Finance

The Moneyist: I have 8 nieces and nephews. What is the appropriate age to stop giving envelopes full of money during the holidays?

Dear Moneyist, I have three children ages 16, 18 and 20 and also eight nieces and nephews ranging in age from 12 to 32. My sticky situation involves the holidays, namely Christmas. We don’t exchange gifts for the kids anymore, but still give them cards and money. I don’t believe this should continue forever, but […]

Finance

The Moneyist: I am a white woman of privilege and a single mother. I need a ‘zinger’ to stop my sister-in-law telling me why I have it so good

Dear Moneyist, I am a white woman of privilege. I am also the full-time working single mother of an adopted child, and I have led a very successful career. While I have benefited throughout my life from my parents’ financial support, even though I have never married, my parents have worked hard to keep things […]

Finance

The Moneyist: I filed for bankruptcy after rehabbing my husband’s home. Now he wants an open marriage and says I own nothing. I feel trapped and bamboozled

Dear Moneyist, I have been with my partner for five years and married for one year. I left my apartment, threw away all my furniture and moved into the home he owns from an inheritance. I racked up debt from helping to rehabilitate the home so we could be comfortable. During the pandemic, my spouse […]

Finance

The Moneyist: ‘I feel very bitter’: My sister was my late father’s power of attorney. She kept $100K of his savings. Should I pursue legal action?

Dear Moneyist, I am a 52-year-old unemployed homemaker with various health issues that have prevented me from working over the past 10 years. (I do not receive disability). My husband works full time. I have a sister who is retired, and she and her husband net approximately $ 15,000 per month from pensions and Social […]

Finance

The Moneyist: My daughter won’t speak to me. Her therapist said we’re a toxic family. Should I stop paying her college tuition to force her into family counseling?

Dear Moneyist, I am the mother of a college freshman who is distancing herself from me and my husband. We also have 16-year-old twins, a boy and a girl. My younger daughter suffers from depression and anxiety. The twins both have ADHD. My daughter was in an outpatient program and outpatient family therapy. My husband […]

Finance

The Moneyist: My fiancé wants me to give up my cushy six-figure job to work at his landscaping company. Should I ask him to pay me a salary?

Dear Moneyist, My fiancé has a very successful landscaping company, which is about five years old. I‘ve been in corporate banking for 15 years. My fiancé and I are discussing me quitting my cushy six-figure job and helping him with his business. My question is, can I ask him to pay me a salary? Right […]