Pete the Planner: Enlightenment is the goal of your financial journey
Here’s what I’ve learned about our financial lives as we age—they get increasingly complex, and we don’t necessarily get better with money along the way.
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Neighborhood groups set to oppose city’s plan to acquire Broad Ripple Park Family Center
Several Indianapolis neighborhood groups are taking issue with the city’s plan to spend up to $26 million in tax revenue earmarked for neighborhood redevelopment to acquire the new family center.
Visa profit surges as consumers turn up reliance on digital payments
Payments processing giant Visa has benefitted from a fundamental change in consumer behavior that has led to the broad acceptance of digital payments, as well as from the growth in online shopping.
Yield on a 10-year Treasury reaches 5% for first time since 2007
Besides making it more expensive for U.S. homebuyers to buy a house with a mortgage, higher yields also put downward pressure on prices for everything from stocks to cryptocurrencies. Eventually, they could help cause companies to lay off more workers.
IBJ Podcast: Pete the Planner on understanding your (and your partner’s) relationship with money
Peter Dunn uses a series of questions to help listeners identify the money personality—or “script”—that best matches their relationship with money and then explains the pros and cons of each.
Social Security benefits to increase by 3.2% in 2024
Next year’s hike follows this year’s 8.7% benefit increase, which was brought on by record 40-year-high inflation.
Pete the Planner: Invite your financial adviser to criticize your thinking
Keep pressing them to be critical until they offer something. Once that seal is broken, candor can take hold.
IBJ Podcast: Pete the Planner on death, divorce and other edgy questions in personal finance
In this 250th episode of the IBJ Podcast, Peter “Pete the Planner” Dunn answers some of the most sensitive questions in personal finance.
Nate LaMar: BRICS threat against the US dollar rings hollow
Brazil, Russia, India, China and South Africase countries are threatening to create their own currency, in order to displace the U.S. dollar as the world’s reserve currency, in which most transactions are denominated.
Sides reach $750K settlement in rent-to-own housing dispute
The Fair Housing Center of Central Indiana and Indianapolis-based Rainbow Realty Group Inc. have announced a settlement in a legal fight over an allegedly predatory rent-to-own program.
Indianapolis-based angel investor group eyeing ‘record year’ in 2023, executive director says
VisionTech, a group of more than 130 investors, has so far this year made seven investments totaling $1 million. In comparison, the group made a total of 16 investments totaling $2.4 million in all of 2022.
Elanco’s shares slip to all-time low after Moody’s downgrade
Moody’s action pushed Elanco’s credit rating further into “junk bond” territory, an area considered riskier than investment-grade debt.
Downtown Crowne Plaza hotel slated for $15M renovation
The 273-room hotel’s owner is gearing up for the renovation as planning continues for an expansion of the Indiana Convention Center and construction of a connected 800-room Signia by Hilton Hotel a block to the north.
Fed says more rate hikes needed to curb inflation
U.S. central bankers are waging their most aggressive action against high inflation in a generation.
Indiana students may need to learn how to open bank accounts, take out loans in order to graduate
The vote puts Indiana on track to join several other states that have recently adopted financial literacy graduation requirements.
SPACs lose their spark with deals hard to find
Around Indiana and the nation in recent weeks, special purpose acquisition companies, or SPACs, are shutting down and returning money to investors. In other cases, investors are taking a bath.
IBJ Podcast: Pete the Planner on making the best of a terrible year for investments
The personal finance columnist explains what he calls the “power percentage” and also ventures to make a few optimistic predictions for 2023.
Former David A. Noyes CEO awarded $2M in damages, resolving dispute over termination
The former executive, Mark Damer, had been terminated by financial firm David A. Noyes in 2019.
Crypto exchange has substantial ‘missing’ assets, FTX lawyer says
FTX attorney James Bromley described the company as “run by inexperienced and unsophisticated individuals,” adding that “some or all of them were also compromised individuals.”
FTX says it owes more than $3 billion to creditors
The revelations, which came in a filing to U.S. Bankruptcy Court in Delaware late Saturday, offer a striking portrait of the sheer number of entities that had considerably invested in, loaned money to or otherwise engaged with the three-year-old company.