Here’s exactly when the majority of families start saving for college — but experts say that’s simply not good enough

Indeed, should you pull a Swift one and start thinking about your kids’ college — or even saving for it — before your kids are born? Valerie Macon/Agence France-Presse/Getty Images Taylor Swift, with ...

Retiring in a bear market can be catastrophic — working one more year can make a huge difference

Timing, apparently, is everything. Especially when it comes to retirement. Retiring in a bear market can harm your portfolio for the long-term, even if the market eventually recovers, according to a n...

Market strategist David Rosenberg: U.S. stocks will drop 30%. Wait to buy them.

David Rosenberg, the former chief North American economist at Merrill Lynch, has been saying for almost a year that the Fed means business and investors should take the U.S. central bank’s effort to f...

Tesla Raises New Car Prices as Used Values Sink. Carvana Is Trying To Keep Up.

Tesla just raised the price of its Model Y, but used car buyers looking for an electric vehicle in 2023 could end up paying more than the price of a new EV if they are not careful. Fluctuating pricing...

Dear Tax Guy: I just started renting my house out on Airbnb. What income-tax deductions can I claim on this property?

I just started renting my house out on Airbnb. I started a limited liability company to keep the expenses separate from personal ones. I am trying to figure out what would be considered tax deductions...

I’m 64, make $1,500 a month driving Uber and get almost $5,000 a month in pensions and Social Security – should I pay off my mortgage before I retire?

Hi, I’m 64 and getting ready to retire in one year. I owe approximately $165,000 on my house with no other debt. I have close to $850,000 in retirement savings, $2,200 a month from a pension, approxim...

Eli Lilly and Novo Stock Sold Off. Don’t Blame Their Diet Drugs.

Stock in Eli Lilly and Novo Nordisk outperformed last year, largely because of remarkable demand for new drugs that drive weight loss in patients afflicted with diabetes and obesity. Both stocks were ...

‘I’m stretched thin.’ I’m 23 and make $75K a year living in the Northeast. But between rent and other bills I have ‘very little’ in the bank each month. Should I hire a pro to help?

Question: I’m 23 and living in a high-cost area in Rhode Island. I make a $75,000 salary, plus monthly bonuses that will hopefully get me near six figures by the end of the year. I’ve worked full time...

Apple earnings may rely on an unlikely hero amid iPhone uncertainty

Apple Inc. was saved in its last earnings report by an unlikely hero, and the same dynamic may show up in the tech giant’s holiday earnings. Macs posted record revenue of $11.5 billion that was more t...

‘My stepmother has been less than ethical’: I suspect my stepmom removed me as beneficiary from my late father’s life-insurance policy. What can I do?

Dear Quentin, My dad passed away in March 2019. My stepmom told me I had an inheritance from my dad.  She ceased communication with me after my dad passed away. I reached out to the Department of Fina...

Ford to cut Mustang Mach-E prices as price war with Tesla ‘intensifies’

Ford Motor Co. said Monday that it would be “significantly increasing” production of its Mustang Mach-E in 2023 as the company continues its efforts to improve supply of its electric-vehicles and cut ...

This 72-year-old is hoping to fund her retirement on GoFundMe

GoFundMe campaigns have been raising piles of cash for older Walmart workers who want to retire — but the heartwarming stories about sudden windfalls mask a dark reality about economic security and gr...

I’m still working at 75: Do I need to take RMDs from my 401(k)? 

Dear Fix My Portfolio,  I retired from the U.S. Postal Service in 2004 and have a yearly pension from the Office of Personnel Management (OPM). I also work part time at a big hardware chain and have a...

How long does your retirement savings need to last? First, learn how long you might live.

One of the things that makes it so hard to save for retirement is not knowing how long it will last. You’re trying to amass a nest egg big enough to never run out of money while you’re alive — without...

7 EVs That Cost Less Than the Average New Car After Tax Credits

Electric vehicle buyers in the U.S. can now get a purchase tax credit from the government, and it has pushed the price of several high-volume EVs below the average price paid for a new car in America....

Retirement may be bad for your brain. Is working longer the solution?

When we retire from our jobs we may be giving up more than staff meetings, desk lunches and a paycheck. The social interaction and mental challenges found through work can be good for our mental healt...

7 EVs That Qualify for a Tax Credit—and Cost Less Than the Average New Car

Electric vehicle buyers in the U.S. can now get a purchase tax credit from the government, and it has pushed the price of several high-volume EVs below the average price paid for a new car in America....

House prices slumped by 10% in San Francisco, Redfin says — and prices are also falling in these cities

Even as mortgage rates come off of recent highs, buyer demand remains constrained. And that’s affecting home-list prices, according to a new report. The report by Redfin RDFN, +8.45%, which tracked ho...

I ruined my family’s finances by withdrawing from my 401(k) to buy a house – I regret it

I recently made a panic decision to withdraw all my money from one retirement account and I am now closing on a house in February (about $200,000). I am 36 years old, married and have a 1-year-old. Ha...

Are high car prices the new normal? If you’re waiting to buy a car, stand firm, experts say—it may pay off.

The roller coaster economic ride that began with the emergence of COVID-19 in early 2020 has reshaped how car buying works. Will it ever get back to what we might call “normal?” Brian Finkelmeyer, sen...

Tesla Has Too Many Cars to Sell. It Needs to Cut Prices.

Tesla has a new problem. U.S. inventories of its popular Model Y are ballooning because of tax-credit confusion. There is a solution to its electric-vehicle glut, though. Inventories of Model Y SUV ar...

The ‘best job in America’ pays over $120,000 a year — and offers a low-stress, healthy work-life balance

We’ve had the great resignation, quiet quitting, resistance to going back to the office — and now? It turns out people are looking for happiness, stability, flexibility and a good salary. In 2023, in ...

‘Our kids say our small house is embarrassing’: My husband and I earn $160K, have $1 million in retirement savings, cook at home and drive an old Honda. Are we missing out? 

I’m a pretty fortunate person who lives a pretty fortunate life, and our annual household income at $160,000 is high compared to the rest of the world. However, we are still pretty frugal — we cook at...

The New EV Tax Credits Don’t Make Sense

Finally something the left and the right can agree on. The U.S. government electric-vehicle new purchase tax credits don’t make sense. At least the government is now accepting ideas on how to fix the ...

Turning 72 or 73 this year? Here’s what to do about your required minimum distributions

Anyone turning 72 years old in 2023 is getting a birthday present from Congress – one more year to push back their required minimum distributions from their retirement accounts.  As part of the Secure...

Looking for clues about iPhone supply? Ask AT&T, Verizon and T-Mobile

How have iPhone sales have fared in the wake of production constraints on high-end models? Wall Street likely won’t get a clear answer until Apple Inc. reports earnings later this month, but some publ...

‘I can no longer be an executive at a high level’: Workers with disabilities, including long COVID, are finding their place as companies become more flexible

Dana Pollard started a new job at the end of 2022, after spending three years recovering from a 2019 stroke. Pollard, 56, lives in Fort Worth, Texas, with his wife. After the stroke, he could not reco...

‘A friend advised me to find a husband’: I’m nearly 50 and close to retiring. Would it be a mistake to marry and commingle my finances?

I’m a single female in my late 40s with no children. At 50 years old, my federal agency will allow me to retire with a full pension. I’m planning to, as I have a significant amount saved in my thrift ...

Oorbit, LG Partnership To Bring The Metaverse To Living Rooms

South Korean tech giant LG Electronics has announced a partnership with the cloud-based technology platform Oorbit.  The partnership will aim to bring the metaverse directly into the living room of TV...

‘Am I crazy?’ I’ve paid my fiancée rent for 9 years and spent $10,000 improving her home. She’s also listed on my health insurance. What would you do?

I have a situation that is causing a lot of issues in my relationship. We have been dating for 17 years, have lived together for close to nine years and have been engaged for six.  When I moved into h...