Q.: I read that you need $6,000 of income to make an IRA contribution. Is that per person? My wife did not work in 2020.Read More »
Many retirees are giving up on international stocks. Is that a good idea? One argument in favor of giving up is that the large-cap stocksRead More »
Investing in real estate is a great way to grow your wealth. Property tends to appreciate in value over time and has the potential toRead More »
From MarketWatch: Whether you’re 55 or 25, do this to secure your future Social Security benefits: To see estimated future benefits, begin strategizing how toRead More »
“ ‘If we count how many jobs may have been created if the recession hadn’t hit …we are now short 11 million jobs since February.’Read More »
Where Should I Retire?: We want to leave cold Midwest states for ‘warmer and drier climes’ and affordable health care on $44,000 a year — so where should we retire?
Dear MarketWatch, My wife and I will be retiring in five years. We have lived in colder northern Midwest states for most of our livesRead More »
The Moneyist: After a disagreement, my aunt took over as my grandmother’s power of attorney and executor of my grandfather’s $1.3 million estate. Should I retaliate?
Dear Quentin, My grandfather recently passed away, and my grandmother has been declared mentally deficient enough that her insurance paid for full-time care in aRead More »
The Moneyist: My wife’s father left her a home and share in a trust. This subsidizes our lifestyle. Should I try again to convince her to make a will?
Dear Quentin, I live in Pennsylvania. Four years ago, my father-in-law died leaving a trust for my wife and her two sisters. They each receivedRead More »
The Moneyist: My parents claimed me on their 2019 taxes and received my 3rd stimulus check, but I don’t qualify based on my 2020 taxes. Will the IRS ask for it back?
Dear Quentin, I’m confused. My parents claimed me on their 2019 taxes (which was fine and agreed upon). However, I got married and filed myRead More »
The pandemic has changed the way Americans shop. Nearly one in five grocery shoppers in a national survey reported buying more private-label or store-branded goodsRead More »
In a recent column, I wrote about how you could use beneficiary designations and transfers on death directives to make sure your assets at financialRead More »
The Moneyist: ‘I cut his hair because he won’t pay for a haircut’: I’m 76. My multimillionaire husband is 90. I’ve looked after him for 41 years, but he won’t help my son
Dear Quentin, My husband and I are both on our second marriage, and we have been married for 41 years. He has 3 sons fromRead More »
The Moneyist: I’m 68, earn $130,000 and love eco-travel in Peru, Brazil and Africa. I want to travel while I can, but I’m scared to stop working
Dear Quentin, I’m a 68-year-old guy having just worked from home for a year because of the COVID-19 pandemic. I earn about $130,000 a yearRead More »
Among many other things, the $1.9 trillion American Rescue Plan Act increased eligibility and the amount of the earned-income tax credit (EITC) for taxpayers withRead More »