Your post-holiday financial recovery plan

shutterstock_102945899

Holiday overindulgence can lead to throbbing heads, expanded waistlines — and piles of credit card bills. In my latest for MoneyWatch, some suggestions for getting back on track if you overdid it on the holiday spending. In my latest for Time, a look at what Baby Boomers should do with their finances as they approach […]

Continue reading...

Wednesday’s need-to-know money news

Today’s top story: Last-minute tax moves to make on December 31st. Also in the news: How to tell if your financial advisor is giving you good advice, why you should consider freezing your credit reports, and the top 6 financial resolutions for the new year. 4 Last-Minute Tax Moves You Can Make on Dec. 31 […]

Continue reading...

Tuesday’s need-to-know money news

Today’s top story: Money tasks to tackle during your winter break. Also in the news: How to save thousands on a divorce, getting in the savings habit, and why your new tech toy could be a security threat. 3 Money Tasks to Tackle on Your Winter Break Assessing the holiday damage. Getting Divorced? 5 Ways […]

Continue reading...

Monday’s need-to-know money news

Today’s top story: How to jump-start your 2016 debt repayment plan. Also in the news: Money resolutions for 2016, how banks fail to stop elder abuse, and how three folders can make your tax preparation easier. 3 Ways to Jump-Start Your Debt Repayment Plan in 2016 No time to waste. 7 Money Resolutions To Make […]

Continue reading...

Q&A: IRA maintenance fees

Dear Liz: My son has an IRA at his credit union. He puts in small amounts when he can. Recently they lowered the interest rate and started charging a $25 yearly maintenance fee, which now is taking all the interest back. Is this legal? Answer: Yes. It’s also a good reason to move the account […]

Continue reading...

Q&A: College savings strategy

Dear Liz: I will be 66 in May 2016. My wife is 68 and retired. She began receiving Social Security when she turned 66. I am still working, making a high six-figure income, and will continue to do so until I reach 70, when my Social Security benefit reaches its maximum. I plan to use […]

Continue reading...

Q&A: More on teens and cars

Dear Liz: Your answer to the parent wanting to purchase a convertible for his son reminded me of something that happened long ago. When I graduated from high school in 1966, a friend’s wealthy parents bought him a brand-new Lamborghini Miura as a graduation present. Two days after he got the car, he missed a […]

Continue reading...

What the Fed rate hike means to you, and your wallet

For everyone who has been saying interest rates can only go up, well – now is their time. But what does the Federal Reserve’s decision to raise interest rates actually mean for your wallet? Probably not much for the near-term. One small interest rate hike of one-quarter of a percentage point is unlikely to have […]

Continue reading...

Wednesday’s need-to-know money news

kids-and-credit-cards

Today’s top story: Five of the most inspiring personal finance stories of 2015. Also in the news: How to avoid holiday fraud, helping your kids establish credit, and when it’s time to leave your bank. The 5 most inspiring personal finance stories of 2015 Inspiration for the new year. Three Ways To Avoid Holiday Fraud […]

Continue reading...

Tuesday’s need-to-know money news

Today’s top story: The credit card mistakes you make every year. Also in the news: How to make a stress-free loan to your adult kids, how to bounce back from a financial setback, and the questions you should ask your employer about your 401(k). 5 Credit Card Mistakes You Repeat Every Year Breaking the cycle. […]

Continue reading...