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Rent doesn’t have to be a four-letter word for retirees. Here’s when some experts say renting can be a smart move.
This is reprinted by permission from . Some people rent in retirement because they don’t have much choice; they can’t afford to own homes. But financial planners say renting can make more sense than owning in some circumstances, even for retirees who can afford the costs of homeownership. Renting offers flexibility as well as freedom from… Source
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At 55 years old, I will have worked for 30 years — what are the pros and cons of retiring at that age?Â
Dear MarketWatch, I currently own one home, no mortgage with rental income. I own another home that will be paid off the year I turn 55. Both valued at $750,000. I have a 401(k) and other stocks and investments totaling another $750,000. My debt will be all paid by the year I turn 55.  I…
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Two breakthroughs on dementia — one that’s useful right now
Six million among us have full-blown Alzheimer’s disease, including 10% of those over 65 and half of everyone over 80. And many more have other types of dementia, or cognitive impairment typically associated with age. Actor Bruce Willis, a mere 68 years young, is the latest heartbreaking example in the public eye. So when it…
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My husband and I have two children. He has a daughter from a previous marriage. How much should I leave my stepdaughter in my will?
Dear Quentin, I am retiring soon with around $850,000 in stocks, $350,000 in a pension and about $30,000 in the bank. My husband and I own our home — worth around $275,000 — outright. We have been married for 37 years and have two children together, a son and a daughter, who are both adults…
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The cable guy introduced my 90-year-old stepmother to a new ‘friend,’ and she’s gotten fleeced. Am I legally responsible if she ends up destitute?
Approximately five years ago, my 90-year-old stepmother’s cable guy introduced her to his sister because they were both widows, and he said Mom could help his sister out with her wisdom and experience. The sister is 40 years younger than my stepmother and has a history of opioid misuse and gambling. She moved into my…
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‘I still struggle with impulse spending’: Do you need to cut your expenses? These financial influencers found their own novel solutions.
After Allison Baggerly got married and found herself pregnant soon after with her first child, she realized that along with her husband, the couple had over $111,000 in debt, mostly in student loans and car loans. The Houston-based couple, who were both teachers, had debt payments of over $1,400 a month — excluding their mortgage.…
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CLM23 | Crude Oil Jun 2023 Overview
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Worried the IRS is going to audit your tax return? If you make less than $400,000, you can probably relax.
Some clarity is emerging regarding statements from Biden administration officials that no one making less than $400,000 will see higher audit rates by the Internal Revenue Service, which is about to step up its scrutiny of wealthy taxpayers. The Inflation Reduction Act — the tax and climate package enacted last summer — earmarked $80 billion…
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Google puts 80-acre megacampus on hold
Google has halted construction of a proposed 80-acre megacomplex in San Jose, Calif., with no plans to revive the project anytime soon. The stalled project — which won approval nearly two years ago and would have had an estimated economic impact of $19 billion in the region — is the latest apparent victim of an…
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‘Pay the $8’: As celebrities like Alyssa Milano balk at Twitter’s new verification fee, some say they should just pony up
Actress and activist Alyssa Milano is making her thoughts known about paying $8 a month for Twitter’s blue-checkmark verification program. And let’s just say she’s not a fan of forking over the money. This week, Twitter ended its policy of giving users a free ride for such verification. The company has touted additional benefits of…