Why your kid should help pay for college

I recently heard from the parents of yet another high school senior who turned down a huge scholarship from a good college to attend her “dream school,” which of course has lousy financial aid. Now her parents are scrambling, trying to figure out how to pay for it . This madness must end. Asking teenagers […]

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Monday’s need-to-know money news

Today’s top story: How to plan a vacation without getting into debt. Also in the news: How to save money and drive safer by plugging into your car’s computer, 9 expenses to pack in your moving budget, and 3 people show how they got control of their college debt. How to Plan a Vacation Without […]

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Q&A: How to ensure that assets end up with an heir — not that person’s spouse

Dear Liz: What would be the ownership status of assets covered in our will and our retirement accounts when our heirs and beneficiaries receive them? In the case of married heirs, do the asset ownership laws of their state of residence dictate whether inheritance proceeds get held individually or jointly? In addition to having a […]

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Q&A: Big severance creates a tax problem

Dear Liz: My husband is being laid off with a severance package equal to seven months’ pay. What’s better for tax avoidance in California, a 529 college savings plan contribution or investing in an IRA? Answer: A 529 college savings plan contribution won’t save you taxes in California. There’s no federal deduction for such contributions, […]

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Q&A: Getting spousal benefits after divorce

Dear Liz: When I retired at 63, my husband had been on Social Security for several years. We had been divorced about six months at that time. Should I have been bumped up to his benefits? We had been married for 42 years. Answer: You wouldn’t get an amount equal to his benefit if he’s […]

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Thursday’s need-to-know money news

Today’s top story: Plug into your car’s computer to save money and drive safer. Also in the news: How to reset retirement plans to weather a downturn, the easiest way to earn 6,000 Rapid Rewards point, and why you should pay off all of your debt before investing in stocks. Plug Into Your Car’s Computer […]

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Wednesday’s need-to-know money news

Today’s top story: What to buy and skip in September. Also in the news: 5 times to stash your cash and pay with plastic, what college freshman need to know about their student loans, and how to choose the best approach to managing your investments. What to Buy (and Skip) in September 5 Times to […]

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Tuesday’s need-to-know money news

Today’s top story: Why your parents’ money guru may not be right for you. Also in the news: Home loans with 3% down for 2018, what hotel credit card upgrades mean for your bottom line, and how the student loan grace period works. Your Parents’ Money Guru May Not Be Right for You Striking out […]

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How to reset retirement plans to weather a downturn

The older the current bull market gets, the more stories you’re likely to read about how this is an awful time to retire. Yes, we’re due for a correction that trims 20 percent or more from stock values. That could be a big problem for people taking withdrawals from investment portfolios, since market losses early […]

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Monday’s need-to-know money news

Today’s top story: How to stretch your spending money in college. Also in the news, 4 places to find last-minute scholarships, why your house is not a piggy bank, and 6 financial microhabits that can make you rich. How to Stretch Your Spending Money in College Making it last week-to-week. 4 Places to Find Last-Minute […]

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