Author: super@dmin

Dear Moneyist, My wife and I got married at 63. We are the same age. She was debt free. Her parents bought her everything, forever. She made $30,000 per year after quitting a job as a heart nurse. Her dad gave her $28,000 a year tax free. She also had approximately $800,000 banked. I made…

Sharp-eyed investors are always on the alert for pricey fees on mutual funds. In some cases, those investors work at the fund companies themselves. ‘If fund companies open up their plans to competing products, that creates a business problem. But shame on them if they’re providing high-cost versions of their [own] funds in plans for…

In the “Back to the Future” movie series, the character Biff knows how valuable The Grays Sports Almanac is to his past self. “You see this book? This book tells the future. Tells the results of every major sports event till the end of this century,” he tells his younger self. His younger self is,…

Looking ahead to the next phase of life can seem pretty dreadful if you can’t stand the person who you’ll be spending it with. That may be what some boomers are facing. Among U.S. adults ages 50 and older, the divorce rate has roughly doubled since the 1990s, according to a Pew Research Center report.…

Suze Orman is one of those singular personalities in the financial business who seems to be right on the pulse of everyone she meets. She’s written books, starred in her own television show and made innumerable appearances in person. Like Oprah and Bono, she’s nearly a one-name-only celebrity. Say “Suze” and you know who I…

On Aug. 17, the Internal Revenue Service released a private letter ruling that could make it easier for employers to use their 401(k) plans to assist their employees who are repaying student loan debt. Over the last decade, student loan debt has nearly tripled in real terms and, today, Americans hold $1.4 trillion in student…

Next time the cashier at the checkout counter suggests signing up for a credit card to get extra savings, you may want to hold off. Nearly half (47%) of Americans who have held a store credit card have regretted their choice to get one, according to a survey of 1,500 people conducted by LendingTree TREE,…

Dear Moneyist, My 94 year-old mother-in-law has an unusual amount of debt for someone her age. She owned her Michigan home free and clear before she opted for a home equity line of credit (around 2009, I think), which now has a balance of roughly $43,000. And she definitely does not understand the complex details…

Dear Moneyist, My 93-year-old mother has dementia. She has used a broker that she and my father basically inherited when their prior broker left the firm. She liked him very much and, not being that smart financially, I trusted him as well. She thankfully has sufficient funds to support her, as my father passed away…

U.S. stocks closed mostly lower on Friday with bulls failing to defend early gains as weak housing data overshadowed solid corporate earnings. The market’s choppy action coincides with the 31st anniversary of the 1987 crash. How did the benchmarks fare? The Dow Jones Industrial Average DJIA, +0.26% rose 64.89 points, or 0.3%, to 25,444.34. The…