I’m 53 years old, a registered nurse and planning to retire at 58. I am married, my wife is two years older than I am and she plans to retire at 62. We have a good marriage and friendship. We have thr...
Tag: Personal finance
Flexible hours let this company’s workers fit work around their lives
Allison Greenwald, senior product manager at The Alley Group, spent five weeks in Alaska while working a flexible schedule. Courtesy: Allison Greenwald Millions of Americans are quitting their jobs an...
EV mechanic Carl Medlock found a niche fixing Teslas
There’s an opportunity for entrepreneurs in the electric vehicle market. Electric vehicles are sweeping the auto industry, and while all the attention is directed at flashy car unveilings and au...
The latest mortgage rates, and what pros say will happen to mortgage rates in 2022
What you might pay for a mortgage now Getty Images/iStockphoto Mortgage rates are rising: According to the latest data from Bankrate, 15-year-mortgage rates rose slightly from a day prior to 3.65% (3....
Americans are pausing investments because of the Russia-Ukraine war
The ongoing Russia-Ukraine war is degrading Americans’ financial outlook, sparking the desire to save more and postpone investing, according to a survey from MassMutual. But steering clear of st...
Companies raise consumer prices but only sleuths can detect it
Alexanderford | E+ | Getty Images Americans are paying more for a broad swath of household goods these days. Even items without a higher sticker price may still cost more — it’s just hard to not...
‘Where should I live and what am I going to do?’ Retirement advice we’re not getting from financial advisers
Retirement is one of the Top 10 most stressful life events, according to the psychiatrists Thomas Holmes and Richard Rahe. As someone who recently began unretirement (or semiretirement), I concur. But...
Dealers are desperate to get their hands on your leased car—how you might make that pay off
That car you leased three years ago probably has become a cash cow. But deciding what to do with that equity — and what to drive next — has become confusing. Before the car market was turned upside do...
96% want vacation dollars to further sustainability goals, says survey
Forty-eight percent of respondents told Kind Traveler their greatest challenge in traveling sustainably is finding accommodations that are both “sustainable and socially conscious.” Klaus ...
Inflation is causing some older Americans to delay retirement plans
As inflation rises, many Americans are shifting life milestones, including retirement. Some 13% of Gen Xers and baby boomers say they have postponed or considered delaying plans to leave the workforce...
Opinion: Top investors dump stocks — why that might mean you should buy
Well, here’s some cheerful news for all of us with a retirement portfolio: The geniuses running the world’s biggest investment funds have panicked and have bailed out of the market. If that’s not a go...
I graduated college at 40, but defaulted on my student loans. How can I deal?
How to get out of student loan debt Getty Images/iStockphoto Question: I am about to turn 65 and eligible for Medicare. I have a bachelor’s degree in business and organizational communications and an ...
Investors Sue Vanguard After Target Date Funds’ Big Tax Bill
Three investors are suing Vanguard Group for alleged negligence and breach of fiduciary duty, saying that changes the company made to target date retirement funds resulted in “massive tax bills” for i...
Why the Federal Reserve raises interest rates to combat inflation
The Federal Reserve building in Washington, January 26, 2022. Joshua Roberts | Reuters The Federal Reserve is poised to announce its first interest rate hike since 2018 on Wednesday. The central bank ...
This is the minimum amount of money you should have in savings, pros say
How much money should you have saved? Getty Images/iStockphoto You probably know the emergency fund ‘rule’ — save anywhere from 3-9 months of expenses to cover a potential unexpected expense. And whil...
Bill Gross, ‘King of Bonds’ and Prominent Crypto Critic, Invests in Bitcoin
Bitcoin prices are not in great shape. Many investors and observers are wondering whether the top cryptocurrency by market value will soon return to its highs posted last November or if has left for a...
Bipartisan lawmakers push for IRS answers on problems facing taxpayers
Signage outside the Internal Revenue Service (IRS) headquarters in Washington, D.C. Bloomberg | Bloomberg | Getty Images A group of bipartisan lawmakers is pressing the IRS for answers on lingering is...
Want to Buy a Retirement Retreat? Here Are Some Risks and Costs to Consider.
Dreamstime Text size For 35 years, financial planner Harold Evensky watched clients retreat regularly to vacation homes, enjoying serene beaches or mountains and the joy of family gatherings. And befo...
Cash-rich states are slashing taxes amid revenue windfalls
Anchiy | E+ | Getty Images And this year, at least a dozen states have made cuts or are eyeing reductions, including both temporary and permanent measures, according to the Tax Foundation. While the...
Your 2019 leased car could now be worth $7,200 more than expected
Fg Trade | Istock | Getty Images If your three-year auto lease is coming to an end soon, be aware that your car may be worth far more than you realize. The 2022 average trade-in value for 2019 model-y...
Capital Gains and Dividend Tax Rates for 2021-2022
Investors with taxable accounts—as opposed to tax-favored retirement accounts such as individual retirement accounts or 401(k)s—are often eligible for lower tax rates and other benefits. When an inves...
Meet the company that lets you work remotely from anywhere in the world
Sevdha Thompson, digital producer of marketing for Coalition Technologies, spent a few weeks working in Costa Rica last year. Courtesy: Sevdha Thompson Millions of Americans are quitting their jobs an...
4 of the top 100 financial advisers on the best money advice they’ve gotten
Often, advisers have received tips from mentors and colleagues to help them successfully conduct business, grow wealth and interact with their investors. Getty Images When it comes to investing and ma...
Opinion: Timeshare apartments are wildly popular — and often lead to buyer’s remorse. Here’s how to unload one without losing money
(AP Photo/Lynne Sladky) Hi, Ms. MoneyPeace: I have been receiving your MoneyPeace email newsletter for years and enjoy reading them. My husband and I are in a difficult situation. We bought a timeshar...