Tag: personal-finance

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...

COVID-19 has put ‘financially vulnerable’ Americans on even shakier footing

Millions of “financially vulnerable” Americans have grown even more vulnerable during COVID-19, with lower-income households more likely to have experienced declines in their financial well-being,...

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...

Bitcoin may replace bonds, Cathie Wood says

Bitcoin should be considered a new asset class, one that may even serve as a reserve currency in the future, ARK Invest’s Cathie Wood said...

‘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...

Opinion: Would you want your parents to live in a nursing home owned by private equity?

Would you put your mother in a nursing home that is owned by a private-equity firm? It’s a question a growing number of us are...

Review: The 2021 Ford F-150, updated and redesigned

One of the most appealing things about the Ford F-150 is that this well-rounded full-size pickup consistently offers capability, value, innovation, and choice. All-new this...

I’m 28, have zero debt, a 401(k), Roth IRA and $45K in the bank. My parents want me to save for a home. I want a Tesla Model 3. Who’s right?

Dear Quentin, I’ve been flip-flopping back and forth between buying a new car or putting a down payment on my first home. With my parents...

‘They can’t coerce the states into doing anything:’ Biden does NOT have the power to enforce in-person learning at K-8 schools — here’s why

Over the past few weeks the question of whether the Biden administration will achieve a campaign promise to reopen the majority of schools in its...

Houston mayor says Texas should pay some consumers’ massive utility bills

Houston Mayor Sylvester Turner said Sunday that the state of Texas should pay the massive utility bills some Texas consumers are facing following last week’s...

State attorneys general call on Biden to cancel up to $50,000 in student debt to provide ‘immediate relief to millions’

A multistate coalition of Democratic attorneys general is calling on President Joe Biden to cancel up to $50,000 in student debt per borrower.  The letter...

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...

Amid water shortages and power outages, Texans cry foul over price gouging for bottled water, gas and $1,000 hotel rooms

Some businesses in Texas are hitting consumers when they’re down. Lina Hidalgo, the judge Harris County, the largest county in Texas, said this week that...

My wife has homeschooled our son and our best friends’ son since September due to COVID-19. Is it too late to bring up money?

My wife and I have a 7-year-old son who would normally be attending the public-school system this year. However, for a variety of reasons mostly...

Philadelphia relies on a commuter tax to balance its budget. What does that mean in a work-from-home world?

Jon Dumont has walked through Philadelphia’s Center City district to and from his office for years, passing familiar businesses and friendly faces. But the experience...

6 rules for buying your first car

This article is reprinted by permission from NerdWallet.  Recently I helped a family friend buy her first car. It reminded me what an overwhelming and...

GameStop hearing challenges assumptions about rookie investors — ‘Retail investors making up this new surge are different’

YOLO? Maybe not quite so. During the GameStop trading frenzy, some observers worried many rookie retail investors banding together on sites like Reddit’s WallStreetBets would...

IRS chief says agency is having ’15 minutes of fame’ — here’s how he’s hoping to make the most of it

“ I think we’re living in our 15 minutes of fame. And I think we’re living in, for us, a bipartisan environment. ” — Internal...

‘My husband has burned through all of our finances. If we divorce, I don’t want him to get one penny.’ How can I protect myself?

Dear Quentin, I live in New Jersey, which is a community property state. My husband and I have had a very rocky relationship and are...

My boyfriend, 9 years my junior, does not want to move out of my home should I die before him. My adult children are not amused

Dear Quentin, I am a 49-year-old woman with four adult children aged 19 to 29. I bought my home in 1998 as a single mother...

We were ‘dangerously close’ to collapse of ‘entire system,’ says Interactive Brokers founder ahead of GameStop hearing

“ ‘What I would like to point out here is that we have come dangerously close to the collapse of the entire system, and the...

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...

‘I am held hostage in my own home’: My husband’s son lives with us. He is physically abusive and menacing

I am married, but my home is in my name only. When I bought it in 2010, I was the only one eligible to apply...

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...