Category: personal finance

How to Enjoy a Frugal Retirement on a Fixed Income

A retirement journey is joyful. You have devoted your youth to ensure a happy retirement, and you’ll never have to worry about money again. However, even after retirement, it is best to manage unpaid debts, mortgage payments, auto loans, etc. If you planned your retirement when you were young, you wouldn’t have to worry about…


Interpersonal Edge: Good Fences Create Good Work

By Dr. Daneen Skube From Tribune Content Agency Question: I’m in a job where managers, co-workers, and customers constantly demand more than I can give. I try to meet everyone’s expectations, but feel burnt out and resentful. I’m worried that setting boundaries will get me fired. How can I deal with unreasonable and unrealistic expectations…


The Savings Game: Taking RMDs in stock

By Elliot Raphaelson From Tribune Content Agency IRA expert Ed Slott (irahelp.com), in a recent article, discussed an option for required minimum distributions (RMDs) that most investors are not aware of. When investors see the value of their equities fall, they don’t like selling shares in order to take required minimum distributions. Slott pointed out…


Interpersonal Edge: Bet on yourself!

By Dr. Daneen Skube From Tribune Content Agency Question: I have new career interests, but am not sure I have the skills to take on jobs in these new areas. I would not want to take a new job and fail to be up to the task. What do you advise clients when they’re not…


Closing Prices for Crude Oil, Gold and Other Commodities (Oct. 14)

Benchmark U.S. crude oil for November delivery fell $3.50 to $85.61 a barrel Friday. Brent crude for December delivery fell $2.94 to $91.63 a barrel. Wholesale gasoline for November delivery fell 7 cents to $2.63 a gallon. November heating oil fell 11 cents to $3.98 a gallon. November natural gas fell 29 cents to $6.45…


How Major US Stock Indexes Fared Friday Oct. 14, 2022

Stocks ended broadly lower on Wall Street, leaving most major indexes in the red for the week, as more concerns emerged about inflation. Markets fell after a report showed U.S. consumers raising their expectations for inflation, yet another signal that the Federal Reserve will have to continue aggressively raising interest rates. The strategy raises the…


What to Do When You Enroll in an Employee Stock Ownership Plan (ESOP)

Depending on your company, your employer may offer different benefits packages and retirement plans. One less familiar type of plan you may encounter is an Employee Stock Ownership Plan (ESOP). If you haven’t dealt with these before, you’ll understandably have some questions when your employer offers you one. Nearly 14 million people in the United…


Charitable Contributions for 2022: How to Save on Taxes

In 2020 and 2021, you could deduct up to $300 for cash donations to charity without itemizing. This came under the standard deduction. It didn’t apply to those who itemized, but at least you could take a deduction without pulling out Schedule A. But that charitable standard deduction wasn’t extended past 2021. So that leaves…


How to Avoid Airline Fees

By Lisa Gerstner From Kiplinger’s Personal Finance Air travel these days is unpleasant enough, but getting charged a surprise airline fee is sure to make passengers even grumpier. Here are a few fees you may encounter and ways to avoid or limit them. Airline Baggage Fees Typical amount: $30 to $35 for the first checked…


Biden Official Says Efforts to Fight Inflation Are ‘Working’ Even As Core Inflation Jumps to 40-Year High

U.S. Commerce Secretary Gina Raimondo is insisting that the Biden administration’s efforts to curb rising prices are working despite the fact that core inflation in the country has jumped to its highest level in four decades. Though inflation is “higher than we would like it to be,” the good news is that housing costs and…