Retirement planning is filled with conflicting advice. Given changing interest rates and the multiyear run-up in stock prices, here are a few retirement strategies to avoid right now. My father-in-law called me in a panic last month and inquired why … More »4 Retirement Strategies to Avoid Now
2. Use appreciated investments for charitable donations. Keep in mind that this only works with investments held in a taxable account. This is also not a good strategy for investments in which you have an unrealized loss. In that case, it is better … More »6 Savvy Year-End Financial Moves
Here's a guide to making sure that you tip well, but not wastefully - and that you still have a happy trainer, newspaper delivery person and parking lot attendant in the new year. If you are running late and they are of particular assistance, then add … More »Your Ultimate Holiday Tipping Guide
Then create a realistic budget that ensures you have enough to pay the bills as well as enough for contributions to such things as a retirement account and a rainy-day fund. The personal savings rate in the U.S. is just 4.9% of disposable income, down … More »10 Reasons You'll Never Be Rich
What should get higher priority – debt balances with a higher interest rate or debt that will build up equity? More »Ask Farnoosh: Prioritizing Extra Loan Payments
This week we answer questions about the basics of bartering and missing money transfers. More »Ask Farnoosh: I Want to Barter My Services. Where Do I Start?
We're all going to retire, and that means we're all going to need some money put aside for retirement. The problem is that when we think broadly about saving for retirement, it seems impossible. Here's the catch: None of those retirement articles out … More »4 Steps to Quickly Figure Out Your Retirement Number
As a newspaper columnist in Detroit, Brian J. O'Connor didn't feel like he had much job security. "My paper had been sold, which automatically makes everybody nervous, and clearly Detroit was not doing well," O'Connor says of the bleak period in October … More »Could You Cut Your Spending by $1,000 a Month?
Say you open a bank account while you're a college student and let the account go dormant when you move out of state and open a new account elsewhere. Or you leave a job and forget to cash your final check. ... More »Do You Have Missing Money?
Those of us who are retired know it's hard to live on a fixed income, especially since low interest rates have squeezed extra income from savings accounts down to a trickle. The alternative is to lower ... More »7 Painless Ways to Cut Expenses in Retirement
As a financial advisor, working with clients is often a lesson in psychology. I can’t tell you how many times I’ve heard the same old excuses for why people aren’t saving more money or saving at all. More »The Real Reasons You’re Not Saving Enough
We answer readers’ questions about keeping open a credit card account with a low limit and making accelerated mortgage payments. More »Ask Farnoosh: Should I Close My Credit Card?
By now, the federal government shutdown is far more than just a Washington issue. The economic ramifications of furloughs, funding limitations and debt ceiling concerns stand to hurt Americans nationwide. ... More »How to Protect Your Finances During the Shutdown and Debt Ceiling Crisis
Thinking about your finances can be overwhelming if you don’t have some action items in mind. Here are three key things you can do to improve your finances. More »3 Steps to Improving Your Finances This Month
2014 could be the end for several well-known companies and brands. Which would you miss most?