Money

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America Faces A Retirement Crisis

Retirement used to mean packing up and buying a home in Florida, but not anymore according to Retirement Plan Partners president and financial advisor Joe Connell. “The trend is that people are going to have to extend their retirements mostly due to things outside of their control,” Connell said. According to an Associated Press-NORC Center for Public Affairs Research poll released Monday, 82 percent of workers 50 and older say it’s at least somewhat likely they’ll work for pay in retirement, while another 47 percent plan to retire later than they previously thought.

10/14/2013

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Minn. Revenue Comes In A Shade Below Projections

Minnesota’s tax collections have come in $2 million below expectations in the first three months of the newly enacted state budget.

10/10/2013

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Good Question: What Exactly Is The Debt Ceiling?

As the stare down over the government shutdown ends its eighth night in Washington, lawmakers are readying for another fight.

10/08/2013

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YouthLink Phone Bank Raises More Than $40K For Homeless Youth

It’s time to say thank you for your generosity. We partnered up with YouthLink, an organization that helps young people get off the streets, and throughout our phone bank Tuesday we helped raise more than $41,000.

10/02/2013

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Minn. Schools To Get $636M In State Back Pay

About $636 million in back pay from state government is coming to Minnesota public schools.

09/30/2013

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The Wheel Of Misfortune

Wheel of Fortune contestant and a nightmare come true….

09/19/2013

Floyd Mayweather Jr. (L), Canelo Alvarez (R) (credit: Ethan Miller/Getty Images)

Keidel: Mayweather And Alvarez Fight For The Soul Of Boxing

Alvarez and Mayweather are fighting at a catch-weight of 152 pounds, which, if you’re looking for an edge, would probably point to Alvarez, the naturally larger man. But Mayweather has a way of making larger men look small.

09/13/2013

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Hudson Police Search For Lone Female Bank Robbery Suspect

Police are asking for the public’s help as they search for the lone female suspect who robbed a Hudson bank on Thursday. Hudson police said the woman entered the First State Bank and Trust at 10:47 a.m. Thursday, handed a note to one of the tellers that demanded money. The note said that she had a weapon, but no weapon was displayed.

09/06/2013

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Good Question: How Much Foreign Aid Does The U.S. Give?

President Obama brought together his National Security Council Tuesday afternoon to decide whether to cut off aid to Egypt after violence in the country has led to deaths of more than 1,000 people just this week. So, how much foreign aid does the United States give and where does it go?

08/20/2013

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Good Question: Why Is Child Care So Expensive?

We love them to death, but any parent knows, it’s expensive to raise a child. New numbers from the USDA estimate the cost to raise a boy or girl born in 2012 is $241,080 – up 2.6 percent from two years ago.

08/14/2013

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Good Question: Why Are Men Still Expected To Pay On Dates?

A new study presented at the American Sociological Association’s annual meeting found men far more likely to pick up the tab on the first few dates.

08/13/2013

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What Is The Best Way To Make And Keep A Budget?

Should tracking your money be a part of your daily routine? Budgeting is more important now than ever before, but one study found 32 percent of us put together a monthly budget and only 30 percent have a long-term financial plan.

08/12/2013

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Charges: Teen Strangled, Stabbed 79-Year-Old Woman

A teenager accused of murdering a Minnesota grandmother said her own grandson was the mastermind behind the plot. Police found 79-year-old Lila Warwick dead in her home in Willmar on Monday night. Investigators say she’d been strangled and stabbed.

08/02/2013

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Good Question: What Does It Take To Be Considered Wealthy?

A new UBS survey finds the majority of people worth between one and five million dollars don’t consider themselves wealthy.

07/25/2013

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Brother’s Dying Wish Has One Man Dropping 2,000% Tips

If you get great service in a restaurant, what do you leave for a tip? — 20, 25 percent?

07/21/2013

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Good Question: Why Is Unemployment Falling Faster In Minn. Than Other States?

While the national economy struggles, Minnesota’s unemployment rate just hit its lowest level in five years.

07/18/2013

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Homeowner Tied Up During Aggressive Break-In Robbery

A homeowner in Washington County said her life was threatened during a brutal home invasion on Monday night. Kaling Wong was alone inside her West Lakeland Township home when two men wearing utility vests rang her doorbell.

07/10/2013

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Mound Man Found Guilty Of Fraud With Petters Company

A 59-year-old Mound, Minn., man was found guilty by a jury Wednesday in federal court for fraudulently raising money for investment in Petters Company, Inc. James Nathan Fry, a hedge fund manager, was convicted of five counts of securities fraud, four counts of wire fraud, and three counts of making false statements to the U.S. Securities and Exchange Commission.

06/12/2013

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Money Answers Finance Expert On WCCO Morning News

Nationally known personal finance expert and author Jordan Goodman made his monthly visit to Dave Lee and the WCCO Morning News on Tuesday.

06/11/2013

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Mother Asks For Money For Irresponsible Daughter

Mother wants you to pay for her daughter’s medical bills. The daughter jumped off a roof and broke her feet.

06/05/2013

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New Concept Helping Generate Money For HS Sports

We all know high schools are in a constant fund-raiser mode and that creativity is more welcome than ever.

05/31/2013

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Good Question: Who Manages Money Better, Men Or Women?

Managing money is the top thing couples fight about. And research shows that men and women have different habits, different styles of dealing with money.

05/24/2013

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Nearly 700 State Workers Earn More Than $100K

There was a lot of debate at the Capitol this year about pay raises for Minnesota lawmakers. But a WCCO investigation found soaring salaries are actually going to state employees who work as staff members.

05/22/2013

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Durant Visits Lynx Game, Says He’ll Donate $1M To Tornado Relief

NBA superstar Kevin Durant, of the Oklahoma City Thunder, was court side on Tuesday in Minneapolis, watching Monica Wright of the Lynx take on Connecticut. Durant calls Oklahoma City his “home” and said he drives through the city most affected by Monday’s massive tornado damage – Moore – all the time.

05/21/2013

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$600M Powerball Jackpot Topples Records

The Powerball jackpot for Saturday’s drawing has jumped to $600 million, according to the multi-state lottery’s website, a new record for the Powerball franchise. The top prize now has an estimated cash value of $376 million.

05/17/2013

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