Thursday’s need-to-know money news

Today’s top story: What homeowners must remember at tax time this year. Also in the news: A GOP proposal to take student loan payments straight from your paycheck, why you might not have to pay that medical bill, and the biggest financial mistake women make.

Here’s What Homeowners Must Remember at Tax Time This Year
Learning the new tax rules.

A GOP proposal could snatch your student loan payment right from your paycheck
This could get ugly.

You Might Not Have to Pay That Medical Bill
Get ready to spend some time on the phone.

The biggest financial mistake women make? Not investing enough.
Deepening the wage gap.

Wednesday’s need-to-know money news

Today’s top story: Don’t let friends and family pick your financial advisor. Also in the news: A month with the 50/30/20 budget plan, what the confusing terms in your 401(k) plan mean, and a growing number of Americans have more credit card debt than savings. Don’t Let Friends and Family Pick Your Financial Advisor Due […]

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Tuesday’s need-to-know money news

Today’s top story: The biggest financial mistake women make. Also in the news: How to find the dirt on your tax preparer, nine states where you can file your taxes after April 15th, and experts reveal who is likely to get a lower refund this tax season. The Biggest Financial Mistake Women Make Navigating the […]

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Companies are also flunking retirement planning

Plenty has been written about American workers’ failure to plan adequately for retirement. Their employers seem to be doing an even worse job. Only 1 in 10 large employers offers a formal phased-retirement program that lets workers cut back their hours or responsibilities before they quit work entirely, according to the 2018 Longer Working Careers […]

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Monday’s need-to-know money news

Today’s top story: How student loan default can gut your paycheck. Also in the news: Changing your screen habits from time-wasting to money-saving, 5 tips for cutting the cost of having your taxes done, and what to do about a surprise student loan bill. How Student Loan Default Can Gut Your Paycheck Avoiding wage garnishment. […]

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Q&A: Who is an independent contractor?

Dear Liz: You answered a question from a mother who was concerned that her son didn’t understand the financial implications of being an independent contractor rather than an employee. From what she wrote, the company employing him may not be following the law. The IRS has criteria to determine whether the worker qualifies as a […]

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Q&A: Delaying Social Security

Dear Liz: In a recent column you mentioned Social Security’s delayed retirement credit, writing that someone’s benefit could grow 32% by delaying benefits for four years between ages 66 and 70. Four years’ worth of accrued 8% increases in Social Security result in a cumulative increase of 36%, not 32%. I would think any financial […]

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Q&A: Nearing retirement and in debt? Now isn’t the time to tap retirement savings

Dear Liz: I’m 60 and owe about $12,000 on a home equity line of credit at a variable interest rate now at 7%. I won’t start paying that down until my other, lower-interest balances are paid off in about two years. I have about $130,000, or about 20%, of my qualified savings sitting in cash […]

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Thursday’s need-to-know money news

Today’s top story: 4 ways to cut your tax bill by April 15th. Also in the news: How banking apps can motivate you to save, what to do in a bank outage like Wells Fargo’s, and how to make extra money online. 4 Ways to Cut Your Tax Bill by April 15 (Yes, There’s Still […]

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Wednesday’s need-to-know money news

Today’s top story: 6 things your side gig will probably do to your taxes. Also in the news: How banking apps can motivate you to save, contributing to your IRA by April 15th could lower your 2018 tax bill, and social media is making Valentine’s Day super expensive for millennials. 6 Things That Side Gig […]

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