Retired Union Construction Worker Seeking Financial Security – Do We Have Enough Income for a Comfortable Retirement?

Retired Union Construction Worker Seeking Financial Security – Do We Have Enough Income for a Comfortable Retirement?

I am a 59 year old retired union construction worker with a full pension of $80,000 per year with no COLA. I also receive Social Security Disability benefits for $3,400 per month. My wife, age 59, is an executive assistant to the director of operations at a large hospital and her income is $68,000. My … Read more

We are retired with $1.4 million in investments and 2 mortgages worth $200,000. Should we pay them back and risk increasing our Medicare premium? – CNET

We are retired with $1.4 million in investments and 2 mortgages worth $200,000.  Should we pay them back and risk increasing our Medicare premium?  – CNET

My wife and I are both retired. Currently we have an IRA worth over $800,000 that is intact and stocks worth $600,000. We receive pensions and Social Security, which amount to about $9,000 a month, but we have two mortgages that are not being paid off. Our primary mortgage has $42,000 left with 2.5% interest, … Read more

My husband says we will be “homeless” if we continue renting. We are 68 and 74 years old: should we buy a house instead? – CNET

My husband says we will be “homeless” if we continue renting.  We are 68 and 74 years old: should we buy a house instead?  – CNET

My husband is 68 years old and I am 74 years old. He earns $250,000 a year. We rent a townhouse in a very upscale suburb in the Houston area, but our last rent increase was $300 a month! My husband wants to find a house for no more than $300,000 because he doesn’t want … Read more

Estate Planning: Protecting Your Assets and Blended Family

Estate Planning: Protecting Your Assets and Blended Family

My husband and I just created a trust with the help of an attorney. I’m 68 and he’s 76, and we’re both in good health. I have a 26 year old married daughter. My partner has no children. He and my daughter don’t get along, and so far neither has been able to mend the … Read more

Co-Signing a Mortgage: Should I Have Done It?

Co-Signing a Mortgage: Should I Have Done It?

I went through a terrible divorce 15 years ago. I will finally finish paying my ex-husband in July. My divorce was so costly that I never remarried. My boyfriend of 14 years was having financial problems and needed to refinance his house to pay off his debt. It could not be approved without a co-signer. … Read more

Understanding the Risks: Co-Signing a Mortgage and Potential Consequences for Parents

Understanding the Risks: Co-Signing a Mortgage and Potential Consequences for Parents

My mother and stepfather just co-signed a mortgage for my brother. My mother said their house was used as collateral. If my brother can’t pay his mortgage, our mother will have to pay it for him, or the bank will take his house, right? Also, what happens if my mother and stepfather both pass away … Read more

Can I Get a Loan to Purchase a Quadplex with No Income?

Can I Get a Loan to Purchase a Quadplex with No Income?

First of all, I’m a complete beginner, I know almost nothing and I expect to be made fun of. Here’s my question: I currently live with my girlfriend. I was looking for houses and found a very nice quadplex that was just renovated. I run two businesses, but I personally have no source of income. … Read more

Donald Trump’s Life-Changing Civil Fraud Trial in Manhattan

Donald Trump’s Life-Changing Civil Fraud Trial in Manhattan

Listen to article (2 minutes) Donald Trump faces four criminal indictments, 91 charges and, if convicted, sentences that could exceed his life expectancy. But there is one case that has hit him most personally, friends and associates say: The civil-fraud trial under way in Manhattan. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. … Read more

New York Officially Grants Work Permits for Over 470,000 Venezuelan Migrants: Will This Solve or Worsen the Migration Crisis?

New York Officially Grants Work Permits for Over 470,000 Venezuelan Migrants: Will This Solve or Worsen the Migration Crisis?

Updated Sept. 25, 2023 2:38 pm ET Listen to article (2 minutes) After months of lobbying the White House, New York officials finally got their top request granted: work permits for more than 470,000 Venezuelan migrants. The question now is whether the decision will immediately improve the migration crisis in New York and other cities—or … Read more