Your sibling asked you to cover their rent for a couple of months while they were between jobs. Or maybe you loaned a friend a few hundred bucks for a car repair they couldn’t afford. You’d do anything to help those you love. And you did. But what should you do when they don’t pay…
Read More “The rational approach you can take when a friend or family member owes you money” »
2022 is shaping up as a historic year for markets. But while the S&P 500 is headed for its worst first half since 1970, the dollar appreciated during the first six months of 2022 by the largest margin in history, according to some measures. The Federal Reserve’s decision to raise interest rates by 75 basis…
Now, in a sign of the economy’s changing headwinds, direct checks are being billed as a way to soften inflation’s bite. But instead of the federal government issuing payments, a growing number of states are cutting checks made possible by budget surpluses. California is the latest state to join the ranks of more than 10…
I’m a working-from-home mom and my supervisors have no intentions of bringing me back to the office at this time. In order to actually get work done, I have pieced together childcare using the help of family and friends. I have one friend who has really gone above and beyond to adjust her own flexible…
Love is lovelier the second time around, according to the 1960 Frank Sinatra song. But what about money and second marriages? That’s a more complicated story, especially for couples with adult children. After all, most people who are 52 or 62 have more money when they marry than those who tie the knot when they…
Read More “Getting married after 50? Read this before merging money with your mate.” »
The US Supreme Court said Friday it would strike down the landmark 1973 Roe v. Wade decision that legalized abortion in the United States. The highest court in the land announced the ruling on a case brought by Mississippi that seeks to ban most abortions after 15 weeks of pregnancy. Some 13 US states have…
This article is reprinted by permission from NerdWallet. There are a lot of people out there who want to tell you what to do with your money. The problem is only some of them know what they’re talking about. Whether it’s a friend with a hot investment tip, a relative spouting off outdated directives about…
Read More “How do you know if you’re getting bad money advice?” »
All the free money from the government has been spent, and inflation is raging. Now you’re facing a vicious cash shortfall. What to do? One possible solution is taking an early withdrawal from your IRA. By early withdrawal, I mean one that occurs before age 59½. Needless to say, there are federal income tax implications,…
Read More “I need cash. How bad is it to take money out of my IRA?” »
As the country enters hurricane season from June 1 to the end of November, homes in New York and Miami are at the highest risk for property damage, according to a report released Wednesday from housing-research firm CoreLogic. Overall, more than 33 million homes in America are at risk of suffering damage from hurricanes, according…
I am very fortunate to have a steady career and a 401 (k), and I have been able to put money aside for my children’s education. This was not always the case as I had several years of education and a six-figure debt that I accrued, and I have learned to be very cautious with…
