Q&A: Where’s my stimulus check?

Dear Liz: My wife and I are retired and don’t have enough income to file tax returns. How can we get our stimulus checks? Answer: If you get Social Security checks, your stimulus checks will be sent to you automatically, either via direct deposit if that’s how you get your benefits or paper check. If […]

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Q&A: Here’s why taking money from retirement accounts to pay bills is dumb

Dear Liz: I do not qualify for a coronavirus hardship withdrawal, but I have debt on several credit cards with interest rates above 23%. In 2019, I paid nearly $2,500 in interest charges. I would like to remove $10,000 from my IRA and use it to pay off the debt. I would then put the […]

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Friday’s need-to-know money news

Today’s top story: Capital One letting you use miles on takeout, delivery, and streaming. Also in the news: Coronavirus auto insurance refunds – how much to expect, how to school kids on money lessons during the outbreak, and how to check if you’re eligible for food stamps. Capital One Letting You Use Miles on Takeout, […]

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Thursday’s need-to-know money news

Today’s top story: Where Coronavirus relief checks go, fraudsters follow. Also in the news: What to do if you’re a U.S. citizen stranded abroad right now, how to strengthen your financial resilience with these 3 insights, and why you should keep paying your federal student loans right now, if you can. Where Coronavirus Relief Checks […]

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Wednesday’s need-to-know money news

Today’s top story: Don’t let your Coronavirus relief check disappear into your debts. Also in the news: How to make your car last 200,000 miles, what kind of credit card relief you can request during the pandemic, and how to check the status of your Coronavirus relief payment. Don’t Let Your Relief Check Disappear Into […]

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How to raid your retirement funds in a crisis

In an ideal world, your retirement accounts would be left alone for retirement. You’ve probably noticed that we’re not living in an ideal world. Early withdrawals can have serious repercussions, including big tax bills today and potential shortfalls in the future. In my latest for the Associated Press, alternatives to consider and what to do […]

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Tuesday’s need-to-know money news

Today’s top story: What to know about buying life insurance during the Coronavirus pandemic. Also in the news: How to earn passive income, deferring a personal loan payment, and how to sell your home during the Coronavirus shutdown. Buying Life Insurance? What to Know During the Coronavirus Pandemic It’s not too late for most people […]

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Monday’s need-to-know money news

Today’s top story: How to file for Coronavirus unemployment if you’re self-employed. Also in the news: Should you save your miles and points or spend them, 8 ways to switch up the new at-home normal, and a new episode of the SmartMoney podcast on what to do when you owe the IRS. How to File […]

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Q&A: Push lenders for student loan help

Dear Liz: I saw your previous column about the federal student loan payments being suspended by the CARES Act until Sept. 30, with interest being waived. I reached out to my loan servicer about my loans and was told that while they are federal loans, they were made before 2010 and are not covered by […]

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Q&A: What to do after coronavirus takes away your job

Dear Liz: I’m a single mom who just lost my job because of COVID-19. I have a mortgage, a car payment, credit card debt and a child who is headed to college in the fall. What do I do? I am very scared. Answer: This is a very scary time. Your job now is to […]

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