The way restaurant workers get paid could be changing. The Department of Labor has proposed making tip-pooling legal again.
Whitney Filloon, Senior Reporter at EATER, explains what the proposal would mean for the restaurant industry. Currently, waiters have the rights to the tips they are given during service. Tip-pooling would allow restaurant owners to divide up the tips however they see fit.
Filloon says Democrats have expressed opposition to the proposal, but Republicans have largely stayed silent. The Department of Labor has until the beginning of April to make a decision.
It's a benefit to have a 401k plan with your employer but it can also be stressful to decide how to best allocate your contributions. Michele Schneider, partner and director of trading research and education with MarketGauge.com, joined Cheddar News to explain which markets are best to invest in, depending on your age demographic.
There is no specific formula or playbook for handling money with your spouse. Is it any different with a second marriage? Kelli Smith, director of financial planning with Edelman Financial Engines, joined Cheddar News to discuss what approach to take with finances with a new partner.
