Chris Farrell | Star Tribune
Columnist | Your Money

Chris Farrell is economics editor for American Public Media's weekly "Marketplace Money" show and author of "The New Frugality." He answers reader questions on most Sundays. Send questions to cfarrell@mpr.org and put "Your Money" in the subject line.


To lower your financial risk, lower your overhead

GE's shift in retirement plans is yet one more example of rising economic insecurity for the average worker and the typical household.


How to follow your second-act dreams when the world says don't

The calculated risks they took launching a publishing house and a bed-and-breakfast.


Chris Farrell: When passing a fortune to the kids, should it be all at once or in pieces over time?

Q: In considering retirement and estate planning, it is likely I will have a choice between leaving my children funds mostly in conventional taxable investments,…


Some good bets for retirees anxious about inflation

Q: I am retired. As I see it, there are at least two key factors when considering investing for retirement (including annuities): 1. How long…


When retiring, should you leave for 401(k) with your employer or move it?

My standard recommendation is to shift the savings into a rollover IRA. Control is a big reason.


Are annuities right for you? It's worth doing some homework to get the answer

A recent pitch I received to learn more about the annuity market included the line, “annuities are coming, whether you like them or not.” The…


A recession is coming, some day. Are you prepared?

You have time to prepare your finances for a downturn.


How parents can help college-bound students learn to manage money

Sound money-management practices are critical since most students receive a loan-repayment schedule along with their diploma.


Why you should consider opening a business in retirement

The 55- to 64-year-old age cohort accounted for more than a quarter of new business startups in 2017, according to the Kauffman Foundation.


Should retirees rent or buy a home? Cash flow is key

Q: I am a 65-year-old female, retired. I have about $50,000 in investments. I am selling a house as part of a divorce. I can…