Monday’s need-to-know money news

Snip20160808_4

Today’s top story: How not to pick a bank. Also in the news: bank accounts that foster independence for disabled people, how to pick the right college to avoid student debt, and newly updated government rules to help homeowners facing foreclosure. How Not to Pick a Bank Forget about the free toaster. ABLE Accounts Help […]

Continue reading...

A Hail Mary Retirement Plan for Those With Nothing Saved

no-retirement-savings1

You’re rounding the corner toward retirement age with not nearly enough set aside. We tell young people to start saving for retirement from their first job and not to quit, because even small sums can grow staggeringly large with enough decades of compound returns. But maybe you bumped along from paycheck to paycheck, never saving […]

Continue reading...

Q&A: How to improve your credit scores

Dear Liz: I don’t have a credit score. I have one item on my credit report that’s a court judgment. What can I do to get a score? If I pay the balance due for the judgment, would it be removed? Answer: Paying a judgment doesn’t remove it from your credit reports, but it does […]

Continue reading...

Q&A: Amending a living trust

Dear Liz: My husband and I had a lawyer draw up a revocable living trust and a pour-over will six years ago. We need to amend a couple of areas, and I found it could be done with a form from a self-help legal site. Also, we need to add our home into the trust. […]

Continue reading...

Q&A: How to retrieve old W-2 forms

Dear Liz: I have several years missing from my Social Security earnings history, dating back to 1999. I have been filing income taxes jointly with my wife but we only kept our files for five years. How do I go about retrieving past income documents like my W-2s? I contacted Social Security and the IRS […]

Continue reading...

Wednesday’s need-to-know money news

Today’s top story: Credit cards that allow you to set spending limits for authorized users. Also in the news: 8 keys to getting approved for a mortgage if you’re self-employed, how to tell if you’re getting a good car deal, and how to find the best mortgage rates and lenders online. Which Credit Cards Allow […]

Continue reading...

Tuesday’s need-to-know money news

Today’s top story: Questions you should ask your credit card issuer. Also in the news: Student loan tips your need to know, nearly half of couples split home down payments, and personal finance myths experts want to see disappear. 6 Questions You Should Ask Your Credit Card Issuer Knowing the hows, whens, and whys. 5 […]

Continue reading...

Do debt management plans work?

Nonprofit credit counselors are the good guys in the debt relief industry, which is otherwise full to bursting with lies, scams and sketchy players. That said, credit counselors need to acknowledge that their signature offering – the debt management plan – doesn’t work for everyone. In my latest for the Associated Press, find out when […]

Continue reading...