Q&A: Mistaken address leads to debt collection

Dear Liz: A debt collector says I owe a small debt from a store credit card I opened about six months ago. The wrong address was on file, so I hadn’t received any documentation at all. After opening the account I had called the store customer service line to arrange a payment, but the representative […]

Continue reading...

Q&A: Spousal benefits and Social Security

Dear Liz: I am divorced. If I apply for Social Security spousal benefits at age 62, based on my former spouse’s work record, can I continue to collect it if I get remarried? I understand that I cannot switch from spousal to my own benefit if I start early. But if I remarry, do I […]

Continue reading...

Q&A: IRA’s and 401(k)’s

Dear Liz: You answered a reader who asked whether to contribute to her IRA, her Roth IRA or her regular or Roth 401(k) account. I thought that if you have access to a 401(k) at work, you couldn’t make a contribution to an IRA or Roth IRA. Answer: That’s a common misconception. You can contribute […]

Continue reading...

Want to protect yourself from tax return theft? You can’t.

A surge of bogus tax return filings has highlighted a grim truth: We can’t protect ourselves from this rising threat. An underfunded, understaffed IRS manages to thwart many attempts, but still sent more than $5 billion in refunds to identity thieves in the 2013 tax year. Most state tax agencies aren’t nearly as sophisticated in […]

Continue reading...

Friday’s need-to-know money news

love-and-money

Today’s top story: How to fall in love with your finances. Also in the news: Filing your taxes for free, the worst money mistakes you can make in the name of love, and how you can create a will for your social media accounts. To Fall in Love With Your Finances, Do This It’s like […]

Continue reading...

What “secret millionaires” can teach us

This column first appeared on DailyWorth under the headline “Lessons from secret millionaires.” Eugenia Dodson grew up on a Minnesota farm, the daughter of poor Swedish immigrants. Her childhood poverty affected her so profoundly that even in her old age, she refused to replace a stove with only one working burner — even though by […]

Continue reading...

Thursday’s need-to-know money news

Today’s top story: The money questions you need to ask before popping THE question. Also in the news: The importance of renter’s insurance, why online tax filers need to pay attention to the fine print, and how to answer your child’s tough money questions. Getting Serious? Five Important Money Questions to Ask The questions to […]

Continue reading...

Wednesday’s need-to-know money news

Today’s top story : How to avoid annoying mortgage hurdles. Also in the news: A financial health checkup, how to keep your online tax returns safe, and what to do if you win tonight’s Powerball jackpot. 4 Annoying Mortgage Hurdles & How to Overcome Them How to have all your ducks in a row. The […]

Continue reading...

Tuesday’s need-to-know money news

Today’s top story: Deciphering your free credit scores. Also in the news: How to keep your frequent flier miles from expiring, the terms first-time homebuyers need to know, and why you should pay with a credit card, not debit, when renting a car. How to Make Sense of All of Your Free Credit Scores Know […]

Continue reading...

Monday’s need-to-know money news

Today’s top story: Every day things that can help improve your credit. Also in the news: Borrowing money for things that won’t last, how lifestyle inflation is hurting your finances, and times when paying more just isn’t worth it. 5 Things You Do Every Day That Can Improve Your Credit Effortless ways to improve your […]

Continue reading...