Chris Farrell

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.

Latest from Chris Farrell

Business

Don’t flirt with risk when ‘boring’ index funds could be a safe bet

Take a page out of statistician and professional poker player Nate Silver’s latest book, in which he discusses the power struggle between the “River” and “Village” communities of investment thought.
September 7, 2024
Nate Silver, whose statistics-based 538 blog in the New York Times correctly called the 2012 election in all 50 states, spoke to a sold-out crowd at the Minnesota Interactive Media Assn. Summit at the Hilton Hotel, Tuesday, October 15, 2013 in Minneapolis, MN. (ELIZABETH FLORES/STAR TRIBUNE) ELIZABETH FLORES • eflores@startribune.com
Business

Time-tested solutions for eliminating your credit card debt

There are increasing signs more people are feeling financially strained by credit card debt.
August 31, 2024
FILE - In this March 5, 2012, file photo, consumer credit cards are posed in North Andover, Mass. The three largest credit reporting agencies will change the way they handle records in a major revamp long sought by consumer advocates. The changes were announced Monday, March 9, 2015, after talks between Equifax, Experian, TransUnion and New York Attorney General Eric Schneiderman.
Business

Minnesota’s auto-IRA can help workers save for retirement even without employer plans

The Secure Choice Retirement Program should become effective next year and would mean employers without a retirement savings plan must auto-enroll employees in a retirement savings plan.
August 24, 2024
The deadline for senior citizens age 70 1/2 or older to take the annual required minumum distribution from their IRAs is Dec. 31. (Fotolia) ORG XMIT: 1177883
Business

Plan for potential long-term care in your senior years in terms of family and finances

Medicare doesn’t pay for most long-term care charges.
August 17, 2024
iStock Female caregiver helping senior man get up from bed at home.
Business

How working from home can help save you money

One economist argues those who telecommute at least half the time save $6,000 a year.
August 10, 2024
Business

In an election year, keep your finance game plan simple

Recent polls show a tight race for the White House between Donald Trump and Kamala Harris, and the outcome of the election will have major implications for economic policy.
August 3, 2024
Business

Don’t forget the fiduciary standard when picking a financial advisor

The fiduciary standard binds many financial advisors and is in the nature of their professional certification and business practice.
July 20, 2024
Piggy bank on calculator concept for saving, accounting, banking and business account. istock
Business

Don’t be one of many Americans without ‘rainy day fund’ for emergencies

A Federal Reserve Bank of Minneapolis survey showed as of October 2023, just more than half of U.S. adults had enough savings to cover three months of expenses if they lost their primary source of income, down slightly from a year before and substantially below the pandemic high.
July 13, 2024
Business

How working from home can help save you money

One economist argues those who telecommute at least half the time save $6,000 a year.
August 10, 2024
Business

In an election year, keep your finance game plan simple

Recent polls show a tight race for the White House between Donald Trump and Kamala Harris, and the outcome of the election will have major implications for economic policy.
August 3, 2024
Business

Don’t forget the fiduciary standard when picking a financial advisor

The fiduciary standard binds many financial advisors and is in the nature of their professional certification and business practice.
July 20, 2024
Piggy bank on calculator concept for saving, accounting, banking and business account. istock
Business

Don’t be one of many Americans without ‘rainy day fund’ for emergencies

A Federal Reserve Bank of Minneapolis survey showed as of October 2023, just more than half of U.S. adults had enough savings to cover three months of expenses if they lost their primary source of income, down slightly from a year before and substantially below the pandemic high.
July 13, 2024
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