April 4, 2021

Day: April 4, 2021

You’re Asking the Wrong Financial Questions: Here’s How to Fix That

As a financial planner, it’s my job to answer financial questions. From clients to speaking engagements to educational workshops, people ask me a range of questions about personal finance and the best moves to make with their money every single day.

Even though everyone’s financial situation is unique, and people bring different goals, priorities and values to the table (which influences the context of the questions), I do find that there are a few queries that come up over and over. These questions are common across a broad range of people doing the asking … and, interestingly, they are almost

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My wife’s father left her a home and money in a trust. This subsidizes our lifestyle. What happens to me if she dies?

Dear Quentin,

I live in Pennsylvania. Four years ago, my father-in-law died, leaving a trust for my wife and her two sisters. They each received a vacation home in a trust under will. My wife and I rent our home out, and the income is used toward paying for our current home and expenses. We up-sized after receiving the trust rental.

My wife has no will, and has not named me as her successor trustee in the event of her death. Neither of us has children. The income has been used jointly since receipt of the trust property. The funds

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Dominion’s Tom Farrell dies one day after retiring

Richmond-based Fortune 500 utility’s longtime leader was battling cancer

Kate Andrews


Richard Foster

Thomas Farrell

Thomas F. Farrell II, the longtime chairman, president and CEO of Dominion Energy Inc., died Friday, one day after retiring as the Richmond-based Fortune 500 utility’s executive chair and top leader. Farrell, 66, was battling cancer, according to an announcement from Dominion.

“Tom was a peerless mentor and outstanding leader who sought to find innovative solutions to challenges at Dominion Energy, in the utility industry and in the community he called home,” Robert M. Blue, who succeeded Farrell in

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Business Buzz: New bakery; Marshall Mountain under contract | Local News

Here’s some business news in the Missoula area:

Marshall Mountain, a former ski area just a few miles from downtown Missoula, is under contract to be sold. The 156-acre property features a lodge and has been recently used for mountain biking, backcountry skiing, races and events. It’s not clear who the new owner is and whether they’ll still allow the public to use the land. The property was listed for $2.15 million. Dawn Maddux of Engel & Volkers in Missoula said she can’t disclose the buyer due to Montana law.

Sa-Wad-Dee, a Thai restaurant at 221 W. Broadway in downtown

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China’s central bank warns of financial risks, including defaults

People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. 

Jason Lee | Reuters

BEIJING — China’s central bank warned on Thursday of financial risks in the country that have accumulated over the years, as well as shocks from overseas uncertainties.

These risks include “oscillation” in the stock and fixed income markets and potential bond defaults in real estate companies, said Zou Lan, director of the People’s Bank of China’s financial markets department.

The detailed comments mark the latest warning from high-level officials in China in recent weeks about

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Stimulus check timeline update: Payment status and details, plus-up money, IRS scorecard

If you don’t have your stimulus check, when’s it coming? If you got the latest one, are you sure you got the right amount? Here’s what you need to know.

Sarah Tew/CNET

If you’ve been waiting weeks for all or part of your $1,400 stimulus check to arrive, your money may be on the way. The IRS is sending a fresh wave of stimulus checks to eligible people through the weekend and into next week, the agency announced this week. Some people are already reporting the money, approved as part of President Joe Biden’s $1.9 trillion relief package, is

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