Wsj Your Money Briefing

Banks and gas stations are increasing the hold they place on consumers’ credit and debit cards to $175. WSJ reporter Ayse Kelce joins host J.R. Whalen to discuss why it’s being done and how consumers can avoid the risks. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

An often overlooked option to stem retirement savings losses is to convert traditional IRA money into a Roth IRA. WSJ tax reporter Laura Saunders joins host J.R. Whalen to explain the benefits and potential tax liabilities of making that move.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Some companies are helping employees deal with sky-high gas prices as a way to retain them and encourage a return to the office. WSJ workplace reporter Kathryn Dill joins host J.R. Whalen with more. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Even though the labor market remains hot, some companies are rescinding job offers after candidates have signed on the dotted line. Host J.R. Whalen is joined by reporter Angela Yang, who spoke with several people whose job offers were pulled back. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The stock market declines in 2022 have taken their toll on stock portfolios and 401(k)s. WSJ “Intelligent Investor” columnist Jason Zweig joins host J.R. Whalen to explain why bear markets affect investors in different generations in different ways. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Many retirees mismanage their 401(k) savings once they leave the workforce, resulting in a shortfall of funds. WSJ retirement reporter Anne Tergesen joins host J.R. Whalen to discuss how more 401(k) providers are including features similar to pension funds to ensure retirement savings last as long as possible. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Although stocks have suffered a series of broad selloffs as inflation continues to climb, history shows certain sectors tend to buck the trend and move higher in times of high inflation. George Mason University finance professor Derek Horstmeyer joins host J.R. Whalen to discuss his recent research pinpointing sectors that tend to outperform during periods of rapidly rising prices. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Federal Reserve announced plans to raise interest rates by 0.75 percentage point, and is likely to raise them rapidly for the rest of the year. The moves are meant to counter high inflation but could lead to some hard financial decisions for many people. WSJ personal-finance reporter Julia Carpenter joins host J.R. Whalen with steps you can take to protect your holdings, and financial decisions to put off amid rising rates. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

U.S. households are likely to pay a lot more for electricity this summer due to inflation. WSJ personal-finance reporter J.J. McCorvey joins host J.R. Whalen with tips for reining in your air conditioner’s electricity usage and lowering your monthly energy bill. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Prospective homebuyers who don’t have funds on hand to make an all-cash offer are finding creative ways to solve the issue. WSJ reporter Orla McCaffrey joins host J.R. Whalen to discuss.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Investors whose portfolios have suffered losses can turn those declines into gains when preparing their taxes next year. WSJ’s Laura Saunders joins host J.R. Whalen to explain how it works, and IRS rules to keep in mind.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Inflation is weighing on consumers’ finances, but some shoppers are still willing to pay rising prices on brands they like. But not all. The Drucker Institute’s Rick Wartzman joins host J.R. Whalen to discuss the challenges this poses to companies that often pass higher costs on to shoppers.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The U.K. launched a study this week with thousands of employees in many sectors to determine if working one less day during the week would affect production or morale. WSJ’s Kathryn Dill joins host J.R. Whalen to discuss the experiment and similar studies, and whether U.S. companies are likely to adopt a four-day workweek anytime soon. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In addition to extra charges for food and checked bags, some airlines are charging fees for passengers to select a seat - in some cases in excess of $100. WSJ travel columnist Dawn Gilbertson joins host J.R. Whalen on how passengers can avoid paying seat fees.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

After a strong 2021, “buy now, pay later” companies like Klarna and Affirm are facing financial headwinds due to increased consumer delinquencies and the effects of higher interest rates. WSJ’s AnnaMaria Andriotis tells host J.R. Whalen what consumers who use those programs should expect going forward.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Some senior homeowners use a reverse mortgage to borrow a portion of the equity in their homes as funds to live on. WSJ contributor Lori Ioannou joins host J.R. Whalen to explain the nuts and bolts of reverse mortgages, and the risks that come with them. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

More people in their 20s, often called Gen Z, are shelving plans to pursue socially conscious jobs to take roles with better pay. Host J.R. Whalen is joined by WSJ “On the Clock” columnist Callum Borchers, who discusses the trend, and 25-year-old Monica Tuñez, who left her education non-profit job for a role at a large company. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

More people are using Slack to connect with professionals and recruiters outside their workplace to fast-track their job search. WSJ workplace reporter Lindsay Ellis joins host J.R. Whalen to explain how it works.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

House Democrats have asked the big three credit-reporting firms for answers on how they have handled consumer complaints about inaccuracies on credit reports. WSJ banking reporter AnnaMaria Andriotis joins host J.R. Whalen to discuss.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Auto-insurance companies are set to raise rates by as much as 20% in some places. WSJ insurance-industry reporter Leslie Scism joins host J.R. Whalen to explain why, and when consumers can expect to see those higher bills kick in. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.