Retire right — plan to do it twice

There’s the retirement that looks like the commercials: biking, travel, enjoying the family.

And then there’s the one where you can’t get up the stairs anymore.

Most of us happily plan for the first, when our health is good and energy high. The second can be hard to contemplate, when health falters and medical crises can change lives in an instant.

Yet a focus on just the active part of retirement can shortchange your quality of life once you begin to decline, which is why financial advisers suggest you also look at how you’ll live in that later phase. In my latest for the Associated Press, what you should consider for that second stage.

Tuesday’s need-to-know money news

Today’s top story: 7 reasons why the IRS will audit you. Also in the news: Big news that could affect your student loans, sneaky ways debt can change how you think, and how the “Once in a Lifetime” mentality screws up your budget. 7 Reasons the IRS Will Audit You How to avoid triggering an […]

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Monday’s need-to-know money news

Today’s top story: How to cash a check without paying huge fees. Also in the news: How a Mom paid off $37,000 of debt, what you need to know about FSAs, HSAs and taxes, and why you should beware of mind games when shopping mortgage rates. How to Cash a Check Without Paying Huge Fees […]

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Q&A: Deploying a windfall wisely

Dear Liz: I recently received a $38,000 windfall. I have a student loan balance of $37,000. I want to buy a home, but I can’t decide if I should have a large down payment and continue paying down student loans slowly, or make a balloon payment on my student loans and put down a smaller […]

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Q&A: Getting cash to pay medical bills

Dear Liz: I am 63 and retired from my full-time job last year since I have bad health. I work part time now and have tons of medical bills because of stage one cancer. I need additional cash. Is there some way I can get an advance using my pension check as collateral? In addition, […]

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Friday’s need-to-know money news

Today’s top story: Disputing credit card purchases. Also in the news: Accepting money from parents, 3 investing lessons from the First Lady of Wall Street, and why the IRS wants a piece of your March Madness winnings. You Can Dispute Credit Card Purchases, But Should You? Use, don’t abuse. Ask Brianna: Should I Accept Money […]

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Thursday’s need-to-know money news

Today’s top story: How mortgage life insurance works. Also in the news: The $184K mistake IRA savers could make, how to invest $200,000, and the pros and cons of booking through travel sites like Expedia. How Mortgage Life Insurance Works: Pros and Cons Deciding if it works for you. The $184K Mistake IRA Savers Could […]

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Wednesday’s need-to-know money news

Today’s top story: 4 ways to ride the rising interest rates wave. Also in the news: Why you should set your own credit card limits, reasons why credit isn’t as boring as it sounds, and more than 1 million student loan borrowers are in default. Fed Rate Hike: 4 Ways to Ride Rising Interest Rate […]

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Tuesday’s need-to-know money news

Today’s top story: When to consider a student loan lawyer. Also in the news: Why gutting the Consumer Financial Protection Bureau will impact your wallet, how much you should expect to pay when applying to college, and why you should try a credit union if you’re looking for free checking. When to Consider a Student […]

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Tax refund predators are waiting

People who don’t have much money during the rest of the year can become big targets during tax refund season. For those living paycheck to paycheck, tax refunds — which average around $3,000 — may be the largest chunk of unobligated cash they see all year. Retailers hope to get some of that money, but […]

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