Sol Dias Ice Cream, in the Dallas metro area, draws in customers with its award-winning mango sorbet and flavors with a Mexican twist like “tequila” and “queso.” The unique fla...
Tag: Personal finance
We are in our early 60s and have a $750K portfolio that is ‘sinking fast.’ But we want to pay for our daughter’s medical school. Who can help us figure this out?
Have an issue with your financial adviser or looking for a new one? Email [email protected]. Getty Images Question: We are in our early 60s and have a roughly $750,000 portfolio that is sinking fa...
Weigh these 7 factors first
Halfpoint Images | Moment | Getty Images 1. Investment fees Investment fees are a big consideration for rollovers, advisors said. Investment funds in 401(k) plans are generally less costly than their ...
These are the 10 most rent-burdened metro areas in the U.S.
Spencer Platt | Getty Images News | Getty Images New York is the most rent-burdened metro area in the U.S., according to a new report from Moody’s Analytics. A household with the median income i...
‘And then 2022 happened’: I borrowed $500,000 from friends and family to invest in the stock market, foolishly promising a 10% return. Can I avoid legal action?
Dear Quentin, I am a budding options/futures trader with my own sole proprietor investment business. Heading into 2022, I took on a large cash infusion of $500,000 from friends and family under the g...
How to retire rich — even if you just got wiped out
The Wall Street Journal published an article over the weekend about all the millennials and Generation Z “zoomers” who have fled the markets after getting crushed in the 2022 rout. One was 25-year-old...
Suze Orman says this is the $1-$2 mistake that can ‘creep into’ too many of your financial decisions — and it could cost you tens of thousands of dollars
Finance guru Suze Orman recommends asking yourself: “Are your needs as inexpensive as possible?” Getty Images for WICT Saving a dollar or two here and there may seem trivial, but finance guru Suze Orm...
‘I really need help.’ I have $580K in retirement savings, but can’t find a financial adviser because the ones I spoke to want clients to be richer than me. What should I do?
Have a question about your financial adviser or looking for a new one? Email [email protected]. Getty Images/iStockphoto Question: I’m in Maryland and could use a financial planner for my Roth IRA...
Auto insurance is up by more than 15% this year in some states
Miniseries | E+ | Getty Images As with many line items in your household budget, your auto insurance probably costs more this year than in 2022. How much more? related investing news It depends on a v...
‘I am watching my inheritance evaporate’: My brother and sister constantly hit our parents up for money. What can I do to stop this?
I am 46 and single. I have a good job and own my own home but live modestly. I have been fortunate not to have had to ask my parents for anything over the years. My brother and sister, by contrast, ha...
Wholesale egg prices have ‘collapsed’ from record highs in December
Egg shelves in New York on Jan. 21, 2023 with a note apologizing to customers for the price increase. Fatih Aktas/Anadolu Agency via Getty Images Wholesale egg prices have cratered in recent weeks fro...
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 ...
We’re retired and recently lost $100K from our portfolio. Our adviser said ‘we could lose another $100K in 2023.’ Is that crazy?
Should you decide to switch advisers, be clear about your expectations and get a good understanding of the new adviser’s investment philosophy. Getty Images/iStockphoto Question: I retired in October ...
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...
Amid food inflation, more shoppers turn to dollar stores for groceries
A man looks at frozen foods for sale at a Dollar Store in Alhambra, California on August 23, 2022. Frederic J. Brown | AFP | Getty Images Among all rising costs, sky-high grocery bills have been espec...
‘Best in 15 years.’ This investment is now offering a guaranteed return of up to 4.78%. Should you bite?
Is a certificate of deposit right for you?. Getty Images Certificates of deposit (CDs) let you deposit your money for a predetermined amount of time at a fixed interest rate and collect your earnings ...
Property Taxes Are Going Up; Here’s How to Lower Your Bill
Listen to article (1 minute) The cost of homeownership will rise for millions of Americans in coming weeks as new property-tax assessments arrive in the mail. Property taxes have risen across much of...
6 leading real estate economists and pros on what to expect from the housing market this winter
Getty Images Some aspiring homebuyers are in for some much-needed relief. “Right now might appear more appealing to some buyers because, recently, the housing market has been cooling. Prices are dropp...
We make $140K in Raleigh and hope to retire in about a year with $1 million. Is there a certain type of financial adviser we should be looking for?
Raleigh, North Carolina Getty Images/iStockphoto Question: I live in Raleigh, North Carolina. I’m about to turn 65 and looking to work maybe one more year. Our combined income is approximately $140,00...
Auto loan delinquencies rise. What to do if you struggle with payments
Fotostorm | E+ | Getty Images For a rising share of car owners, monthly auto loan payments appear to be evolving into a problem. While borrowers who are behind on their payments by more than 60 days r...
Thanks to payouts of 4% or more, the humble CD is making a comeback. Should you get one?
Should you get a certificate of deposit? Getty Images/iStockphoto Google searches for CD rates have jumped considerably in the past year. And no wonder: As the Fed keeps hiking interest rates, payouts...
Jobs report tells markets what Fed chairman Powell tried to tell them
Oh dear. A lot of investors just learned again, the hard way, the old rule: When someone tries to tell you something about themselves, listen. On Wednesday afternoon Federal Reserve Chairman Jerome Po...
Don’t risk an audit. Here are four reasons the IRS may flag your return
dmphoto | E+ | Getty Images Tax season is underway and there’s been increased scrutiny of the IRS as the agency starts deploying part of the nearly $80 billion approved by Congress in August. W...
The Fed raised interest rates this week. So here’s what you should be earning on your savings account now
Savings accounts are already paying far more than they did even a year ago. Getty Images/iStockphoto On Wednesday, the Federal Reserve raised interest rates a quarter percentage point, and officials n...
I’m 72, have a cushy amount invested and was withdrawing 4% a year. But once I pay my financial adviser’s fees and California taxes that won’t be enough. What’s my move?
How to figure out if your adviser is worth what they’re charging you. Getty Images/iStockphoto Question: I have a comfortable balance in my investment account but have a question about only taking out...
15 dividend stocks whose 5% to 10% yields appear safe in 2023 and 2024 by this analysis
Corrected dividend stock screen table, because Hanesbrands had eliminated its dividend on Feb. 2. See note above table. If you are investing in dividend stocks, the last thing you want to see is a com...