Wednesday’s need-to-know money news

Today’s top story: 4 steps to managing your parents’ bank accounts. Also in the news: How banks boost overdrafts by counting big debits first, how to determine whether to pay down debt or save for retirement, and mistakes to avoid when choosing a financial advisor. 4 Steps to Managing Your Parents’ Bank Accounts Taking the […]

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How 3 People Changed Their Financial Lives

Lauren Greutman’s moment of truth dawned when she sneaked $600 worth of clothes into her closet. She didn’t want her husband to see what she had bought — or to know that they were $40,000 in debt. J.D. Roth hit bottom after buying a home he thought he could afford Zina Kumok’s epiphany came when […]

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Tuesday’s need-to-know money news

Today’s top story: How to safely shop online. Also in the news: The top financial complaints by state, how to lower your tax bill before the end of the year, and 5 ways car ads lie to you. How to Safely Shop Online Protect yourself from cyber theft. Study: The Top Financial Complaints by State […]

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Book Giveaway: Smart Mom Rich Mom by Kimberly Palmer

I’m giving away a copy of Kimberly Palmer’s Smart Mom, Rich Mom: How to Build Wealth While Raising a Family. Of all life’s financial shocks, few compare to bringing home an infant. Just one tiny person costs $250,000 to raise– not including college! How will you pay for it? That agonizing question fuels mothers’ choices […]

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Monday’s need-to-know money news

Today’s top story: Advice from people who paid off student loans. Also in the news: How to turn a bad day into a tax break, why Austin, Texas is the best city for job seekers, and the bank account score agencies you’ve never heard of. Advice From 3 People Who Paid Off Student Loan DebtTips […]

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Q&A: Don’t bequeath trouble to your descendants

Dear Liz: I have two grown children, neither of whom owns a home, and three grandchildren. I would very much like to keep my house in the family for all to use, if and when needed. It is not large, and it would be somewhat difficult for two families to live here at the same […]

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Q&A: Claiming an adult child as a dependent

Dear Liz: I am paying rent for my adult son in another state. He gets occasional help from various services, but if I don’t want him to sleep on the street, I have to pay his rent and send some emergency food. I don’t see this changing. Can I claim him as a dependent or […]

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Q&A: How much risk is too much in retirement?

Dear Liz: If you have all your required obligations covered during retirement, is having 70% of your portfolio in equities too risky? Answer: Probably not, but a lot depends on your stomach. Retirees typically need a hefty dollop of stocks to preserve their purchasing power over a long retirement, with many planners recommending a 40% […]

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Friday’s need-to-know money news

Today’s top story: 7 questions and answers about the fed rate hike. Also in the news: How to avoid the Social Security tax bubble, how the fed rate hike could affect your student loans, and how not to be tricked by retailers’ “regular prices.” Fed Rate Hike: 7 Questions (and Answers) What you need to […]

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Let’s be careful out there

It’s going to be a zoo at the stores the next couple of days, the last full weekend before Christmas (next Sunday) and Hanukkah (which starts the night before). Plus, today is the last day for ground delivery from UPS and FedEx deliveries if you want your packages to arrive by Christmas. If you feel like the […]

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