I went to brunch last weekend and, when the server handed us the bill, she said a 20% service fee was added to cover her benefits and health insurance, but that it was not a tip. I am absolutely supp...
Tag: Living
‘It seems a bit like Lucy pulling the football away.’ Student loan borrowers got another break on payments — what comes next?
President Joe Biden extended the lifeline the federal government has provided to most student-loan borrowers during the pandemic. But that doesn’t mean these borrowers are feeling any more assured of ...
As food prices hit an all-time high, more Americans have abandoned online grocery shopping and returned to supermarket aisles
More Americans are browsing again — in grocery-store aisles rather than online. With U.S. states abandoning mask mandates in public places, and more retailers dropping requirements for masks — and the...
I’m 61, left my job due to medical reasons, and made $150,000 from the sale of my home. I’d like to work for at least another 5 years. Can I still retire? If so, how?
Dear Quentin, I recently sold my house and had to leave my job due to a medical issue that was easily resolved, and I am now fine. I have approximately $150,000 in my checking account from the sale of...
‘We are not sure how prepared we are for retirement’ – we are 60 and 61, and don’t know how much longer we can work, have $360,000 in retirement savings and a pension
I am a 61-year-old teacher in Missouri who plans to work 3-4 more years before retiring. Depending on what option my husband and I choose from the Public School Retirement System, we should get betwee...
Three things to take care of when you retire—your future self will thank you for it
After a working lifetime of alarm clocks and meetings, you might be looking forward to a lot more unstructured time once you retire. But taking care of one more to-do list early on can set you up for ...
Do I resist refinancing my $160,000 federal student loan at a lower rate in the hope there will be loan forgiveness? What are the chances it will happen?
I graduated from college in 2017 with more than $210,000 in federal student-loan debt thanks to out-of-state tuition, a master’s program, and not fully understanding this cost at that time. I’ve chise...
Retired? Here’s when you don’t have to file your taxes – and when you do
Not all seniors need to file a tax return, but others may incorrectly think they fall in this category – don’t make that mistake. Retirement Tip of the Week: If you don’t plan to file a tax return th...
I’m 41, my partner is 50. We have $800,000 in retirement savings and make $250,000. We want to retire ASAP but know our money won’t last us our lifetimes – what can we do?
I love reading your responses to everyone’s retirement questions, but realized that I haven’t seen one that matches up closely to what I’m hoping to do. I am 41, and my partner is 50. We are both empl...
My wife and I have $750,000 in savings and earn over $144,000 a year. Can we afford to spend $5,000 per month on housing?
Financial advisers recommend spending no more than 30% of take-home pay on housing. I have always lived by this rule and now have $750,000 in cash savings. But now I need to make a big move. Is there ...
Is a yield curve inversion a foreboding sign for mortgage rates? Does it really signal a recession? Economists weigh in.
For a moment this week, the bond market flashed a signal that some associate with impending recessions. Home buyers need not worry just yet, according to economists. On Friday, the 2-year rate, which ...
Opinion: This simple change in words can dramatically increase retirement savings
In today’s increasingly complex financial world, individuals are faced with many competing financial priorities — from student debt to emergency healthcare expenses, just to name a few. As a result, n...
Don’t burn bridges: Companies are welcoming back older workers
Chris Thorson, age 55, is very busy. He has a side hustle making Scandinavian knives; he’s a high school volunteer mountain bike coach in Minneapolis; and he’s board chair of the nonprofit National Ce...
I’m 67 and retired with $57,000 left on my mortgage and $600,000 saved for retirement — should I pay off my home now?
I am 67 years old, single and retired at 66. After taxes, I receive $3,100 per month from a pension. After taxes and my Part B Medicare payment, I receive $2,100 per month from Social Security. I have...
My husband and I bought a retirement condo in 2008, and he died two years later. The condo is worth $50,000 more than we paid. Should I sell it now or wait?
Dear MarketWatch, I have a condo in Palm Desert, Calif., that my husband and I were going to retire to. We also have another primary residence in nearby Riverside. We bought the condo in 2008 for $363...
Opinion: How to make your money last in retirement
Lots of research has been done on the best way to generate retirement income. It’s one of the most popular financial topics. I think this popularity is driven by two things: its obvious importance—and...
‘I can tolerate him for 7 months — at the most’: My husband and I live apart in the summer. Should I refinance my house and set up a joint savings account?
Dear Quentin, My husband of seven years owns a home in Minnesota, and has a mortgage. I own a home in Florida with no mortgage. We have no savings or retirement accounts. Should I pull my equity from ...
Robinhood extends trading hours from 7 a.m. to 8 p.m. — 3 rookie mistakes when trading stocks after hours
At 7 a.m., it can be the time for a morning coffee while 8 p.m. can be time to have supper, watch your favorite television shows, or even enjoy a glass of wine. If you have a Robinhood account, it’s a...
‘Is this a good deal, or should I run for the hills?’ My boyfriend of five years wants me to give him a $165,000 loan using his house as collateral
Dear Quentin, I would like your advice on giving a hard-money loan to the man I’ve been dating for five years. He pressed me on this issue three years ago. I didn’t do the loan then, and it was a seri...
What happens when the kids leave home?
A key part of your retirement financial plan may be based on a faulty assumption. I’m referring to whether you’ll save and invest more for your retirement after your children become financially indepe...
Opinion: I want to leave a Roth IRA to my sister with special needs — what’s the best way to do that?
Q.: I have a Roth IRA that I would like to leave to my sister. She has mental-health issues and I want to have a way to leave money to be distributed monthly without paying it all out in handling fees...
Weekend reads: the slowing housing market and inverted yield curve signal a coming recession
It is human nature to fear missing out as prices skyrocket, But all bubbles burst eventually. Ian Shepherdson of Pantheon Macroeconomics predicts a 25% decline in U.S. home sales. What will that do to...
Nvidia Stock Is Downgraded. China and Russia Are Headwinds.
Text size Dreamstime Nvidia shares were falling on Monday after the stock was downgraded by a Baird analyst, who cited concerns over slowing consumer demand exacerbated by the Russian embargo. Nvidia ...