Job switchers saw a greater increase in salary than people who decided to stay put. Here’s what’s at stake.

It pays to look around. The number of job switchers reporting wage gains has expanded while the number of job stayers reporting wage gains actually contracted as inflation exacts its toll, according t...

When will the Fed stop raising interest rates? The ‘terminal rate’ may still be far off

The U.S. economy is somewhere in the middle of the Federal Reserve’s interest rate hiking saga to tame inflation, but people already want to know where the story ends. That’s what’s getting discussed ...

What I learned when I took a corporate job after 20 years of working for myself

When I was 30, I quit my job as a lawyer to become a freelance writer, following a dream I’d had since I was a kid. At the time, I had sold two articles to magazines (Cosmopolitan and Bride’s) and bui...

With the Fed raising rates, should you pause plans to buy a house or car?

As if wasn’t already tough enough to make a major purchase at a time when living costs are skyrocketing, the interest rates to finance those pricey purchases are going up. Now consumers are confrontin...

WWE finds $14.6 million in ‘unrecorded expenses’ made by Vince McMahon

World Wrestling Entertainment Inc. disclosed Monday that it will restate financial statements back to 2019 after uncovering $14.6 million in “unrecorded expenses” paid out by former long-time Chief Ex...

Retirees, here’s how returning to work may affect Social Security, Medicare, pensions and taxes

Amid rising inflation and a volatile stock market, many retirees are heading back to work. In April, Hiring Lab, the economic research arm of the job board Indeed.com, reported that as of March 2022, ...

About 2,500 Boeing workers to strike after rejecting contract offer

ST. CHARLES, Mo. — Roughly 2,500 Boeing workers are expected to go on strike next month at three plants in the St. Louis area after they voted Sunday to reject a contract offer from the plane maker. T...

We have $1.5 million we don’t intend to ever use in retirement – how do we invest it if we plan on giving it to our kids one day?

I’m 59 years old, and my wife is older (retired early). I will be retiring next year after 40 years of Naval service and government contracting.  After the recent market crash in 2022, we still have a...

Some older workers are being welcomed back to the workforce

Tad Greener’s career and expertise was mostly related to electric and natural gas utilities. Toward the end of 2019 he unexpectedly found himself subject to a “reduction in workplace” at the universit...

Homeowners who locked in low mortgage rates have one reason to ‘celebrate’ right now, economist says

The government’s inflation numbers confirmed that the price of literally everything has gone up. But an economist said that there’s one group who actually may have benefitted from rising costs. Inflat...

7 financial planning steps to take in the decade before retirement

The decade leading up to your retirement is one of the most critical periods for retirement planning. There are a number of financial planning issues to consider during this time period to help ensure...

I’ll be 65 soon, have $320,000 in retirement savings and a paid-off home but I’m $46,000 in debt – should I take more money out of my investments?

I’ll be 65 in a couple months. I retired at 63 and am currently receiving survivor Social Security payments (from my late husband). I plan on switching over to my Social Security at 70. I receive abou...

We have 25 years until retirement and are saving 25% of our income — are we doing it right? And are we saving too much?

My wife, 33, and I, 40, have our own 403(b)s, Roth accounts (maxing their contributions this year for the first time) and pensions as part of our retirement plan.  My wife contributes 14% of her pay t...

Broadcom loses top software exec in the middle of VMware deal to head combined Citrix-Tibco company

Broadcom Inc.’s head of software Tom Krause is leaving the company in the middle of a $61 billion software acquisition he helped bring about, which analysts called “a surprise” and “not the greatest o...

The DOL has a new IRA rollover rule for advisers to follow

IRA rollovers are common, whether they’re from an old 401(k) or just one account to another, but a newly implemented Department of Labor rule says financial advisers suggesting the move have some expl...

U.S. homeownership rate tumbles to 1980s levels

High prices for everything from groceries to gas aren’t the only things making this year feel like a throwback to the 1980s. After almost a decade of gains, homeownership in the U.S. also has slipped ...

‘I wouldn’t be successful at my job without her’: My friend cleans, cooks and cares for my child. I pay her $50 a day. Am I taking advantage of her?

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...

Opinion: Early retirement in 3 steps: Follow the ‘Cashing Out’ couple’s road map to financial freedom

A couple of months ago, our five-year-old son was relieved to find out that he could have two best friends. For weeks he’d been stuck in an innocent adolescent triangle where both kids wanted him to b...

Here’s how much your Social Security check is likely to go up next year

Good news — sort of. If you’re retired or just about to retire, next year’s Social Security checks are likely to see one of the biggest bumps on record as a result of surging consumer prices. The aver...

Stock market nosedive, recession and your 401(k). Here’s what to do.

Even some of the most aggressive retirement savers and investors might find themselves a bit nervous these days with talks of a recession and a market downturn, so the best strategy for those in it fo...

Nearly one-third of older Americans have less than $10,000 saved for retirement

Many older Americans are willing to work during their retirement years — and they may have to be — because they aren’t financially prepared for their old age.  Almost three in 10 people between 55 and...

I want to retire next year, but I have $25,000 in credit card debt and a major monthly mortgage payment — I also live with my three kids and ex

I’ll be 57 next month and am divorced with three kids living with me. One is 28, she’s working, another is 21 and a senior in college (with a full scholarship) and the youngest is 15 (a sophomore in h...

SpaceX employees say Elon Musk’s behavior is a ‘distraction and embarrassment’: report

A group of SpaceX employees reportedly wrote a letter to the company’s executives that detailed frustrations over the recent behavior and public statements of the company’s founder and chief executive...

Fed’s biggest rate hike since 1994 means millions more homebuyers may be priced out of the housing market

Pity those first-time house buyers. On Wednesday, the U.S. Federal Reserve raised the benchmark interest rate by 75 basis points to a 1.5% to 1.75% range, the biggest increase since 1994 as it tries t...

Crypto crash FOMO? ‘I missed the bus on Bitcoin, but now feel like my time has come. Is it time to go big or go home? I have another 25 years of a boring 9-to-5 job, and I just want out.’

I read a letter from a reader last year who was suffering from crypto FOMO, and I have been following the crypto markets ever since. I felt like I missed the bus on Bitcoin, but now feel like my time ...

‘The goal is never to seek the top’: The wild, hair-raising ride of a 30-something investor who battled against NFT hackers and dodged the crypto crash

Vinny Zane has a taste for life — and an appetite for risk. The 38-year-old teacher and father of a 2-year-old son on Brooklyn’s Coney Island got into crypto in 2017 with $4,000 worth of Bitcoin, and ...

‘I respect every profession equally, but I feel like so many people look down on me for being a waitress’: Americans are tipping less. Should we step up to the plate?

I read your article about tipping. I’ve been serving and bartending for almost 16 years now, since I was 18. Waiting tables is so hard on your body, and a lot of people don’t appreciate all of the wor...

‘I’m being taken advantage of by my own husband’: I pay all the bills and gave the down payment for our home, and all he does is buy stuff and contribute to his 401(k)

I’m being taken advantage of by my own husband. I have been married for almost 10 years. When my husband and I were first married, he convinced me to stop working after the first year or so, which I r...

Opinion: Inflation is making everything we buy more expensive, and once stagflation hits things could get even worse

Last month I examined the culprits that are causing global inflation, including rising interest rates, persistent supply chain issues (China locking down cities), and climbing energy and fertilizer pr...

I lived in motels and ‘forgot to live’: I’m 48, have almost $900,000 and want to retire next year. What can I do?

I am 48 years old, single and have lived in various states and done diverse jobs.  Genetically, I foresee my life span being around 20 more years, as I lost my parents at a very young age. In this 15 ...

My parents-in-law sold their home and bought an RV. They have $200K in the bank. How can they protect their assets from being used for nursing-home costs?

My father-in-law has health issues. While he is not quite ready for a nursing home, that may be a necessity in the near future. He has state retirement benefits and a very small Social Security check....

Elon Musk says workers should return to the office or quit. It’s a big gamble: ‘Tesla is kick-starting its own local Great Resignation’

Elon Musk is giving his employees an ultimatum. Tesla’s  TSLA, -2.36% chief executive officer and founder responded Thursday to an apparent leaked email that called on employees to return to the offic...