Your mother’s maiden name is not a secret

Your mother’s maiden name is probably not a secret. Neither, necessarily, is your high school mascot or the size of your car payment. But some banks and brokerages still pretend this is information only you would know, and that could be putting your money at risk.

So-called security questions long ago outlived their usefulness, since they can be hard for the right people to remember and easy for the wrong people to guess or steal.

In my latest for the Associated Press, why security questions are no longer the most secure way to protect your information.

Monday’s need-to-know money news

Today’s top story: How to find a good tax preparer. Also in the news: Excuses for delaying retirement savings, what the TCF bank suit means for you, and why used cars usually have higher interests rates. How to Find a Good Tax Preparer (and Write Off the Bad Ones) Finding good help during tax season. […]

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Q&A: Paying an advisor vs. doing it yourself

Dear Liz: I started with a fee-only advisor 10 years ago. She moved to another company a few years after and I followed. She’s really done well for me. My question is, now that I’m getting ready to retire, should I manage my own accounts to avoid incurring commissions or fees? I don’t anticipate making […]

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Q&A: Taking a look at the confusing world of credit scores

Dear Liz: I was recently denied a credit card and told my score was 150 points lower than what my credit reports show. Why would this be? Am I being deceived by the credit reporting agencies? It was such a low number that it’s a little hard to believe since I have been approved for […]

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Friday’s need-to-know money news

Today’s top story: How to prep (or not) for President Trump’s proposed tax changes. Also in the news: You could be owed money in the Western Union fraud case, why inauguration rental hosts could get a tax break, and 4 ways your expenses can skyrocket when having kids. How to Prep (or Not) for Trump’s […]

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Thursday’s need-to-know money news

Today’s top story: 5 financial goals to set in 2017. Also in the news: What you should do with rising home equity credit rates, simple tasks to prepare you for tax season, and 7 ways to prepare for an unpaid maternity leave. 5 Financial Goals to Set in 2017 Short-term and long-term. Home Equity Line […]

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Navient student loan lawsuit

Federal regulators just smacked the student loan servicer formerly known as Sallie Mae with a lawsuit accusing it of all kinds of bad behavior. This is a big deal, since the company, now called Navient, handles billions of dollars of loan payments for about one out of four borrowers. The New York Times said the […]

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Wednesday’s need-to-know money news

Today’s top story: What happens when you can’t repay a payday loan. Also in the news: How to upgrade your old car with new-car tech, why women may face retirement shortfalls despite the closing pay gap, and the biggest complaints about 401(k)s. When You Can’t Repay a Payday Loan Preparing for the consequences. 5 Ways […]

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Tuesday’s need-to-know money news

Today’s top story: How to prepare financially for your death regardless of your age. Also in the news: The best industries for starting a business in 2017, how insurance companies use your driving record as a crystal ball, and 5 practical steps for creating a retirement backup plan. How to Prepare Financially for Your Death […]

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Retirement advice from retired financial experts

Most retirement advice has a flaw: It’s being given by people who haven’t yet retired. So I asked money experts who have quit the 9-to-5 for their best advice on how to prepare for retirement. In my latest for the Associated Press, what the experts say you can do to prepare yourself both financially and […]

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