How planners get paid–and how that can, should and will change

The best way to pay a financial planner is directly through fees you pay, rather than indirectly through commissions. That way, you don’t have to worry that the advice you’re getting is influenced by how much your advisor stands to gain by selling you certain investments. But most fee-only planners have adopted the “assets under […]

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Thursday’s need-to-know money news

Today’s top story: Starbucks is the latest hacker’s delight. Also in the news: Getting control over your spending, advice that could ruin your retirement, and money fears that could sabotage your net worth. Reports: Hackers Targeting Starbucks Mobile Users How to protect your caffeine fix. 3 Tips for Getting Control Over Your Spending Reining it […]

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Wednesday’s need-to-know money news

Today’s top story: The right way to close a credit card. Also in the news: Financial tools you no longer need, determining how much college tuition you can afford, and how baby boomers can survive retirement. What’s the Right Way to Close a Credit Card? How you say goodbye matters. 5 Financial Tools You No […]

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Tuesday’s need-to-know money news

Today’s top story: How to negotiate your medical bills. Also in the news: How to file a financial aid appeal, gifts to set graduates off on the right financial foot, and ways to maximize Social Security benefits. 7 Tips for Negotiating Medical Bills You don’t have to pay $7.00 for that aspirin. How To File […]

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Monday’s need-to-know money news

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Today’s top story: Understanding the difference between a credit card and a charge card. Also in the news: Why using a credit card for financial emergencies isn’t always a good idea, the fees of 13 major airlines, and why you shouldn’t trust most retirement calculators. What’s the Difference Between a Charge Card & a Credit […]

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Q&A: Social Security benefits and divorce

Dear Liz: You’ve been answering questions about ex-spouses and Social Security benefits. My first marriage was longer than 10 years, and I was the primary earner. My ex remarried but later divorced again. Does his getting remarried nullify his claims forevermore — or is his ability to claim spousal benefits based on my income back […]

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Q&A: Investing vs Saving for college tuition

Dear Liz: We recently inherited some money. We’ve never had much. We want to invest our inheritance for our kids’ college education. We asked around to find investment firms that people have had a good experience with. But how do we know they are honest and make sound investment decisions? How do we know if […]

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Q&A: 401(k) employer limits

Dear Liz: My company doesn’t allow us to contribute more than 50% of our paycheck to our 401(k). This limits my contribution to far less than the IRS’ $18,000 annual limit because I’m low paid. How can I tackle this situation, as I would want to contribute more but am being constrained by the 50% […]

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Friday’s need-to-know money news

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Today’s top story: Credit card mistakes you need to avoid. Also in the news: Costly financial aid mistakes, avoiding debt for new grads, and when you should see a financial therapist. 5 Credit Card Mistakes Driving You Into Debt Pay close attention. How to avoid these costly financial aid mistakes Don’t leave money sitting on […]

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Thursday’s need-to-know money news

Today’s top story: How your mortgage affects your credit score. Also in the news: Finding a great mortgage rate, buying vs renting for retirees, and important tax deadlines business owners need to know. Will Paying Off Your Mortgage Hurt Your Credit? How your mortgage effects your credit score. 6 Tricks To Getting A Great Mortgage […]

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