I have six brothers and sisters. My youngest brother, 50, has his name on the title deed to the family home, as do my two deceased brothers. Two sisters got married and withdrew their names from the act. One of our sisters was on the title, but she also passed away. My brother says, “It … Read more
In your article “I want to access my 401(k) sooner. Is a loan the only way? you wrote that hardship distributions were “…available only if the participant has an “immediate and significant financial need” and that the distribution cannot exceed the amount “necessary to satisfy the financial need.” Cher Kent, There is some definition of … Read more
A New Jersey mayor says buses of migrants bound for New York City have been stopping at the town’s train station in an apparent effort to evade New York’s efforts to regulate migrant arrivals January 1, 2024, 11:00 AM ET • 4 min read SECAUCUS, N.J. — A New Jersey mayor says buses of migrants … Read more
New York’s minimum-wage workers have more than just the new year to celebrate January 1, 2024, 12:12 AM ET • 2 min read ALBANY, N.Y. — New York’s minimum-wage workers had more than just the new year to celebrate Monday, with a pay bump kicking in as the clock ticked over to 2024. In the … Read more
A New York police sergeant is believed to have fatally shot his wife and two sons before taking his own life inside their suburban home By JAKE OFFENHARTZ Associated Press December 30, 2023, 5:14 PM ET • 2 min read NEW YORK — A husband and wife and their two sons, ages 10 and 12, … Read more
I am 56 years old and semi-retired. I was a single mother for many years, but managed to find success during over 30 years of working in corporate America. My total net worth is approximately $3.4 million, including my home, investments, and cash. I will write my last tuition check at the end of this … Read more
My wife and I are both retired. Right now we have an IRA worth over $800,000, which 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 remaining with an … Read more
I’m a 76-year-old widow with a $153,000 mortgage, $73,000 in investments, and $20,000 in a high-yield savings account. My Social Security and very small pension provide me with a monthly income of $3,400 per month. I save about $400 per month, split between my bank savings ($100), my high-yield account ($200) and my investments ($100). … Read more
House prices have reached a new all-time high and mortgage rates have started to fall – but that won’t yet be enough to revive the property market, according to an expert. Even as borrowing costs fall, keeping home buyers away, the “lock-in effect” of homeowners reluctant to sell and give up their current 3% or … Read more
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