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% […]

Continue reading...

Friday’s need-to-know money news

Zemanta Related Posts Thumbnail

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 […]

Continue reading...

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 […]

Continue reading...

Wednesday’s need-to-know money news

Today’s top story: How to shop for a mortgage online. Also in the news: The risks of ignoring your credit score, websites that can help you save on hotels, and how you can meet the minimum credit card spending requirements while remaining frugal. A Guide to Shopping for a Mortgage Online The differences between applying […]

Continue reading...

Tuesday’s need-to-know money news

Today’s top story: How to save on summer travel. Also in the news: Tips on organizing your financial life, making sense of financial terms, and four traits financially secure people share. 5 Ways to Save on Summer Travel Your wallet deserves a vacation, too. Four Steps To Organize Your Financial Life Make next year’s tax […]

Continue reading...

Monday’s need-to-know money news

Picking up the keys

Today’s top story: How being frugal can actually cost you money. Also in the news: Tips for a better financial future, what to know when refinancing your credit card debt, and how to save when your teenager starts driving. 10 Ways Being Frugal Can Actually Cost You Money Unintended consequences. Listen to your mother: 6 […]

Continue reading...

Q&A: American Opportunity Credit for college expenses

Dear Liz: I am confused regarding my ability to take advantage of the American Opportunity Credit for college expenses in filing my 2014 tax return. My accountant told me I didn’t qualify because my adjusted gross income exceeds $80,000. Yet when I researched on the IRS website, I seem to qualify. I paid qualified education […]

Continue reading...

Q&A: “File and suspend”

Dear Liz: You recently encouraged a reader to listen to his financial advisor, who wanted him to file for his Social Security benefit at his full retirement age of 66 but then suspend the application until his benefit maxes out at age 70. Another good feature of this “file and suspend” maneuver is the ability […]

Continue reading...

Weekend reading: Purging paperwork, unpayable taxes and saving for college

One of the great things about being a columnist is getting access to experts who can help you with problems in your own life–under the guise of helping your readers, of course. Recently I was lucky enough to interview three smart CPAs who had great advice about purging paperwork from our lives, and have already […]

Continue reading...

Friday’s need-to-know money news

Today’s top story: Balance transfer mistakes to avoid. Also in the news: What to do with an unexpected windfall, the savings cell phone carriers don’t want you to know about, and the eight loans to use for paying college tuition. 4 Balance Transfer Credit Card Mistakes Making sure your transfers go smoothly. Got a load […]

Continue reading...