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Carla Fried: Planning to work longer? Here's a reality check and a strategy for success

Consumer / Home and Consumer News /

Americans who face 401(k) and IRA account balances that likely won't generate nearly enough money to live on comfortably have decided they'll just keep working.

More than one third of pre-retirees surveyed by the Employee Benefit Research Institute say their plan is to keep working until at least age 70; 45% are setting their sights on retiring...Read more

Walmart's 'Top Rated by Kids' holiday toy list of 2019

Consumer / Home and Consumer News /

For the sixth year, Walmart turned to the real toy experts by gathering hundreds of kids, ages 18 months to 12 years, and turning them loose on the hottest new toys from suppliers like Hasbro, Mattel, Spin Master and more. Collectibles are popular again this year, as well as lifelike versions of children's favorite TV and movie characters. Take ...Read more

Deals & Steals: Free year of Apple TV+ with device purchase

Consumer / Home and Consumer News /

Apple is giving away a free year of its new Apple TV+ streaming service with purchase of an Apple device.

Get a free 12-month subscription that launches Nov. 1 with purchase of a new iPhone, iPad, iPod touch, Apple TV or Mac.

Claim the offer in the Apple TV app (make sure the eligible device is running the latest iOS) within three months after...Read more

Answer Angel: Options abound for cleaning running shoes

Consumer / Home and Consumer News /

Dear Answer Angel Ellen: I run a lot in the woods and don't pay much attention to whether the trail is muddy or not. Of course, the shoes get dirty. Can I machine wash my running shoes?

- Katherine B.

Dear Katherine: Many running shoe manufacturers list cleaning instructions for their shoes on their website (nike.com<...Read more

Bill Gates and Jeff Bezos live there. So why is this town asking its residents to pay more in property taxes?

Consumer / Home and Consumer News /

MEDINA, Wash. -- Within the gated estates that line this city's leafy streets live the richest of the rich.

People with names like Gates, Bezos and Nordstrom call the waterfront enclave home, helping burnish Medina's image as the heart of Lake Washington's "Gold Coast." The city has 3,200 residents, a smattering of businesses and a citywide, 24...Read more

The Journey: How companies can improve employees' retirement security

Consumer / Home and Consumer News /

There's a wide gulf between what employers think they are doing to help workers retire comfortably and what workers are actually experiencing, a new survey shows.

Seventy-five percent of employers consider their workplaces to be "aging friendly," but just 54% of workers say their employers are aging friendly, according to the Transamerica ...Read more

On Philanthropy: In the eyes of business leaders, 'social purpose' has replaced 'shareholder capitalism'

Consumer / Home and Consumer News /

Nearly 50 years ago, Milton Friedman launched the era of "shareholder capitalism." At that time, the Nobel-Prize-winning economist admonished American business leaders that their only responsibility was to maximize profits. The world has changed a lot since then -- for better and for worse. Some still espouse this theory.

According to Friedman ...Read more

Susan Tompor: Scammers are fooling millennials out of millions of dollars: Here's how

Consumer / Home and Consumer News /

Stefanie Rinna, 26, initially was pretty happy to get a text from a prospective employer who said she spotted the young woman's information on the job site Indeed.com. So Rinna jumped on the chance in September to do an interview via Google Hangouts.

The interviewer for the food packaging company seemed to want to fill a real job.

"At first, ...Read more

'Taxes be killin' me!' These Philly high schoolers get $500 to learn about investing, becoming millionaires

Consumer / Home and Consumer News /

PHILADELPHIA -- Personal finance classes in high school? Lots of adults like the idea, and students love learning with real money.

A Philadelphia high school teacher is introducing teenagers to the world of stocks, bonds, the dangers of credit cards, and the thrill of investing over the long-term to become a millionaire -- at Olney Charter High...Read more

Hot Property: Producer Joel Silver eyes a record-breaking sale in Brentwood

Consumer / Home and Consumer News /

LOS ANGELES -- Blockbuster film producer Joel Silver is looking for his second major home release in two years. After selling his Malibu estate last year for $38 million, Silver has listed his Brentwood home for sale at $77.5 million.

The bright-colored and striking Mexican modernist residence was designed by architect Ricardo Legorreta.

...Read more

Real estate Q&A: Can seller remove fixtures from house we're buying?

Consumer / Home and Consumer News /

Q: We are getting ready to close on our new house and discovered that the seller removed several things we thought we were buying, including the bathroom mirrors and a chandelier. Can they do this? --Anonymous

A: Property is divided into two main categories. "Real property" refers to land and everything permanently attached to it, such as your ...Read more

Carla Fried: Getting your home ready for an older you

Consumer / Home and Consumer News /

A desire to stay put is a strong retiree wish. AARP reports that nearly eight in 10 adults at least 50 years old want to stay in their home once they retire.

If you hope to age-in-place, or are an adult child of someone who does, there are small and big projects to make a home safe and cozy for aging residents.

Even if you're decades from ...Read more

Westwood is once again California's priciest spot for renters, study finds

Consumer / Home and Consumer News /

LOS ANGELES -- For the second straight year, Westwood -- a Los Angeles neighborhood filled with students -- is California's most expensive place to rent an apartment.

In the posh Westside neighborhood's 90024 ZIP Code, renters pay an average of $4,944 a month, according to a new study from RentCafe, a listing service for apartments and homes. ...Read more

Own your own small town: California hamlet up for sale

Consumer / Home and Consumer News /

SAN DIEGO -- Campo isn't a ghost town, but it is pretty close.

The rural hamlet, an example of California's Old West, is a more than an hour drive from downtown in far eastern San Diego County. The lion's share of its buildings were built in the 1940s. And it hasn't changed much since then.

Most of Campo has been owned by a Las Vegas investor ...Read more

Why hospitals are getting into the housing business

Consumer / Home and Consumer News /

DENVER -- One patient at Denver Health, the city's largest safety net hospital, occupied a bed for more than four years -- a hospital record of 1,558 days.

Another admitted for a hard-to-treat bacterial infection needed eight weeks of at-home IV antibiotics, but had no home.

A third, with dementia, came to the hospital after being released ...Read more

For Jersey Shore homeowners, hurricane and flood threats are worth the risk

Consumer / Home and Consumer News /

When Hurricane Sandy's floodwaters ravaged the first floor of Frank Cattie's Ocean City, N.J., home, he assessed the damage, filed a flood insurance claim, and braced for the financial impact. But he was certain of one thing: He would not give up his slice of Shore heaven.

Cattie and his wife, Susan, who live in Jenkintown, bought a condo in ...Read more

California will limit rent increases under bill signed by Gov. Gavin Newsom

Consumer / Home and Consumer News /

OAKLAND, Calif. -- Millions of Californians will for the first time have new safeguards against large rent increases after Gov. Gavin Newsom signed legislation on Tuesday capping annual rent hikes for the next decade. The new protections come as major metropolitan regions across the state have seen double-digit increases in their homeless ...Read more

Deals & Steals: Free grocery delivery from Walmart in October

Consumer / Home and Consumer News /

Walmart is offering free grocery delivery this month.

Try out the free delivery service with a $50 grocery purchase at Grocery.walmart.com or on the free Walmart app and use code HOMEFREE at checkout through Oct. 31.

After completing your order, select delivery, pick a time, and then enter the promo ...Read more

Carla Fried: Let's not panic; Social Security isn't going bankrupt

Consumer / Home and Consumer News /

America lacks faith in the Social Security retirement system.

Transamerica Center for Research Studies recently asked nearly 6,000 workers across all age bands if they're concerned that "Social Security will not be there for me." Nearly eight in 10 said yes.

That pessimism is in some ways understandable. The words "insolvency" and "bankrupt" ...Read more

Carla Fried: Youth plus the miracle of compounding — how to fund your kid's Roth IRA

Consumer / Home and Consumer News /

There is no better -- and yet seemingly ridiculous -- time to save for retirement than in your late teens and early 20s.

Saving that early maximizes the power of compound growth. But suggesting to a teen with a summer job or after-school gig to focus on a goal 50 years away is a bit much. And even once your kids have launched into adulthood, ...Read more