Q&A: Rolling traditional IRA to a 403(b)

Dear Liz: My husband and I both have employer-sponsored 403(b) retirement plans. We each also have a Roth IRA, and I have a traditional IRA that I started in the 1980s before I started work with my current employer. I do not actively contribute to this traditional IRA as I am contributing the maximum amount […]

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Q&A: Social Security solvency

Dear Liz: Can you tell us what the status is of the Social Security system? Will the money that I and my employers have paid into the system be there for me when I need it in 15 or 20 years? Answer: The money you pay into the system provides benefits for current retirees. When […]

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Friday’s need-to-know money news

Today’s top story: Why the Fed’s rate changes won’t immediately impact your loans. Also in the news:Why all credit checks aren’t created equal, how to avoid an IRS audit, and the four pillars of building wealth. Why Fed Moves Won’t Hugely Affect Your Loans Anytime Soon A slow creep instead of a dramatic jump. Do […]

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Thursday’s need-to-know money news

Today’s top story: A dangerous new type of identity theft is on the rise. Also in the news: Tax breaks overlooked by small business owners, how CD loans could cover short-term needs, and the first thing to do when you get a new credit card. The Surprising Kind of Identity Theft You Probably Haven’t Heard […]

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Wednesday’s need-to-know money news

Student-Loans

Today’s top story: Little known ways to get your student loans forgiven. Also in the news: What to do when you can’t pay your taxes on time, tools that can help you build wealth for the future, and great ideas for you tax refund. 5 Little-Known Ways to Get Your Student Loans Forgiven Do you […]

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Tuesday’s need-to-know money news

Today’s top story: Tax tips for military personnel. Also in the news: What to do when your credit card interest rate goes up, how to handle tax return fraud, and how to survive financially when you don’t have an emergency fund. Top Tax Tips for Military Personnel Military service comes with some unique tax breaks. […]

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Monday’s need-to-know money news

low interest

Today’s top story: The downsides of low-interest credit cards. Also in the news: How to beat a spending addiction, the complicated world of the Alternative Minimum Tax, and how to get a better credit card rate by threatening to cancel. 7 Downsides of Low-Interest Credit Cards What’s great in the short terms could come back […]

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Q&A: IRA interest rate terms

Dear Liz: I went to renew my IRA certificate of deposit and the bank officer suggested that I renew at the greater rate being offered for a five-year term (about 1.5% APR) rather than the lower rate for a one-year term (about 1% APR). She explained that since I am over 59 1/2, I can […]

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Q&A: Social Security spousal benefits

Dear Liz: I am 61 and going through a second divorce. Would I be able to start drawing my first husband’s Social Security now or would I have to wait till I am 62 later this year? Also, could I draw off my second husband’s work record, since he made more money? Which would benefit […]

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Friday’s need-to-know money news

financial doom

Today’s top story: Five signs of impending financial doom. Also in the news: Spring cleaning your finances, the risks of automatic bill pay, and why you should keep a burner email account. 5 Signs You’re Financially Overextended Your finances could be heading for disaster. 7 tips for financial spring cleaning Time to clean the dust […]

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