Q&A: Waiting on Social Security

Dear Liz: I started Social Security at 62 and did the spreadsheet myself showing the break-even point. I would have to be 80 before the graphs even cross. You, and others, have to stop that business about waiting on Social Security if you can. My own mother lived to 90 and it is about quality […]

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Friday’s need-to-know money news

Today’s top story: Big changes are coming to your credit report. Also in the news: Excuses for not saving for retirement, how your social life changes when you’re saving money, and what to do as you approach retirement. Big Changes to Credit Reports Are on the Way: What It Means for You A new way […]

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Thursday’s need-to-know money news

Today’s top story: Health insurer CareFirst is hit with a massive data breach. Also in the news: How to dive into the investment pool, when you shouldn’t use a credit card, and identity theft facts that will terrify you. 1.1 Million User Records Stolen From Health Insurer CareFirst Another day, another data breach. 5 Tips […]

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Wednesday’s need-to-know money news

Today’s top story: What to do when your car loan outlasts your car. Also in the news: What to buy during this weekend’s Memorial Day sales, how to plan for semi-retirement, and how to trick yourself into spending less by using direct deposit. What to Do If Your Car Loan Outlasts Your Car Your options […]

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Is your car part of the airbag recall?

It would be good to know if your car is one of the 34 million with potentially defective airbags than can explode and kill you in an accident. You may need a little patience to find out. The government Web site that can allow you to look up recalls by your car’s vehicle identification number […]

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Don’t pay for student loan help

I just got another recorded call from a woman who cheerfully told me that my student loans had been “flagged” to qualify for a new federal program, just approved by Congress, to help me pay my debt. The fact that I’ve never had a student loan is, surely, just a minor detail. People fall for […]

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Tuesday’s need-to-know money news

Today’s top story: The mystery database that can sink your mortgage. Also in the news: The changes in store for your credit cards, cash flow killers, and cutting costs at the pump just in time for summer travel. The Little-Known Database That Can Sink Your Mortgage Getting to know CAIVRS. 4 Ways That Credit Cards […]

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Q&A: Budgeting for new college grads

Dear Liz: My son will be graduating from college this June. He is fortunate to have already landed a good job, starting in August, and will be managing his own finances for the first time. His company provides a full benefits package, retirement fund, profit-sharing, a hiring bonus and all that good stuff. I’d like […]

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Q&A: Thrift Savings Plan

Dear Liz: I turned 50 last year but did not make the catch-up contributions I was eligible to make to my government Thrift Savings Plan. This mistake cost me approximately $5,000 in additional taxes in 2014. To make matters worse, my wife also did not make catch-up contributions in 2014 or for the previous four […]

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