retailer ushers in flagship showroom

Decadent Avenue, an e-commerce retailer of fine furniture, will open its first North American retail showroom in East Memphis on Nov 1, with the Greater Memphis Chamber holding a ribbon cutting ceremony at 10 a.m.

"We are excited to make Memphis the home base for what will be many more showrooms throughout North America," said Neil Phillips, co-founder of Decadent Avenue.

To celebrate the move into the Memphis area (888 South White Station Rd.), a portion of the opening-weekend proceeds will be donated to Le Bonheur Children's Hospital to assist the hospital in its mission to provide Memphis-area children with a healthier, safer childhood.

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Me, my church and a wealth replacement trust

Me, my church and a wealth replacement trust

MONEY MATTERS: Charitable giving can be a rewarding experience by allowing you to both give and receive. To enjoy the benefits of charitable giving, you can use a variety of strategies.

Charitable remainder trusts – the basics

To establish a charitable remainder trust, you transfer appreciated property to an irrevocable trust and designate the charity of your choice as the beneficiary of the trust. The property within the trust is then sold and reinvested to provide income. You retain a lifetime interest in the income generated by the trust, and when the trust expires at your death, the property within the trust is transferred to the charitable organization.

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Twitter mix-up causes Tweeter Home Share explosion

Twitter mix-up causes Tweeter Home Share explosion

 

By Chuck Mikolajczak

NEW YORK (Reuters) - Excitement for Twitter's coming IPO is running pretty high - so much so that some investors on Friday mistook the nearly worthless stock of long-dead

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  • Written by Roz Edward, National Content Director

Teach your children well

Teach your children well

In a recent survey of Generation Z (ages 13 to 22), 39 percent of teens and young adults said they expect to receive an inheritance and therefore don't need to worry about saving for retirement! However, only 16 percent of Gen Z parents expect to provide an inheritance – and there's no guarantee that an inheritance would be sufficient to replace retirement savings.

This disconnect between expectation and reality highlights the need for financial literacy among young people. Teaching children about finances not only may help them handle their own financial matters but could encourage academic engagement and pursuit of higher education.

Here are some steps to help develop your children's financial knowledge.

 

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