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Are you obligated to support your parents?
Question: My retired parents are having a hard time paying for their modest living expenses in Florida, and they might be facing home healthcare or nursing home costs soon. I think my siblings and I should all chip in, but my brother is balking. He says we have no moral obligation to help our parents, and that’s what government assistance is for. What do you think? Answer: I’m... READ MORE
Some of the best things you can get for free
Only one thing beats getting a good price on something, and that’s getting it for free. Our list of freebies is packed with something-for-nothing deals. We don’t allow any useless junk on our list — only quality goods and services that you would happily pay good money for (perhaps you’re already doing so). Go ahead. Put away your wallet. We insist! Free podcasts Whether you... READ MORE
After writing a will, create an estate plan
Most people have a will. But a simple will often doesn’t cover some complex issues facing your heirs, which is why I recommend an estate plan. I work with doctors, accountants and other professionals, small-business owners, and people getting ready to retire. They may have a will and a trust for their children, but an estate plan answers three fundamental questions: What you want... READ MORE
The challenges of aging in the workplace
Teresa Ghilarducci is an economics professor at the New School for Social Research in New York and the director of its Schwartz Center for Economic Policy Analysis. She has written extensively on money and retirement, including her newest book, Rescuing Retirement (Columbia University Press, $25) with Tony James, president of the Blackstone Group. In this lightly edited conversation with ... READ MORE
How to make the most of rising CD rates
As the Federal Reserve hikes interest rates, banks have been more generous in boosting yields on short-term certificates of deposit than on other types of deposit accounts. Even brick-and-mortar institutions — which lag Internet banks when it comes to pushing up rates on deposit accounts — are loosening the CD purse strings. Recently, with a $5,000 minimum deposit you could earn as... READ MORE
Ways to maximize returns on your cash
Savers with high cash balances face a conundrum: How can they earn competitive yields without sacrificing federal deposit insurance coverage? As the Federal Reserve raises interest rates, the question takes on greater urgency. Some banks are now offering yields north of 2 percent, which is the Fed’s inflation target, “so for the first time in more than a decade, savers are in a... READ MORE
Money 2018
