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Author: Peter Dunn, Special to USA TODAY

Money

My husband wants me to retire with him, but he’s 10 years older with no life insurance. What should I do?

February 9, 2020Peter Dunn, Special to USA TODAYComments Off on My husband wants me to retire with him, but he’s 10 years older with no life insurance. What should I do?

I’m worried about what will happen to my retirement income when my husband dies. I personally don’t have many assets. What should I do?

Money

I’m 58 and have no retirement savings. Is my financial life ruined, or is there still hope?

February 2, 2020February 3, 2020Peter Dunn, Special to USA TODAYComments Off on I’m 58 and have no retirement savings. Is my financial life ruined, or is there still hope?

I’m 58 years old and for the first time ever, retirement seems real to me. The problem is I don’t have any money. Now what?

Money

Just because your FICO credit score is high doesn’t mean you should start borrowing

January 26, 2020Peter Dunn, Special to USA TODAYComments Off on Just because your FICO credit score is high doesn’t mean you should start borrowing

The company behind FICO is changing how credit scores are calculated, but you still shouldn’t necessarily borrow just because your score is high.

Money

Estate planning: How to tell your children they’re not getting an inheritance

December 15, 2019December 15, 2019Peter Dunn, Special to USA TODAYComments Off on Estate planning: How to tell your children they’re not getting an inheritance

One reader asks Pete the Planner if there’s anything wrong with not leaving kids an inheritance. Here’s Pete’s advice on communication those wishes.

Money

Can $180,000 really last 65-year-old, soon-to-be retiree until 100? It depends.

October 26, 2019Peter Dunn, Special to USA TODAYComments Off on Can $180,000 really last 65-year-old, soon-to-be retiree until 100? It depends.

A financial adviser assures soon-to-be retiree that $180,000 is enough of a nest egg to last until 100. Pete the Planner tells her if that’s right.

Money

When’s the right time to replace your clunker with a new or lightly used car?

October 11, 2019October 11, 2019Peter Dunn, Special to USA TODAYComments Off on When’s the right time to replace your clunker with a new or lightly used car?

My philosophy has always been to pay cash for a lightly used car and then drive it until the doors fall off. But which repair should be the last?

News

Pete the Planner: Could giving my daughter some extra cash hurt her independence?

June 25, 2019Peter Dunn, Special to USA TODAYComments Off on Pete the Planner: Could giving my daughter some extra cash hurt her independence?

If the kids are getting older and your kids could use some extra dollars, it feels nice to share. But could this habit lead to increased dependence?

News

Annuities are confusing. Understanding the jargon may help you reach investment goals

June 14, 2019Peter Dunn, Special to USA TODAYComments Off on Annuities are confusing. Understanding the jargon may help you reach investment goals

Surrender periods and benefit riders can be confusing. But, shying away from shiny sign-on bonuses can make choosing the right financial plan easier.

Money

Pete the Planner: Before buying your parents’ house, calculate its effect on retirement

June 7, 2019Peter Dunn, Special to USA TODAYComments Off on Pete the Planner: Before buying your parents’ house, calculate its effect on retirement

Buying your parents’ home could be a good financial move. But when you are nearing retirement age, calculate its effect on your overall savings plan.

Money

Traveling to a friend’s wedding doesn’t mean taking a vow of poverty

May 22, 2019Peter Dunn, Special to USA TODAYComments Off on Traveling to a friend’s wedding doesn’t mean taking a vow of poverty

Enjoying yourself at a friend’s wedding means taking a practical approach, and budgeting for travel and gifts from the moment the invitation arrives.

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