Wednesday’s need-to-know money news

Today’s top story: What you need to know about the new Social Security changes. Also in the news: Deciding between leasing or buying a car, how new graduates starting a business should manage their debt, and what to know before rolling over your 401(k). What You Should Know About the New Social Security Rules Big […]

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Don’t Give Up on Social Security — Count On It

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Everything you think you know about Social Security is probably wrong. The system isn’t “running out of money.” It’s not going bankrupt. And the chances are quite good that millennials will receive benefits from Social Security — although half of them don’t believe it, according to a 2014 Pew Research Center study. Not understanding how […]

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Tuesday’s need-to-know money news

Today’s top story: Why you shouldn’t wait for a 401(k) to start saving for retirement. Also in the news: Cell phone options for when you’re traveling overseas, credit problems that can destroy your home-buying dreams, and five crucial retirement years for your money. Don’t Wait for a 401(k) to Start Saving for Retirement Don’t wait […]

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Q&A: How to negotiate the medical bill maze in search of a better deal

Dear Liz: My husband and I have run into some serious medical bills recently. We have insurance, but one provider is out of network with a huge deductible and low payout, while another claim was flat-out denied. We’re looking at around $16,000 in bills, assuming nothing else is denied. What can we do to get […]

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Q&A: Retirement account bears close scrutiny

Dear Liz: About five years ago, I transferred a 401(k) account to an IRA with a financial advisor recommended by a friend. I receive monthly statements, but like most people, I am busy and do not study them, which is my fault. The statements are very confusing, even though I am a college graduate with […]

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Q&A: Healthcare coverage should be part of retirement planning

Dear Liz: You’ve been writing about how much to save for retirement, including how much of our incomes we should aim to replace with our savings. Two additional reasons to shoot for a higher replacement rate is the possibility that medical needs will be higher the older one becomes (even with Medicare and a supplemental […]

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Friday’s need-to-know money news

Today’s top story: Why debt-to-income ratio matter when buying a house. Also in the news: Crucial insurance changed to make after divorce, how to manage your finances when you’re separated, and a bill in congress that would remove credit report strikes after four years. Debt-to-Income Ratio Matters When You’re Buying a House How to improve […]

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Thursday’s need-to-know money news

Today’s top story: How to find the best deals for Memorial Day sales. Also in the news: Money mistakes to avoid for new grads, why Americans are pretty clueless about their credit cards and scores, and deciding what to do with an old 401(k). Memorial Day Sales: How to Snag a Good Deal, Guaranteed The […]

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Wednesday’s need-to-know money news

Today’s top story: Insurance changes to make when you retire. Also in the news: Deciding between whole life and term life insurance, protecting your credit card points, and the pros and cons of balance transfer credit cards. 5 Insurance Changes to Make When You Retire It’s a whole new ballgame. Should I Get Whole Life […]

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When Bankruptcy Is the Best Option

bankruptcy

Bankruptcy isn’t the end of the world. It may even be good for you. Bankruptcy stops collection calls, lawsuits and wage garnishments. It erases debt. And despite what you’ve heard, bankruptcy may help your credit scores. Credit bureaus and scoring experts often say bankruptcy is the single worst thing you can do to your scores. […]

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