Tag: Labor/Personnel Issues

Low wages are just the start of the problems for millions of U.S. workers during COVID-19 — here’s why

A common dilemma job applicants face is balancing salary with working conditions and labor violations. However, new research suggests that lower-paying jobs are also more...

I’m 64, single, considering retirement after fighting cancer — I have $1.6 million. Should I retire?

Thank you for helping people with their retirement. Here is my situation and look forward to your comments. I am 64 years old, single, and...

‘She is a financial idiot and partier’: I loaned my sister $4,780 for a lawyer during her divorce. I am still chasing repayments

Two years ago, my sister called me from a divorce-settlement meeting without a lawyer. Her soon-to-be ex-spouse had a lawyer there. She was being pressured...

‘The massive restructuring of the economy resulting from the pandemic will likely generate further declines in the middle class’

Most Americans believe themselves to be members of the middle class. But a new report has shed light on who really makes up this segment...

Our housekeeper does not work when we’re at home due to COVID-19. We still pay her. Could we treat those payments as a ‘gift’ to reduce her income tax?

Dear Moneyist, Due to the 2020 global pandemic my wife and I have been concerned about indoor exposure to others. We are fortunate enough that...

Fewer older workers file employee compensation claims in states where marijuana is legalized

In the ongoing debate over marijuana’s full legalization, a new study offers proponents this potential payoff: cheaper workers’ compensation claims for injured workers. In states...

My wealthy fiancée wants me to accept standard-of-living costs should we divorce. I’m a proud veteran and won’t accept more than $50,000. Who’s right?

Dear Quentin, I am planning on marrying someone who has a substantial amount of money. I do not have much. I own my home, have...

Turned 60 last year? Social Security has an unpleasant surprise for you

Future Social Security benefits could drop for people who turned 60 in 2020, analysts said, but the extent of the decline is still unknown.  There...

‘I have been plagued by enormous guilt and regret:’ I tried to care for my late father, but I gave up. How can I ever forgive myself?

I am seeking advice on how to get over a terrible mistake I made. I did not care for my aged father. I am the...

Can my ex-husband file a joint tax return without my consent? He tried to take both my stimulus checks, but I got the better of him

Dear Moneyist, I’m 62 years of age, I have stopped working and I am currently receiving Social Security. My husband is intending to file a...

My husband, 67, wants to leave his $2 million estate and home to his disabled daughter and his sister’s kids. Can he do that? I could outlive them

Dear Moneyist, My husband is 67 years old with an estate worth $2 million. His first wife died. He has a severely handicapped daughter and...

I can afford a $300,000 home in a ski town ‘but not if it comes with $6,000 a year in HOA dues’ — so where can I retire?

We will be retiring, hopefully in 2021, with about $30,000 to $40,000 in annual income from a pension. I would love to live in Summit...

Does wearing two masks help prevent COVID-19 transmission? Dr. Fauci has an answer

“ ‘It just makes common sense that it likely would be more effective.’ ” — Anthony Fauci, the director of the National Institute of Allergy...

Yellen says raising minimum wage to $15 would have ‘minimal’ impact on jobs, but nonpartisan Congressional Budget Office disagrees

Raising the minimum wage to $15 an hour from $7.25 would help the U.S. economy more than it would harm it, Janet Yellen, President Joe...

Opinion: How to make sure your spouse gets your retirement savings when you die

If you designate beneficiaries for your retirement accounts, that’s usually a surefire way to pass those assets directly to your desired heirs without going through...

‘This is sheer economic waste. We distributed our $1,200 stimulus to our church:’ Why did we get these checks instead of poor Americans?

Dear Moneyist, My husband is 82 years old. I am 83. We are retired. We are neither Democrats nor Republicans. Last year, about midsummer, we...

President Biden removes key figure at National Labor Relations Board — union leaders rejoiced

Amid a flurry of first-day orders and actions, President Joe Biden’s administration showed the door to a top-ranking lawyer at a labor agency meant to...

Counting on a tax refund or stimulus check? 5 things to know before filing your taxes

This year’s tax season will start against a very different backdrop. Approximately 18 million people are on some form of unemployment assistance and savings rates...

‘Just because we’re undocumented does not mean we’re worth less than other people’: Will undocumented immigrants get COVID-19 vaccines?

Undocumented immigrants in the U.S. will be a critical population to reach with COVID-19 vaccines, advocates and experts say, and public-health officials will first have...

Here’s the maximum amount Biden’s stimulus checks and tax credits would deliver to America’s poorest families

 A new round of $1,400 stimulus checks could equal at least 20% of the money low-income families bring home in a full year, according to...

My partner, 70, refuses to put his bank accounts into both our names. Do I have the right to be offended?

Dear Moneyist, I am 62 and my partner is 70. We have been together for 16 years, living together for 12 of those. We have...

My coworker owns 10 homes, 9 of which are rented. How did he get a stimulus check while I didn’t?

Dear Moneyist, I have a question about the stimulus checks. I happened to have inherited my mother’s house, so if I don’t qualify, that’s fine....

‘Lifeline to workers’: For some, Biden’s $1.9 trillion COVID-19 rescue plan isn’t coming a moment too soon

On Thursday evening, President-elect Joe Biden said he will call for $1,400 stimulus checks and more vaccine funds as part of a $1.9 trillion COVID-19...

COVID-19 has caused real financial pain. So why did consumer bankruptcies drop in 2020?

By many measures, the pandemic induced all sorts of financial stress last year. But consumer bankruptcy cases — a way to address financial pain and...

‘I’m going to really miss that $100’: After siege on Capitol, Washington, D.C. curfew hits an already crippled restaurant industry

For Washington D.C. bartender Zac Hoffman, first came the relief. Then came the worry.   Hoffman was getting ready to come into work Wednesday afternoon...