The Moneyist

‘I use credit cards for everything’: I’m 36, earn $62,000 and have $290,000 in retirement savings. My wife is a stay-at-home mom. Are we doing OK?

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‘Should I put her money in a 529 college plan or keep it rolling over in a CD?’

‘I have no debt, and I only purchase what we can afford with my paychecks.’

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Dear Quentin,

I’m 36 years old. I have about $53,000 in a money-market savings account. I keep anywhere from $1,000 to $2,500 in a checking account. I have about $290,000 in my retirement. I have a wife who has had no job for four-plus years. We both agreed that she would raise our 4-year-old as a stay-at-home mom. I’m not complaining. 

I...