Chris Farrell

Columnist | Your Money
Chris Farrell is economics editor for American Public Media's weekly "Marketplace Money" show and author of "The New Frugality." He answers reader questions on most Sundays. Send questions to and put "Your Money" in the subject line.

Recent content from Chris Farrell

Long-term care insurance decision takes research

Q My husband is 63 and I am 62 and we are starting to look into buying long-term care insurance. The annual premium really is quite expensive. I was wondering if you had any words of wisdom for us.

Updated: March 31, 2012, - 05:13 PM

Much to weigh before investing in annuities

In recent weeks we've gotten a number of questions about annuities. The annuity market is a complex universe with seemingly countless variations and shades of products. I thought it would be useful to lay out a perspective on annuities in this column.

Updated: March 17, 2012, - 03:37 PM

DIY will kits get you started on vital task

QThank you for the Feb. 18th column on estate planning.  Could you provide some starting points for the person willing to take the next steps?

Updated: March 10, 2012, - 04:32 PM

Answers on credit scores and federal deposit insurance

I reached into the e-mail bag and took two questions for this week. Keep the questions coming. I love to hear from you.

Updated: March 03, 2012, - 03:57 PM

Do not go unprepared into that good night

We all know that Americans are living longer than earlier generations. Sometimes, it seems that the demographic gray wave evokes fears of a society crowded with the elderly people -- ''sans teeth, sans eyes, sans taste, sans everything.''

Updated: February 18, 2012, - 09:14 PM

Tougher rules on money market funds a good idea

The Wall Street Journal, Businessweek, and other major business publications are reporting that the Securities and Exchange Commission is poised to propose new rules for shoring up the $2.7 trillion money market mutual fund industry. The mutual fund industry isn't happy.

Updated: February 11, 2012, - 03:47 PM

Navigating IRA rules can involve a little math

QI am about to turn 70. My spouse is younger than me. We both have IRAs that we are trying to leave alone as much as possible. I realize I need to begin withdrawing from my IRA by the end of this year. Is there a minimum amount one must withdraw from the IRA? Also, we want to do a kitchen remodel for about $20,000. Should we take it out of the IRA, or would it be a better idea to go for a loan?

Updated: February 04, 2012, - 09:04 PM

Tax season is the right time to establish a budget

We all know that saving more and borrowing less is critical for our financial health. Considering how harsh the last couple of years have been on so many people, from young adults looking for work to retirees watching their pensions vaporize, it's doubtful that our old profligate habits will reassert themselves as the economy recovers. Memories aren't that short.

Updated: January 21, 2012, - 10:44 PM

College degree still worth the cost despite the risk

A national debate has erupted about the value of a college education.

Updated: January 14, 2012, - 10:28 PM

Chris Farrell: Some thoughts on saving that work all year long

Perhaps the most famous lines in personal finance were written by 19th-century novelist Charles Dickens. In "David Copperfield," the kindly but debt-ridden Mr. Wilkins Micawber advised a young David, "Annual income twenty pounds, annual expenditure nineteen-nineteen-six: result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six: result misery."

Updated: January 07, 2012, - 11:12 PM

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