What to do with an older car: fix or sell?

By: Philip Reed

You’re looking at a $1,200 repair estimate for your ailing car when an ad catches your eye: a brand new set of wheels for a mere $450 a month. At first, dumping your old car might seem like a no-brainer — and you can’t help picturing how good you would look in that new car. But automotive experts say you’ll almost always come out ahead — at least financially — by fixing old... READ MORE

Thinking, and writing, about your legacy

By: Laura A. Roser

About half of Americans create at least one New Year’s resolution at the start of a new year, and most of those will have become a distant memory within months. But something you do at any time, and that can make a meaningful difference, is to draw up your own Personal Legacy Statement. It’s like an estate plan, but instead of focusing on finances, it focuses on what kind of life you ... READ MORE

Money market funds offering juicier yields

By: Lisa Gerstner

For years, money market mutual funds have paid practically nothing. But each time the Federal Reserve lifts short-term interest rates, yields on money market funds tend to rise in tandem. “That’s one of their most attractive qualities,” said Peter Crane, president of Crane Data, a money fund research company. Many money funds yield more than 1 percent, and Crane expects yields on... READ MORE

How rising interest rates affect your money

By: Anya Kamenetz

After years at rock bottom, interest rates are moving slowly and steadily upward. In late March, the Federal Reserve raised its benchmark lending rate to a range between 1.50 percent and 1.75 percent, the highest point since the 2008 financial crisis. The median forecast reported is for another three nudges upward this year. In April, Fed Chairman Jerome Powell reiterated the central... READ MORE

E-mails from the IRS and other tax scams

By: Kimberly Lankford

Question: I received an e-mail claiming to be from the IRS, asking for my bank account information to deposit my refund. I’m almost positive it’s a scam. How can I find out for sure, and how can I report it if it is fraudulent? Answer: It’s a scam — and one that’s common around tax season. The IRS doesn’t initiate contact with taxpayers by phone or e-mail. Most people know ... READ MORE

Why to consider long-term care insurance

By: Ken Moraif

I often suggest long-term care insurance to my clients, and I almost always hear this objection: “It’s too expensive.” Yes, long-term care insurance is not cheap, but medical insurance and Medicare typically do not cover that particular type of care, and it is incredibly expensive. The 2017 Genworth Cost of Care Survey lists the national median cost for a private room in a... READ MORE