ArcaMax

Dear Carrie: My husband and I are curious about long-term care insurance. It all seems so confusing. How can we decide if (and when) we should buy it, and if so, what kind? -- A Reader

Dear Reader: Not only am I glad you're investigating one of the biggest risks to retirement security. I'm also really happy you're looking at this issue together...Read more

Dear Carrie: My wife and I are in our 60s and looking at ways to reduce our expenses when we retire. We've considered downsizing, but after 27 years, our house and the neighborhood still fit us. Our home is finally paid for and is pretty manageable, except we worry about being able to pay for major repairs or health care in the future. Would a...Read more

Dear Carrie: My employer recently stopped offering a 401(k) match. I've always tried to contribute enough to get the entire match, but now I am in a bit of a cash crunch and wonder if it makes sense to keep contributing. Is it still worth it? -- A Reader

Dear Reader: You've probably heard me say many times that specific financial advice depends...Read more

Dear Readers: Today, I'd like to turn the tables and ask you a question: Let's say you could design a basic high school curriculum. Outside of core courses like science, math and English, how would you rank adding financial literacy as a requirement, compared with other topics such as health and wellness, career development, college ...Read more

Dear Readers: Women's Equality Day is celebrated on Aug. 26, and this year, it had a special meaning. It marked the 100th anniversary of the ratification of the 19th Amendment, which gave women in the U.S. the right to vote. This important achievement opened the door to other opportunities, and we're now outpacing men in college and advanced ...Read more

Dear Carrie: I'm concerned that my son is in a financially abusive relationship. Because his fiancee claims to be better with money, she manages all their finances, including his salary, and controls their accounts. As a result, he's totally reliant on her for anything he wants, even spending money. I don't see this as healthy. I worry that she'...Read more

Dear Carrie: My fiance and I were just starting to plan our wedding when the COVID-19 pandemic hit. Originally, we thought we would have a no-expense-spared, blowout wedding and reception sometime next year. We've managed to save up a pretty penny, but given everything that has happened, we're wondering if we shouldn't cut back. We're also ...Read more

Dear Readers: Here we go again. In early March, the COVID-19 pandemic brought the 11-year bull market to a crashing halt. Since that time, the markets have largely recovered but been plagued with extreme volatility, leaving individual investors frightened and confused. While every investor knows that risk comes with the territory, the recent ...Read more

Dear Carrie: When I did my taxes this year, I wound up owing a lot to the IRS. A friend at work mentioned they got a huge tax refund. How can I get a refund next year? -- A Reader

Dear Reader: The end of tax season always brings a host of questions from readers. Mostly they boil down to "How can I pay less in taxes?" or "How can I get a bigger ...Read more

Dear Readers: If I asked you to rate your financial know-how on a scale of 1-7 (with 7 being the highest), where would you place yourself? If you're like the Americans who participated in the 2018 FINRA National Financial Capability Study (NFCS), you'd probably give yourself a pretty high score. In that study, 76% of respondents placed ...Read more

Dear Carrie: I turn 70 this year and am working part time. I don't necessarily need the income, but I like my work, and it gives me money to spend on a few "extras." I have a few dollars left over each month and recently read that I can still contribute to an IRA. I'm wondering if this is a good idea. -- A Reader

Dear Reader: According to a ...Read more

Dear Carrie: I have money sitting in a low-interest savings account that I've been planning to invest, but I keep procrastinating. Should I take the plunge now or wait to see if the market falls more? I understand the concept of buying low, but it makes me nervous to invest so much now if the market will go down more. -- A Reader

Dear Reader: ...Read more