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Americans facing retirement are now the fastest growing group of people filing for bankruptcy. A new study by the Consumer Bankruptcy Project reveals the rate of people older than 65 who filed for bankruptcy has tripled since 1991. I joined CBS This Morning to discuss the findings and offer advice.
Have a money question? Email me here.
A new study reveals a jarring truth for baby boomers. Instead of retirement and relaxation, many are facing bankruptcy. More than 12 percent of those who file for bankruptcy protection are over 65, a figure that was just over 2 percent in 1991. I discussed on the CBS Evening News with Jeff Glor.
Have a money question? Email me here.
Apple, the first trillion-dollar publicly traded corporation in U.S. history, was valued at $1,001,679,220,000 when Wall Street closed Thursday. I joined CBS This Morning to discuss how Apple has evolved under CEO Tim Cook and how the technology industry is dominating on Wall Street.
Have a money question? Email me here.
If you're a regular listener then you know how I feel about annuities and all the various insurance products being sold to people who more times than not don't need what they're being pitched.
But what if you already have one? What should you do? Keep it? Get out and pay the surrender charge? Well, it all depends on your unique situation, and that's what we discussed with Stewart from Louisville as we kicked off the latest show.
In hour two I chatted with Steve Vernon, an old pal of mine from my CBS MoneyWatch days.
Steve was on to talk about his latest book, Retirement Game-Changers: Strategies for a Healthy, Financially Secure, and Fulfilling Long Life.
The 21st century retirement offers a whole new set of challenges, including longer lives than our parents and grandparents, the demise of traditional pension and retiree health plans, periodic stock market crashes that can derail our retirement, and sky-high medical and long-term care costs.
Retirement Game-Changers helps you navigate these challenges as you transition from your work life into your retirement years.
In this easy-to-follow guide, you'll discover how to:
Retirement Game-Changers might be your road map for planning the most important period of your life. It's time to take charge and make your retirement years count!
Have a money question? Email me here.
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The Federal Reserve says a "resilient economy" is one reason why it's raising a key interest rate for the second time this year. The central bank increased the short-term rate a quarter point to a range of 1.75 to 2 percent. The Fed also predicts four rate hikes this year after an earlier forecast of three. I joined CBS This Morning to discuss what this means for you.
Have a money question? Email me here.
A judge approved AT&T's $85 billion purchase of Time Warner with no conditions. It's a deal that has been opposed by the Trump administration, but what does the decision mean for consumers? I explain on the CBS Evening News with Jeff Glor.
Have a money question? Email me here.
Mexico, Canada and the European Union are vowing to retaliate against the U.S. for new tariffs on imported steel and aluminum. The Trump administration's 10 percent tariff on aluminum and 25 percent on steel took effect today. I joined "CBS This Morning" to discuss the impact on consumers.
Have a money question? Email me here.
The latest jobs report shows the unemployment rate was down to 3.9 percent in April, the lowest level since December 2000. But wages are only up 2.6 percent from a year ago. I joined the CBS Evening News to explain what that means for workers.
Have a money question? Email me here.
Many people admit they don't save enough for retirement, but it's never too late to invest in the future. I joined the CBS Evening News with Jeff Glor to explain how your tax refund could be a good jumping off point.
Have a money question? Email me here.
Toys R Us announced plans to start closing down all of its U.S. stores. The iconic toy store will liquidate overnight after 70 years in business. The move puts around 30,000 employees out of a job. I joined CBS This Morning to discuss the ripple effect this will create.
Have a money question? Email me here.
