Tuesday’s need-to-know money news

Today’s top story: A beginner’s guide to budget travel. Also in the news: Get up to 75% off Spirit Airlines round-trip flights, 10 tips for family budget travel, and questions to ask before taking a tax refund advance. A Beginner’s Guide to Budget Travel It’s all in the planning. Flight Deal: Get Up to 75% […]

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There’s always a next recession, so be prepared

Recessions are like natural disasters: They’re inevitable, but smart preparation may reduce the impact on you. The U.S. economy has grown steadily since emerging from the “Great Recession” in June 2009, but expansions can’t continue forever, and this one is already the second-longest on record. Only the expansion from March 1991 to March 2001 lasted […]

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Q&A: Claiming Social Security can get complicated

Dear Liz: I am 63 years old, born in November 1955. My husband and I divorced five years ago after 37 years of marriage. I work full time and plan to continue until age 70 at least. Am I eligible for the option of applying for restricted benefits under my ex-husband’s Social Security when I […]

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Q&A: Is it smarter to save for retirement or pay off debt first?

Dear Liz: I graduated from college in May and began a full-time job in October making $36,000. I also do freelance work and receive anywhere from $500 to $1,000 a month from that. I live at home, so I don’t have to pay for rent or groceries, which really helps. Currently, I have just over […]

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Friday’s need-to-know money news

Today’s top story: How to invest during a bear market. Also in the news: Saying goodbye to John Bogle, how to budget for a family trip to Disney, and questions to ask before taking a tax refund advance. How to Invest During a Bear Market Strategies to consider. Why We’ll Miss John Bogle — and […]

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Thursday’s need-to-know money news

Today’s top story: More parents are putting limits on college help. Also in the news: Mastercard’s new rule will make some “free” trials more transparent, what you need to know about SIPC insurance, and why you should be wary of new tricks for raising your credit score. More Parents Are Putting Limits on College Help […]

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Wednesday’s need-to-know money news

Today’s top story: 3 money tasks you need to do right now. Also in the news: NerdWallet’s 2019 Best Banks, how one couple ditched holiday debt, and all the tax credits you can take for 2018. 3 Money Tasks You Need to Do Right Now Make your life much easier. NerdWallet’s 2019 Best-of Awards: The […]

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Monday’s need-to-know money news

Today’s top story: What the government shutdown means for home loans. Also in the news: How to stay afloat financially during the shutdown, how Medicare premiums could be the key to itemizing your taxes, and how to start investing right now. What the Government Shutdown Means for Home Loans Prepare for delays. How to Stay […]

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Q&A: Why do 401(k) and IRA contributions have such different rules?

Dear Liz: Can you please explain to me why the IRS allows an employee in a workplace 401(k) to contribute $19,000 but a wage earner without a 401(k) can contribute only $6,000 to an IRA? This seems grossly unfair. Why does one group get to save three times as much for retirement? Answer: Congress works […]

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Q&A: A required minimum distribution headache

Dear Liz: For more than four years my husband has had to take a required minimum distribution from his 457 deferred compensation plan. We have always chosen when to do that, knowing that it has to be done by Dec. 31. This year we processed the distribution on Dec. 28 to take advantage of stock […]

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