How to navigate credit and financial risk in an unstable economy

Burning five-dollar and one-dollar banknotes, London, August 8, 2011 (Photo by Tom Stoddart/Getty Images) Getty Images I recently interviewed Sundeep Yerapotina, Chief Risk Officer (CRO CRO ) of Citi’s Rewards branded cards, a personal finance and credit risk management expert on how people handle credit and financial risks in today’s uncertain market. What is your … Read more

I’m a flight attendant, I’m 61 and I want to retire at 70. I’m going to get a $900 pension a month and I’ll get Social Security, but I only have $150,000 in my 401(k). Should I get professional help?

This hostess is looking for financial help from a counselor, but how should she choose the right person? Getty Images A question: I think I need a financial advisor. I am 61 years old and plan to retire at 70. I am a flight attendant and will have a pension of just over $900 a … Read more

The stock markets have been really terrible this year – but here’s a way that can help on your next tax return

Here’s some solace to anyone who’s been attacked in the stock market this year: A battering your portfolio can provide some advantage in the upcoming tax season. It’s a strategy called “tax loss harvesting,” and as tax planning approaches the end of the year, financial experts say this backward strategy shouldn’t be limited to just … Read more

My friend has a nicer house and says I should live with it. My mortgage has been paid off. He thinks I should pay half of his monthly costs. This ignites?

Dear Quentin, My friend owns a house with a 30-year mortgage balance of $150,000 at a 4% interest rate. He has $275,000 in cash and retirement accounts. He is retired. My house has been paid off. I have $50,000 in cash and retirement accounts. I would like to retire in one to two years. We … Read more

Can’t qualify for a personal loan? 4 alternatives to try

By ANNIE MILLERBERND from NerdWallet Personal loans provide fast, unsecured money that can pay off anything from home repairs to medical emergencies. Instead of asking for collateral like a house or a car, many prefer advanced lenders with strong credit and high incomes. But what if you do not meet the requirements of the lender? … Read more

Opinion: Reverse mortgages are often misunderstood – they can provide seniors with a lifeline while markets plunge

If they own stocks or bonds, they may not want to sell with both markets crashing simultaneously. Or they may be completely out of options and their home is their only remaining valuable resource. That’s when it comes the turn of the mortgage to transfer the equity to the home. Most people think reverse mortgages, … Read more

The next financial crisis may already be ripe, but not as many expect

A growing number of traders, academics and bond market experts are concerned that the $24 trillion US Treasury debt market could head into crisis as the Federal Reserve began its “quantitative tightening” on high alert this month. With the Fed doubling the pace that its bond holdings will “roll” its balance sheet in September, some … Read more

Quantitative tightening is about to intensify. What does that mean for the markets?

The Federal Reserve now owns about a third of the Treasury and mortgage-backed securities markets as a result of its emergency asset purchase to support the US economy during the Covid-19 pandemic. Two years of so-called quantitative easing doubled the central bank’s balance sheet to $9 trillion, equivalent to 40% of the country’s GDP. By … Read more