Marriage inevitably involves financial compromises both small and large. Joint or individual checking accounts? How much is too much to spend on a car? Name-brand or store-brand groceries? When a couple remarries late in life, the stakes get higher. How should the expenses for those bucket-list retirement trips be divided? …
A conscience of capitalism prepares to step off the stage It was closing in on 1 p.m. when Warren Buffett, seated onstage before a rapt audience of about 40,000 at the CHI Health Center in Omaha, said that he was getting a “5-minute warning.” To most of those there for …
President Trump has vowed that he wouldn’t cut Social Security benefits, but his administration’s actions, led by Elon Musk’s Department of Government Efficiency, have upended the agency, leaving many beneficiaries concerned that the popular program and their payments may be imperiled. Several players from the private equity world are now …
Here’s a pop quiz for married couples. Do you know your spouse’s salary? What about the balance of your partner’s 401(k) — and credit card? Bonus points if you can cite how much your husband or wife thinks you need to live comfortably in retirement, or even what age he …
Medicare can cover most of your health care needs when you turn 65, but it doesn’t pay for everything. And one of the most significant financial challenges to watch out for are the out-of-pocket costs you can face aside from monthly premiums — including deductibles and other types of cost …
When Nia Darville Stokes-Hicks and Armondi Stokes-Hicks married two years ago, they set up five bank accounts. Each had an individual bank account for personal spending, and they shared a checking account for paying household bills. They had a joint savings account. And they had yet another account for money …
Three years ago, when Bob and Sandy Curtis moved into an upscale continuing care retirement community in Port Washington, N.Y., he thought they had found the best possible elder care solution. In exchange for a steep entrance fee — about $840,000, funded by the sale of the Long Island house …
Amid the global turmoil of this young new year comes a flurry of welcome developments that will help many people — especially retirees and those close to retirement — supercharge their savings, cut prescription drug costs, keep more of the money they earn and, possibly, raise their credit scores. Fair …
The Social Security Administration receives billions in free money each year from an unexpected source: undocumented immigrants. This group paid an estimated $25.7 billion in Social Security taxes in 2022, according to a recent analysis from the Institute on Taxation and Economic Policy, a left-leaning tax research group. Since unauthorized …
In a major development, fast bowler Mohammad Amir has announced retracting his retirement, saying he is ready to represent Pakistan in the upcoming 2024 T20 World Cup following “positive discussions” with the Pakistan Cricket Board (PCB). Amir, 31, called time on his international career in 2020 following issues with the …