Dear Moneyist, My wife and I had our first baby 3 months ago. As the breadwinner, my wife just returned to work after 12 weeks of unpaid maternity leave. Our savings are a bit low and she is now “asking for my blessing” to work part-time. This is distressing to …
Read More »: The most frequently asked questions by Robinhood traders reveal ‘new type of uninformed equity-market participant’
What happens when Robinhood traders walk out of the stock market? That’s not the start of a joke. It’s the premise of a new study looking at how young investors on the high-profile trading app with $ 0 commissions were generating market volatility and “noise” long before the GameStop stock-trading …
Read More »The Moneyist: I asked my fiancée, 30, to sign a prenup due to her spending. She refused. Would it be wrong to secretly put my assets in a trust?
Dear Moneyist, I’m a 28-year-old male marrying a 30-year-old woman. I have racked up about $ 100,000 in student-loan debt by earning two graduate degrees; luckily I obtained a finance job with unlimited earning potential, just heavy work hours, so I am not too worried about repaying my loans if …
Read More »Frequently Asked Questions about FHA Loans
Frequently Asked Questions What is an FHA loan? An FHA loan is a type of government-backed mortgage that is guaranteed by the Federal Housing Administration and offered by private lenders that are FHA-approved. Because FHA loans are guaranteed by the government, lenders are able to have more flexible borrower requirements …
Read More »The Moneyist: My wife had a baby in June. She has $140,000 in student loans — and has now asked for my ‘blessing’ to work part time
Dear Moneyist, My wife and I had our first baby in June. As the breadwinner, my wife just returned to work after 12 weeks of unpaid maternity leave. Our savings are a bit low and she is now “asking for my blessing” to work part-time. This is distressing to me …
Read More »The Moneyist: I didn’t feel well last month and asked my housekeeper to stay home. I am nervous about having her come back. She asked for ‘unpaid wages.’ What should I do?
Dear Moneyist, My housekeeper would like to receive money while she’s not working. She works for me for 4 hours a month, and I pay her approximately $ 120 cash each month. We pay her well, although she is hardly a full-time worker. In fact, she is barely part time. …
Read More »The Moneyist: My mom asked for a divorce. My dad made his mother his pension beneficiary — then killed himself. Now my mom and grandma are feuding. Who deserves the pension?
Dear Moneyist, On May 30, 2018 my mother moved out all her belongings and informed my father that she was leaving him after 30 years of marriage, and that she would be seeking a divorce. No papers had been filed at that point. The next day my father went to …
Read More »