Chris Farrell is economics editor of Marketplace Money, a nationally syndicated one-hour weekly personal finance show produced by American Public Media. Chris is also economics correspondent for Marketplace, the largest business program in broadcasting and chief economics correspondent for American RadioWorks, the largest producer of long-form documentaries in public radio. He is also contributing economics editor at Business Week magazine. He was host and executive editor of public television’s Right on the Money. He is the author of two books: Right on the Money: Taking Control of Your Personal Finances, and Deflation: What Happens When Prices Fall. Chris is a graduate of Stanford and the London School of Economics.
Posted In: Retirement, retirement planning, budget, expenses
When estimating expenses in retirement, it's good to think about family and friends, as well as the mortgage, utilities, food, clothes, and other financial-planning staples.
Posted In: 401(k), retirement savings
Fidelity said this week that our 401(k) account balances were up 8 percent on average in the first quarter of this year. But the major stock market indexes were up even more than that. So are 401(k)s really the right ticket to a happy retirement?
Posted In: invest, money management, index funds, actively traded funds
If watched closely, is it wise to jump between aggressive stock funds and bond funds during market runs such as the bull run so far this year? The year-to-date return is 18 percent for my strategy. My Fidelity account has rules regarding moving between funds, so I have to navigate those rules also. Marty, Cincinnati, OH
What instruments do you recommend for saving for our 11 grandchildren's postsecondary education? We have recently sold a property and intend to invest $10,000 per child, ranging in age from less than 1 year to 15 years of age. Thanks, Pat (Grandmommie), St George Island, FL
Posted In: banking, checking account, overdraft fees
Bank overdraft rules are poorly understood, especially by two groups: the young and low-income consumers.
Posted In: retirement savings, asset allocation, diversification, Marriage and money
How do you plan your investments when you're planning for people of different ages? If a family has one person who is of retirement age and another who's much younger, how should common investments be allocated? Conservatively (keeping in mind the older person) or aggressively (in the interests of the less old person)? Thanks!!! Rina, Bronx, NY
Posted In: home, homeownership, rent, student loans, Graduate school, mortgage
I recently was accepted to grad school, and my wife and I will be moving from Michigan to New Mexico. We are having a debate as to whether we should buy a home. After I finish my degree, I would like the freedom to leave New Mexico, if necessary, without having to worry about selling a home. My wife doesn't like the idea of paying rent and getting nothing back from it. Any and all advice would be much appreciated.
Posted In: frederal student loans, private student loans, student loans, death
I've got a fair amount of student loans. I've also got a good job as a college professor, and I will be able to pay them off eventually. But I'm concerned about my wife. If something should happen, do student loans transfer to a spouse or do they stick with me? Rudolf, Providence, RI
Posted In: Roth-IRA, retirement savings, Work, Social Security
Hi. I'm 53 years old and have had to go through the little bit of my retirement savings. Now, I have $5,000 to start something, as far as retirement goes. What should I do? I do not have anything through work. Actually, my workplace is on brink of closing right now. Lisa, Louisville, KY
Posted In: stocks, bonds, Investing
Safe stocks? Risky bonds? Chris Farrell looks at a new investing paradigm.