While setting up a new account may seem like a hassle, money sitting in a savings account earning 0.01 percent, which is still the rate at some large banks, is losing purchasing power, Mr. McBride said. “It’s the first time in a decade” that savers are in a position to earn a yield on their…
For a rapidly growing share of older Americans, traditional ideas about life in retirement are being upended by a dismal reality: bankruptcy. The signs of potential trouble — vanishing pensions, soaring medical expenses, inadequate savings — have been building for years. Now, new research sheds light on the scope of the problem: The rate of…
Yet investors need to pay attention. “The alarm is when the yield curve inverts,” he said. “It’s a predictor of both recessions and returns in the market.” Actively monitoring economic data and what it presages is a smart strategy. Pick Recession-Resistant Stocks Most analysts believe that Mr. Trump is bluffing on tariffs and that they…
Lawyers and accountants often push their clients to plan for unpleasant events. Better to be prepared now than to pay the consequences later. But the Republican tax law that took effect in January has added a new urgency for wealthy Americans contemplating divorce. Several key changes in the law may determine whether it is better…
Dan Schulman, the chief executive of PayPal, knows how to fight. He climbed to a senior executive role at AT&T before he was 40, jumped ship to work at Priceline when the travel website was still a start-up, then took Virgin Mobile USA from an idea to a business with five million subscribers. After stops…
The sweet spot A reader and her brother are slowly paying off their student loans. Should they accept a generous offer from their father’s girlfriend? CreditHeidi Younger By Cheryl Strayed and Steve Almond Dear Sugars, I am a 27-year-old woman with a great job, a supportive family and wonderful friends. My life is clouded by…
What is the value of a worn door from a shabby New York hotel, spray-painted with an X and thrown out during renovation? If the door was to Jack Kerouac’s room, $37,500. For Bob Dylan’s door, a whopping $125,000. How about a dilapidated house that a 1950s civil rights activist spent time in? At least…
The markets have been fairly calm lately. But when financial stress returns, will you be prepared? We offer a classic solution, as well as market insight and analysis, in our quarterly report on investing. CreditLeigh Guldig When you consider how sharply stocks declined early in 2018 and how many problems still appear to be lurking…
At some organizations, it is high-level executives who have come out of retirement. Thomas Murphy, a construction engineer in Atlanta, had helped the United Parcel Service erect some 70 buildings throughout the United States during his career at the company. In 2007, after he had risen to the post of coordinator of compliance and ethics…
In parts of the country where students will return to school in mid-August, much of the summer is already gone and employers may not be as eager to hire as they were in the spring. But often, entry-level jobs suitable for teenagers have high turnover, so it’s worth checking again, even if you didn’t find…