Four 529 college savings traps to avoid

Putting money into a 529 college savings plan is relatively easy. Getting it out can be tricky. This may come as a surprise to the families who have piled money into accounts, hoping to reap tax and financial aid benefits. “People get tripped up and don’t realize it until it’s too late,” said consultant Deborah […]

Continue reading...

Thursday’s need-to-know money news

Today’s top story: The Ashley Madison hack has exposed the information of over 30 million people. Also in the news: Why young people need estate planning, how being lazy costs you money, and how that generous gift from your grandparents could affect your financial aid. Life After Ashley Madison: How to Operate in a World […]

Continue reading...

Wednesday’s need-to-know money news

Today’s top story: Seven times you’ll wish you had a better credit score. Also in the news: Money habits to master before your 30’s, a back-to-school financial checklist, and why the economic instability in China could have an effect on your 401(k). 7 Times You’ll Wish You Had a Better Credit Score From renting an […]

Continue reading...

Tuesday’s need-to-know money news

Today’s top story: What life is like when you default on your student loans. Also in the news: How to get the most from selling your old cell phone, five financial questions everyone needs to know the answers to, and how having no credit score can make life difficult. 3 Grads Reveal What It’s Really […]

Continue reading...

Q&A: Co-pays and collections

Dear Liz: My primary care physician referred me to a gynecologist for a medical issue. I called the office three times and asked that the appointment be made as an annual exam. During the appointment, the doctor was rude and critical of my body and lifestyle. (I am obese.) I left the appointment in tears […]

Continue reading...

Q&A: Social Security spousal benefits and divorce

Dear Liz: My former husband is 11 years older than I, and we were married for 15 years. I am 54 and have not remarried. When I turn 62, can I claim a spousal benefit based on his Social Security record because he’s already reached full retirement? Or do I have to be at my […]

Continue reading...

Monday’s need-to-know money news

Today’s top story: How some of your back-to-school expenses could be tax deductible. Also in the news: Paying taxes on free credit monitoring, money saving tips for when you’re earning minimum wage, and ten financial vocabulary terms you absolutely need to know. Some Back-to-School Expenses Could Be Tax-Deductible Back-to-school expenses could be a little less […]

Continue reading...

Friday’s need-to-know money news

Today’s top story: The increase in identity theft makes checking your credit an absolute necessity. Also in the news: How to prepare your college freshman for financial realities, how to pay off your debt for good, and five ways small businesses can get the most out of their credit cards. Another Reason You Really Need […]

Continue reading...

The minus side of PLUS loans

Student-Loans

Parent education loans can help your child attend the college of her dreams — and sink any dreams you had of ever retiring. The grim reality is that the federal PLUS loan program allows parents to borrow far more than they can comfortably, or even ever, repay. In my column for Reuters, I explain why […]

Continue reading...

Thursday’s need-to-know money news

law-technology-podcasts-300x300

Today’s top story: Seven money podcasts you should be tuning in to. Also in the news: Why your parents’ financial advisor keeps asking about you, how small business owners can prepare for an interest rate hike, and a guide to debit vs credit cards. 7 Money Podcasts You Should Be Following Making your commute more […]

Continue reading...