The economy is going gangbusters, unemployment is way down, and open positions are going way up. You’d think wages would go up, too, but that just isn’t happening. Where’s that raise you’ve been expecting? Well, it turns out that wages are a lagging economic indicator. Employers are reluctant to lock in salary increases. On this Moneywise, Rob West and Steve Moore tell you how to successfully negotiate a raise.
Then, they answer your questions at (800) 525-7000 and firstname.lastname@example.org about the following:
- If you and your husband are struggling to know what to do with your tax refund, which debt should we put it toward?
- If you quit your job a few years ago and was recently was re-hired by the same employer and was told that your retirement contributions would just resume to your former account, what should you do with the former IRA if you've found this is not the case?
- If a family member recently gave $100,000 each of your daughters, what should you do with the money until they need to use it?
- If you're going to be empty nesters soon and are thinking of downsizing your home, should you get a small mortgage for a downsize this close to retirement?
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