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Category: Moneywise

Peter Schiff warns of a ‘housing emergency’ in the US — with a cascade of defaults as Americans mail back their keys. Will he be right again?

This article adheres to strict editorial standards. Some or all links may be monetized. Economist Peter Schiff made his name by predicting the 2008 housing crash. Now he’s sounding the alarm on another potential crisis in America’s housing market — one that could see a wave of homeowners mailing back their keys. Must Read Thanks […]

I’m 63 and getting divorced — and it feels like all my plans have been completely derailed. How do I rescue my retirement after losing half my assets?

Divorce is often a stressful and difficult situation for couples, but what happens when you’re divorcing in your 60s and close to retirement age? To make this scenario more tangible, imagine Mark and Jen, a San Diego couple who recently split after 35 years. Mark, 63, is worried about what the divorce means for his […]

I’m 61 with a stellar resumé but I’ve failed to get a job — or even an interview — since my layoff 10 months ago. Do I need to conceal my age?

Imagine this scenario: Gary has been job hunting for the past 10 months after being laid off by his previous employer. He has a ton of experience and excellent references, but here’s the catch: he’s 61. While he’s sent out countless resumes, he worries that he’s already aged out of the workforce. At the same […]

I’m 61 and tired of working. My wife and I have $1.5M saved — and we’re anxious to start the next chapter of our lives. Do we have enough to retire?

This article adheres to strict editorial standards. Some or all links may be monetized. When it comes to planning for retirement, evaluating your nest egg is a big part of the process. The state of your retirement savings can heavily influence when you decide to retire. Take Jim, 61, for example. He worked in corporate […]

Alberta woman says her recent vacation cost her $100K after a sudden medical emergency. Here’s how travel insurance can protect you from unforeseen costs

Insurance is one of those purchases that can feel like a necessary evil. After all, you’re paying money to cover you in case a rare incident happens. But for Alberta native Dione Amundson, her travel insurance may end up saving her around tens of thousands in medical bills. Amundson and her son traveled to Japan […]

Warren Buffett once told a group of students that money isn’t ‘that big a deal’ — but is he right? What the Oracle of Omaha prizes instead

This article adheres to strict editorial standards. Some or all links may be monetized. We’ve all heard it before: money doesn’t buy happiness — and investing legend Warren Buffett took that sentiment one step further. “When you get to my age, you will not measure how well you’ve done with how much money you’ve got, […]

Australians are blasting a new proposal that taxes ‘unused bedrooms’ to solve housing crisis — but would it work in the US?

This article adheres to strict editorial standards. Some or all links may be monetized. Like the U.S., Australia too has been grappling with a housing crisis. And experts Down Under have floated a controversial fix: taxing unused bedrooms in people’s homes. The idea stems from new research by real estate analytics firm Cotality, which found […]

I’m 35 and currently putting 10% of my $50K salary in a 401(k) — but I know nothing about the market. Should I just put everything in the S&P 500?

Investments in the stock market are key for growth in your retirement portfolio. But advice on how best to invest is rampant. How can you ensure proper diversification? Imagine Charlie, a 35-year-old man who hopes to retire at 67, in time to qualify for the standard Social Security benefit. Charlie is currently making $50,000 per […]

South Korea hosts live-stream crypto trading event with teams battling over real-time profits and losses. Is gamification the future of investing?

The gamification of investing took a hyper-leap at the latest Korea Blockchain Week held in Seoul from September 21 to 27. One of the side events, Perp-DEX DAY, was a live e-sport style spectacle where competitors traded perpetual futures — a type of cryptocurrency derivative. It’s a new prospect for gaming and entertainment, but despite […]

Retirees are leaving these 5 US cities in droves, including this onetime Florida haven. Here’s where they’re moving instead — and why

While you’re working, where you live is often dictated by jobs. But retirement flips the script — now you get to choose a place that fits your lifestyle, whether that means affordable living, sunshine, or peace and quiet. Before packing your bags, take a cue from other retirees — sometimes knowing where not to move […]

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