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.


How older workers can prepare for job loss

There are no easy answers when it comes to the job market, especially during a pandemic.


Need is great, so it's more important than ever to give what you can

Difficult times call on everyone to make sure they are thoughtful in their giving throughout the year.


You would do well to heed Warren Buffett's margin-of-safety lesson

The advice seems particularly appropriate during these hard times.


When does it make sense to convert traditional IRA to Roth?

Individual details matter greatly, but odds are conversion may not be the best plan.


With stocks on a tear, it's time to rebalance your portolio

Investors should spend time creating a portfolio with an asset allocation that reflects their tolerance and capacity for risk over the long haul.


In uncertain times, diversification can be an investor's best friend

No one knows what will happen to the price level in coming years. Yet the stakes for the average long-term saver are high if inflation does spike.


In pandemic economy, investors betting big on digital economy

Speculative fevers emerge during times of major innovations and technological change.


Planning to work beyond retirement age? You may have to call an audible

One practical response for near-retirees to consider is whether to join the ranks of entrepreneurs, including self-employment.


It's worth the effort to weigh your options on long-term care costs

Medicare covers little of these expenses and Medicaid essentially requires impoverishment first.


Why this is a good time to shore up your household finances

The initial hope that the pandemic would be contained within a short period of time is giving way to the sober realization that combating the virus will take time.