He Never Dreamed His House Would Be Worth M illions. Here’s How H e’s Paying It Forward.

Parsing the language used in job listings can feel like another full-time gig. Senior Reporter Monica Torres cut through some of that BS this week with a look at the phrase “pay is competitive.” Not only do HR experts weigh in on what that phrase does and doesn’t mean, but we’ve got advice on how to best bring it up in an interview. Check that out below!

Janie

Take Back Your Life

Look for a job long enough, and you’re bound to run into the words “pay is competitive.” Along with its cousin, “salary commensurate with experience,” this is not only a subjective phrase, but it can also be a potential red flag about how a company views compensation and labor. Here’s what HR execs and career experts have to say about it.

Deal With It

“What is our responsibility — to ourselves, our family and our community — for the assets we have accumulated during our lives?” wondered Paul E. Fallon. Decades ago, he bought an aging multi-family house in Cambridge, Massachusetts, and thanks to “pure luck” and the real estate market, it's now worth millions. When Fallon turned 65 and started to get his affairs in order, he decided to set up a plan that will likely transform the lives of four families by providing affordable housing that promotes continuity and ownership. Here's how.

Pro Tip:

If you received a child tax credit earlier this month but feel light on the details of what you can expect in future, we’ve got you covered. Check out this breakdown of everything you need to know about the program, including the calculations for payments, when they’re issued and how long the tax credit will last.

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