Q&A: Electronic Federal Tax Payment System

Dear Liz: I’m often required to make estimated quarterly payments and was always concerned I would miss one of them. A few years ago, I came across the Electronic Federal Tax Payment System (EFTPS) that is offered by the U.S. Treasury. The beauty of the system is that once it is set up, there is […]

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Friday’s need-to-know money news

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Today’s top story: Why you need to pay close attention to your car insurance. Also in the news: Supreme Court ruling makes finances easier for same-sex couples, financial resources for active military, and when it’s okay to take a hit on your credit score. 4 Ways Being Forgetful Can Raise Your Car Insurance Rates Set […]

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Thursday’s need-to-know money news

Today’s top story: Why applying for a credit card can hurt your credit score. Also in the news: Things on your credit report that might scare off lenders, why couples don’t talk enough about retirement planning, and when is the right time to consider annuities. Here’s Why Applying for a Credit Card Hurts Your Credit […]

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Your financial advisor: just a car salesman?

Retro Car Salesman C

Wall Street is trying to prevent new rules that would require financial advisors to put your interests ahead of their own. Big brokerage firms have said they simply won’t serve the middle class if they can’t offer conflicted advice to them. Even more telling, MetLife Inc. CEO Steven Kandarin recently used a car salesman analogy […]

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Wednesday’s need-to-know money news

Today’s top story: Protecting yourself from identity theft. Also in the news: Unforeseen circumstances that could crush your retirement, what not to do when you pay off your mortgage, and the importance of an emergency fund. Are You a Prime Target for Identity Theft? How to protect yourself. 3 retirement-crushing unforeseen circumstancesWhen your retirement does […]

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Tuesday’s need-to-know money news

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Today’s top story: How to cut the cord to your TV and save money. Also in the news: Apps to teach kids about personal finance, how to handle your credit card debt while you’re unemployed, and what happens to your debt if you get divorced. How to watch TV for next to nothing Cutting the […]

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Q&A: Retirement savings for freelancers

Dear Liz: I am a freelancer. I don’t consider myself a small-business owner, just someone who gets the work done on time and gets paid. I max out my IRA every year, but would like to save more in a tax-advantaged account. I checked out SEP and SIMPLE IRAs, but they don’t have a Roth […]

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Q&A: Creating a will

Dear Liz: I’m a 58-year-old man. I want to make a will just in case something happens to me. I have about $500,000 in stock and cash. I have a life partner and her son. I would like to split my assets between her and my sister. Any suggestions on how to go about this? […]

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Q&A: Social Security

Dear Liz: My husband decided we should take Social Security before age 65. I worked intermittently until 67. I do not get half of his Social Security as do many women who never worked. Can you explain why? Answer: The reason is probably because your own benefit is greater than what you would get as […]

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Monday’s need-to-know money news

Today’s top story: Tax credits that can save you a lot of cash. Also in the news: How to make your kids smarter about money, why we overspend with our credit cards, and how to get through the most awkward money conversations. 5 Tax Credits That Can Save You a Boatload of Cash Don’t miss […]

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