As chief strategist/consumer education for Charles Schwab & Co. Inc., Schwab Pomerantz is a leading advocate for individual investors. She speaks and writes extensively about personal finance issues and is a driving force in the movement to improve financial literacy in America. As president of the Charles Schwab Foundation, she also oversees the company's philanthropic strategy and resources.
With her father, company founder, chairman and CEO Charles R. Schwab, Schwab Pomerantz co-authored "It Pays to Talk: How to Have the Essential Conversations With Your Family About Money and Investing," which Publishers Weekly called "a well-rounded primer that provides one-stop shopping for the many phases of financial understanding and planning."
Schwab Pomerantz is a sought-after speaker whose public appearances have included appearances on "The Today Show," CNBC and NPR. In 2001, Working Woman magazine recognized her as one of four “Market Movers” in America who are “rewriting the rules of finance,” and she was also recognized as one of the “25 power Elite” in the financial services industry by Investment News. For four consecutive years, The San Francisco Business Times has named her one of the San Francisco Bay Area’s 100 Most Influential Women in Business.
A graduate of the University of California, Berkeley, with a bachelor’s degree in Political Science, Schwab Pomerantz later earned a master’s degree in business administration from George Washington University. She holds NASD Series 7, 63 and 8 registrations.
Dear Readers: Last week, I talked about investing concepts that people want to understand but are too often afraid to ask about -- things such as asset allocation, diversification and risk. But if you're unclear on a concept, I say ask. And ask again if you don't completely understand.
Dear Carrie: My younger brother and I (he's in his mid-50s, and I'm in my early 60s) disagree about whether it makes sense to file for Social Security before the age of 70. Could you shed some light? -- A Reader
Dear Carrie: My daughter was lucky enough to receive a significant college scholarship. Is this considered taxable income to her? And does her scholarship limit my ability to claim an education tax credit? -- A Reader
Dear Reader: Rather than old-fashioned, I think your question is right on target. Especially with the new one-touch payment methods, such as Apple Pay, it's easier than ever to rely on credit cards.
Dear Reader: Although a lot of us may try to forget our age as the years go by, when it comes to reaping the financial rewards of getting older, you're wise to keep certain age-related milestones top of mind. But as might be expected for the rules and regulations surrounding retirement withdrawals and government benefits, it can get complicated.
Dear Readers: Are you looking for ways to give your finances a fresh start in 2015? Start with these 10 financial resolutions. They'll not only help you change your financial habits but also give you a fresh way of thinking that will help you make better financial decisions all year long.
I'm a fan because I believe that charitable giving can be an important part of just about everyone's life.
Dear Carrie: I hope to retire in about five years and am working on reducing my overall debt, including my mortgage. Should I put off retirement until I'm completely in the black? -- A Reader
Dear Carrie: Help. I have three young children -- ages 2, 5 and 10 -- and haven't started saving for college for any of them. Is it too late? -- A Reader
Dear Readers: The money decisions you make today can lead to either a secure or a scary financial future. Don't be tricked into being complacent. Think ahead, and plan ahead -- and avoid these 13 money mistakes, which could haunt you for years to come.
For just about everybody (unless, of course, you're the Duchess of Cambridge), having a second baby is a financial, as well as an emotional, decision. That's because kids today come with a hefty price tag. According to the U.S. Department of Agriculture, the cost of raising a child to age 18 is now upward of $245,000.
Dear Reader: As I'm sure you know, an inheritance can bring up conflicting emotions, placing the positive of financial gain against the sadness of losing a loved one. Complicating the situation further, certain inheritances -- such as an IRA -- are more difficult to sort out than others.