Money Never Stops Buying Happiness
New research out of the Brookings Institution claims there is no ceiling above which additional wealth stops contributing to people's sense of well-being.
moneyandhappiness
How Getting Robbed by Bernie Madoff Led Her to a Happier Life
Geneen Roth and her husband Matt were ripped off by Bernie Madoff -- victims of his now-notorious Ponzi scheme. Her first reactions when she found out were panic, terror, self-blame and rage. But her struggle to deal with the financial catastrophe led her to see another side of life.
Holiday Cheer: Dani Johnson's Trip from Homeless to Millionaire
The holidays can be difficult for people suffering financial and personal setbacks. Dani Johnson, who went from homeless to millionaire, has been there -- and talks with Laura Rowley about overcoming despair and finding hope as the holiday season approaches.
How Retirees Can Get Better Returns on Their Nest Eggs
A retiree named Bob is confronting a dilemma many of his peers face: His nest egg is parked in safe cash investments, like certificates of deposit, and earning barely any interest. What can he do to get a better return? Laura Rowley looks at an increasingly popular alternative.
Your Money Brain Explained: Why Saving Is So Hard
Why do we procrastinate about financial decisions when we know that putting them off hurts us in the long run? Why do we splurge today instead of saving for retirement? And when is the brain at its prime in terms of decision-making? Harvard economist David Laibson joins DailyFinance's Laura Rowley in New York's Central Park with his insights.
How to Take a Tax Loss When Property Values Fall
A reader named Sally bought a property that has since fallen in value. If she sells it for less than she paid, what effect will it have on her taxes? DailyFinance's Laura Rowley has the answer.
How Visions of the Future Help You Manage Money Today
Researchers have found that people who create concrete mental pictures of their goals are more likely to save money for them. Here's the story of one woman who looked into her own crystal ball, got a clear vision of what she wanted, and implemented a financial strategy that allowed her to achieve it. DailyFinance's Laura Rowley shares the lessons learned along the way.
The Best Defense: Money Moves to Protect Your Family
In financial planning, people usually play offense: It's about finding the right strategy to get to the goal. But it's just as crucial to have a good defense. Cal Brown, a financial planner and author of the new book When Life Strikes: Weathering Financial Storms, shares some of his defensive plays with DailyFinance's Laura Rowley.
How the Taxes Work on a Roth IRA Conversion
When you contribute to a traditional IRA, you can deduct that money from your taxable income that year. When you contribute to a Roth IRA, you don't get the immediate tax benefit -- but you withdraw your money tax-free in retirement. It's also possible to convert from a traditional to a Roth, but you have to pay taxes to do so. A reader named Ron wants to know how that works, and when he'd have to pay the taxes. DailyFinance's Laura Rowley explains.
Decades Later, Student Loan Default Still Haunts Her
President Obama recently announced a plan to provide relief to student loan borrowers, but for the millions already in default on such loans, that help comes too late. Failure to repay those loans can wreck your finances permanently. Casey Zimmerman Thompson is a cautionary tale: More than two decades ago, she borrowed just $7,100.
3 Tips for Cleaning Up Your Finances After a Debt Storm
When you get deep into credit card debt, it can feel like you've been through a financial storm. That's the story for a social worker named Heather, who has $30,000 in credit card debt. DailyFinance's Laura Rowley looks at key steps to clear the debris from her path to a brighter financial future.
The Most Affordable Places to Retire in 2012
Financial planner Thomas Corey has a new book revealing the most affordable places to retire in 2012, highlighting cities and towns that also offer lifestyle benefits. He unveils the winners for DailyFinance's Laura Rowley.
What's the Fallout From Defaulting on a 401(k) Loan?
Brian borrowed $5,000 from his 401(k), and now he can't make his $150 a month payments. DailyFinance's Laura Rowley looks at the fallout from failing to keep up, and what Brian should do.
Money and Happiness: Laura Rowley Helps You Find Both
For 25 years, journalist and author Laura Rowley has helped people navigate the minefield of personal finance and explored the relationship between money and happiness. In her DailyFinance column, she aims to help you make enlightened decisions about your money -- and your life. Need some advice? All you have to do is ask.
How to Face Your Budgeting Fears and Take Control
In the midst of a divorce, a mom of five faces a financial horror story: $40,000 in credit card debt, a huge mortgage payment and minimal college savings -- and she has no idea how to budget. DailyFinance's Laura Rowley offers a few ways she can begin her escape from the financial twilight zone.