My wife and I, both 79, are trying to survive on $2K/month from Social Security. Our house is paid off and we have $50K in savings, but we’re scared of running out of cash — what do we do?
We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. Running out of money during your retirement can take the shine off your golden years, and the risk might be greater than you think. After all, the average life […]
All this talk of tariffs and market volatility may have you thinking: If the stock market crashes, what’s an investor to do? Here are 3 things to be mindful of
The economic uncertainty caused by President Trump’s repeated threats of across-the-board tariffs on Canadian imports, alongside our nation’s retaliatory response, has been negatively impacting the Toronto Stock Exchange (TSX). Per recent Morningstar reporting, on March 4, the S&P/TSX Composite Index with a net loss of 429 points. A potential trade war with the US has […]
I’m 53 and currently have a lot more saved for retirement than my spouse does. How should we strategically save to maximize our gains and meet both our needs?
It’s always a good idea for married couples to be financially aligned when it comes to saving for retirement— even if there’s an age gap in the relationship and one spouse has a higher income or more savings. Let’s say you’re 53, five years older than your spouse — you may have more savings because […]
Seattle woman’s husband hid $15K in cash in a closet and spontaneously bought a 28-foot boat — and he doesn’t think it’s a big deal. Here’s what really worries Dave Ramsey
Jenn from Seattle had long felt something was off with the joint finances she shared with her husband. But things came to a head when he withdrew around $4,000 from their shared account and surprised her with an unexpected and costly anniversary gift: a cabin cruiser boat. That prompted her to dig deeper. What she […]
This Brooklyn landlord with diabetes is clashing with tenant over 1st-floor unit, unpaid rent — but tenant is going nowhere and accuses him of harassment. Who’s right?
We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. A landlord-tenant showdown in Borough Park has raised questions about housing rights, health needs and who gets to decide who stays and who goes. Landlord Aneiello DeGiuda, a diabetic […]
If the worst happens tomorrow, will your family be financially OK? How to create a financial safety net for your family
One of the most uncomfortable questions for anyone to answer is: “What if…” And with good reason. No one wants to think of the worst-case scenario when you still have your whole life ahead of you. But even though this topic is a difficult one, taking out life insurance — especially while you’re young — […]
I’m 64 and hope to retire next year — but I’ve heard horror stories about retirement’s hidden costs. What am I not accounting for?
At 64 you may feel ready to swap office fluorescent lights for morning walks. Don’t miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don’t have to deal with tenants or fix freezers. Here’s how I’m 49 years old and have nothing saved for […]
Arizona couple busted for allegedly running a retail theft ring out of their living room — police seized $355K in stolen goods. Why what seems like a steal of deal could cost you big
Nephtali Santiago-Garcia and Yuli "Nissy" Esther Degante Vigueras must have had a house that smelled pretty good recently. That’s because the couple had an estimated $355,000 worth of Bath & Body Works products stashed on their property. The two individuals involved weren’t just really (really) into candles and lotions, of course. They were part of […]
He gambled away $35K, she covers all the bills — Ramit Sethi weighs in on couple’s messy ‘mother-son’ money dynamic
Money can be a source of conflict for couples — and it’s not just about who pays for what. In some cases, dynamics can arise that fuel resentment and erode trust. That’s the case for Taylor, 29, and Hayden, 25, who sought help from Ramit Sethi on an episode of the I Will Teach You […]
My landlord just offered to sell me the house I’ve been renting for 2 years. I ran the math and a mortgage will only cost me $30 more per month — is this a no-brainer?
Imagine this scenario: Beth is 36 years old and has been renting throughout her adult life. For the past two years she’s been living on her own in a three-bedroom rental she feels could be her “forever” home, located in a neighborhood she loves. Recently, her landlord offered to sell her the house and she’s […]