I’m 59, still owe $81K on my mortgage, and all I want is to retire — but is that dream slipping away from me?
Imagine this scenario: Brenda is 59, single, has no children and is eyeing retirement. The hitch? She still has $81,000 outstanding on her mortgage, so she’s wondering if it makes sense to remain in the workforce until it’s paid off. If she retires with a mortgage, she’d join a growing share of older Canadians who’ve […]
I’m 65, have $120,000 saved, collect Social Security of $1,700/month — but monthly expenses total $3,900. How can I make sure money doesn’t run out without sacrificing lifestyle?
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. At age 65, a $120,000 nest egg isn’t going to produce as much income as you might hope. Assuming you follow the 4% rule, you’ll only be able to […]
‘It’s just ugly’: Honolulu residents fed up with ‘monster home’ that’s been standing ‘derelict’ for 3 years — here’s what the city’s doing to crack down on these blights
Nestled in the Honolulu neighborhood of Kaimuki, a partially constructed building at 3615 Sierra Drive has become a focal point of contention. One of Hawaii’s so-called “monster homes” — unusually large residences, sometimes occupied by dozens of people — the structure has stood incomplete for three years, drawing criticism from residents and scrutiny from city […]
‘We’re not robots’: As recession looms, Americans may be unsure about what to do with their 401(k) — here’s what experts recommend
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. Since 1950, the US has weathered 11 recessions, proving time and again that downturns aren’t a question of if, but when. After a strong performance from the S&P 500 […]
‘Liberating these buildings from its dark past’: Developers spent $64 million turning this Virginia prison — originally commissioned by Theodore Roosevelt — into a 165-unit apartment complex
Would you choose to live in a prison? You might — if it had been converted into a community of well-designed apartments with a club house, swimming pool, green spaces, restaurants, retail shops and even a preschool. That’s exactly what was done to an old prison in Lorton, Virginia. Don’t miss I’m 49 years old […]
A ‘dark cloud’ is now hanging over the cruise ship industry as complaints of crimes aboard ships have risen in recent years — here’s how to stay safe while setting sail
Complaints of crimes and missing person reports on cruises that dock at U.S. ports have surged in recent years, fueling what one security expert calls a “dark cloud” over an industry eager to protect its reputation. Department of Transportation figures show 48 alleged incidents between Jan. 1 and March 30 of this year: 23 reports […]
Retiring soon? Not so fast. Here are 3 serious retirement risks that older Americans often forget about — and how to deal with them ASAP
Planning for retirement is something that’s best to do throughout your career, not just when you’re approaching that milestone and have a year or two left to work. Only half of Americans have tried to calculate how much money they’ll need in retirement, according to a 2024 survey by the Employee Benefits Research Institute (EBRI). […]
My brother needed grocery money for a few months, so I lent him the cash. He paid me back, but now he’s short again. Should I keep lending him money? Here’s how to offer a ‘responsible’ loan
A few years ago, your brother borrowed money to help pay for groceries for several months, and paid you back. But now, he finds himself short of cash again and you’re not sure whether you want to lend him more money. Wanting to help out a friend or family member when they’re in a financial […]
I’m 38 with bad credit and had financed a car for $15,000 at an eye-watering 14.89% APR — but I just got a call saying the loan went through incorrectly and my rate is now 15%. What do I do?
Financing a car at a high interest rate can be frustrating, but what’s even worse is being promised a specific rate through the car dealer and then being stuck with a different one. Don’t miss I’m 49 years old and have nothing saved for retirement — what should I do? Don’t panic. Here are 6 […]
Are recession fears keeping you up at night? Here are 3 strategic moves to protect your finances as Trump’s trade wars escalate
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. Recession fears have dogged Americans since the Covid years, and they’re showing no signs of stopping. In March, J.P. Morgan’s chief economist said there’s a 40% chance the U.S. […]