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: 401(k), rollover IRA, retirement savings
I have a Roth IRA, a retirement account from a previous job and a mutual fund. Shall I also begin a 401(k) with my new employment? Ivy, El Paso, TX
Posted In: Credit Cards, credit card interest rates, reward cards, fees
The credit card business is settling down, and no, the sky didn't fall following the Credit Card Act of 2009.
Posted In: Graduate school, student loans, retirement savings, personal finances
What do you suggest is the best way for middle-income baby boomers to support their children's post-bachelor's degree educations? Anne, Burlington, VT
Posted In: manufacturing
Over the past two years, the U.S. has added over 400,000 factory jobs, making a major contribution to the economic recovery.
Posted In: will, estate plan, Estate planning
I recall hearing about an intro book to wills and estate planning on one of the podcasts. Can you let me know the title or refer me to a good introductory book? I'm looking to put a will together soon for my new family. Thanks, Stacy, Norwalk, CT
Posted In: financial literacy, low-income families, Personal Finance
Low-income families don't have money to waste. Financial literacy is all about reducing that cost.
Posted In: Housing, rental, aging, baby boomers, low-income
Housing an Aging Population: Are We Prepared?
Posted In: estate plan, living trusts, will, lawyers
There are many DIY software programs for setting up living trusts. Do you recommend going that route vs. utilizing an estate planning lawyer who'll charge full-fee? What is a reasonable fee range for a certified estate planning lawyer to set up a living trust? I am married with three kids. We own a single family home and one rental property. We do not own a business. My wife and I have checking, IRA, Roth IRA and 529 accounts. Thanks, Derek, Stockton, CA
Posted In: 529 college savings plan, loan student debt, colleges
We have a 529 plan and also the option to take out a subsidized Stafford loan. Does it make sense to take out the loan and leave the 529 money alone, then pay off the Stafford loan after graduation? (I'm thinking that the 529 would still collect interest for a few more years, while there is now interest on the loan for a few more years.) Thank you! Gabrielle, St, Paul, MN
Posted In: pensions, 401(k), IRAs, retirement savings, public pensions
Yes, public pension plans are ripe for reform. But overhauling these plans is an opportunity to improve pension design for everyone.