Recent content from Chris Farrell
Before starting your search, you will want to be clear about what you expect.
The Dow Jones industrial average is hovering near 30,000, some 20% away from a number that may resonate with readers who recall the dot.com era…
The association of old age with decline has a long history. To work or do anything demanding during the traditional retirement years is often considered…
Sometime in the early 1970s while caddying for my older brother and father we were joined by two 60-something businessmen. My brother was a college-educated…
The election on Tuesday is one of the most momentous in the nation’s history — and investors are understandably nervous about what might be the…
How comfortable are you relying on stocks for steady, reliable income in retirement?
There are no easy answers when it comes to the job market, especially during a pandemic.
What is America's least-known, least-appreciated, high-quality investment for the typical saver and family? I-bonds. Heard of them?I-bonds are U.S. Savings Bonds designed to protect savings…
The uncertain prospect about needing long-term care weighs on older Americans.
Difficult times call on everyone to make sure they are thoughtful in their giving throughout the year.
The advice seems particularly appropriate during these hard times.
Individual details matter greatly, but odds are conversion may not be the best plan.
Investors should spend time creating a portfolio with an asset allocation that reflects their tolerance and capacity for risk over the long haul.
No one knows what will happen to the price level in coming years. Yet the stakes for the average long-term saver are high if inflation does spike.
Speculative fevers emerge during times of major innovations and technological change.
One practical response for near-retirees to consider is whether to join the ranks of entrepreneurs, including self-employment.
Medicare covers little of these expenses and Medicaid essentially requires impoverishment first.
The initial hope that the pandemic would be contained within a short period of time is giving way to the sober realization that combating the virus will take time.
What is going on with the stock market? Despite some nerve-racking plunges, investors seem remarkably cheery. If you only paid attention to the stock market…
Private-equity performance is too opaque, and private-equity fees too onerous and too complicated for the 401(k) saver.
When we give our money away and volunteer our time, we ask the right question: How can we make a difference?
Many near-retirees now know odds are they'll need to plan on working well into the traditional retirement years, while saving more and focusing on eliminating debts
One trick is to keep a diary. The notes are there to help you think through your likes, strengths, weaknesses and goals.
Making money and embracing sustainability may well be two sides of the same coin.
Savings protects against downside risks and allows for taking advantage of opportunities.
The best investment the older generation can make is in the younger generation.
Forecasting is hazardous under normal circumstances, but it's especially difficult right now.
A couple of techniques help the typical retirement saver to "stand still" smartly until the market revives.
What else is money for but to support those we love? Reach out and make sure the people you know are OK.
Monetary and fiscal policy are critical for shoring up the economy and confidence.
Most employers with 401(k) plans now offer the option and for new employees it's the most popular choice.
Instead of trying to time the markets at times like these, focus on what you can control.
Only a handful of expenses really count when it comes to the desire save more by spending money wisely.
Health concerns about loneliness don't seem like a classic personal finance topic. Yet thinking about how to avoid loneliness is critical to savvy retirement planning.
Socially responsible or sustainable money management has gone mainstream and will only grow in influence.
Putting money into a portfolio that matches the performance of an index like the S&P 500 is cheap, simple and savvy.
The age change won't affect many retirees since they typically start withdrawing well before their RMD date. They need the money to pay bills.
The desire to develop better habits revolve around a few core areas.
The legislation clears a path for employers to offer annuities as part of their retirement plans. Other than that, it's legislative tinkering.
The big advantage is that contributions can be withdrawn without tax consequences or early withdrawal penalty.
The message from a recent Senate report is clear from its title, "An Invisible Tsunami: 'Aging Alone' and Its Effect on Older Americans, Families, and Taxpayers."
The difficult question is how to stay focused on what matters when earning and managing our money.
We have different goals, values and talents. Yet we share the desire to know that what we are doing matters.
A recent report from the Federal Trade Commission highlights how vulnerable we are all are to con artists.
Some 64 million people — 20% of the U.S. population — lived in multigenerational households in 2016.
GE's shift in retirement plans is yet one more example of rising economic insecurity for the average worker and the typical household.
The calculated risks they took launching a publishing house and a bed-and-breakfast.
Q: In considering retirement and estate planning, it is likely I will have a choice between leaving my children funds mostly in conventional taxable investments,…
Q: I am retired. As I see it, there are at least two key factors when considering investing for retirement (including annuities): 1. How long…
My standard recommendation is to shift the savings into a rollover IRA. Control is a big reason.
A recent pitch I received to learn more about the annuity market included the line, “annuities are coming, whether you like them or not.” The…
You have time to prepare your finances for a downturn.
Sound money-management practices are critical since most students receive a loan-repayment schedule along with their diploma.
The 55- to 64-year-old age cohort accounted for more than a quarter of new business startups in 2017, according to the Kauffman Foundation.
Q: I am a 65-year-old female, retired. I have about $50,000 in investments. I am selling a house as part of a divorce. I can…
Q: My three teenage grandsons have the potential to come into some inheritances within the next few years. My financial adviser has said he would…
Risk management is more than the investment portfolio.
American workers have always had some kind of side hustle. Looking at data from JPMorgan on the gig economy (think Uber, Lyft and TaskRabbit), a…
The high-tech entrepreneurs at the recent Silicon Valley Boomer Venture Summit conference are developing products and services largely targeted at an elderly population and their…
The Securities and Exchange Commission recently approved its Regulation Best Interest standard for brokers. The best-interest standard replaces the stricter Obama-era fiduciary standard rule for…
Q: A few years ago, we had to move my dad to a memory-care facility. He had some investments, and, due to the cost of…
The cost consumers now pay for managing a credit freeze is nothing more than a minor inconvenience that is well worth the benefit.
The advice to pursue your dreams at work may be nice, but the borrowed money still has to be repaid.
John "Jack" Bogle followed his own advice.
If you are among those who haven't put together a basic estate plan, get it done in 2019. Your heirs and close circle of relatives and friends will thank you.
Q: I’m interested in gathering information to plan for moving from our home when we can’t take care of it. I am 68 and my…
Clearly, the standard financial advice is good. Problem is, the approach isn't realistic for many people.
Money management for young college graduates is mostly adopting a few good spending and savings habits.
That's the best way to free up cash that can be stashed away.
The school, work, retirement silos are coming down, and a more complex narrative is being scripted.
Tax refunds matter to household finances. That's the clear message from a recent study by the JPMorgan Chase & Co. Institute. The report draws on…
In the late 1980s, I was invited along with a handful of other young journalists covering personal finance to meet with Sir John Templeton, an…
Like so many laws attached to retirement savings plans, there are twists and traps for the unwary.
Q: I’m looking for book recommendations for teens about money management, investments, etc. My son is 14 and has a high interest in learning about…
Living on the financial edge is a way of life for many. Now add federal employees to the list.