Gail Marks Jarvis – Page 16

New federal rules, known as the fiduciary standard, are going into effect next year and 2018, requiring people who give money advice to act in your best interest.

For financial advisers, sussing out fear moves to the forefront

June 14, 2018 at 5:58 a.m.

Does your financial adviser really know you? He or she should. And I'm not talking about a handshake as you enter the office followed by an exchange of pleasantries such...

Trader Thomas Ferrigno works on the floor of the New York Stock Exchange on Sept. 6, 2016.

Once considered safe, ‘smart’ funds may be dumb investment

May 23, 2019 at 3:33 p.m.

Who could resist investments that are "smart"? They certainly sound better than "dumb investments" or "idiotic funds." And who wouldn't want to cut "volatility" in their investments? In other words,...

Chicago has the second-most vacant bank-owned homes in the country after Detroit, according to Attom, parent of RealtyTrac.

Chicago trails only Detroit in number of empty bank-owned homes

June 12, 2018 at 7:10 a.m.

Chicago is struggling to rid itself of vacant bank-owned homes. The number of these ill-kept structures brought on by the housing crisis has spiked more than 90 percent over a...

Joe Greybar of Greyson Properties walks in 2006 in front of a home his company built in Western Springs. The new build replaced a much smaller home.

The McMansion’s day has come and gone

June 14, 2018 at 9:33 a.m.

When Dr. Kishin Ramani decided to sell his six-bedroom, Georgian-style home on a half-acre lot in Hinsdale three years ago, it never occurred to him that he'd be resigned to...

More than 28 percent of renters in the U.S. are devoting more than 50 percent of their gross income to paying rent.

Surge in renters making the U.S. less affordable

May 23, 2019 at 3:33 p.m.

For decades, the U.S. has been a standout in the world as the land where people fulfilled the American Dream by owning a home. Now, in the aftermath of the...

These Oak Park homes sold in July for above the asking price. Chicago-area home prices were 3.3 percent higher in June than a year earlier but trailed the 5.1 percent gain of a composite of 20 major cities tracked by the S&P/Case-Shiller index.

Chicago area remains a laggard in home price recovery

June 10, 2018 at 6:32 a.m.

Chicago-area home prices were 3.3 percent higher in June than a year earlier but trailed the 5.1 percent gain of a composite of 20 major cities tracked by the S&P/Case-Shiller...

Changing the Social Security retirement age to 70 would disproportionately hurt lower income retirees, according to critics of the idea, who say it would exacerbate "longevity inequality."

Pushing back retirement age to 70 would be harder on low-income workers

May 23, 2019 at 3:33 p.m.

It sounds like a simple fix to the nation's immense problem of funding Social Security and Medicare for an aging country — just get everyone to work to 70 and...

Brian McInerney, 54, who is currently unemployed, works on his computer to network and look for possible job leads in Chicago on Aug. 25, 2016.

Out-of-work financial execs still feeling bite of economic crisis

June 9, 2018 at 1:28 p.m.

About 30 years ago, Lise Rosengard was persuaded by family and friends to set aside her passion for art and go for a secure job with good earning potential. She...

Home sales in the Chicago area took a hit in July, sliding 7.3 percent from a year ago.

July home sales plunge in Chicago, suburbs

June 9, 2018 at 5:35 p.m.

A spring and early summer surge in home buying in the Chicago area came to an abrupt halt in July, as local home sales slid 7.3 percent from a year...

An estimate by Fidelity Investments says that if you are 65 and retiring this year, you will need about $130,000 during retirement to cover your health care expenses. For a couple, that would be about $260,000.

Retirement shocker: $260,000 in health care expenses per couple

May 23, 2019 at 3:33 p.m.

Here's a figure that may make you sick if you are planning to retire soon and haven't looked at what your health care costs are going to be. If you...

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