Column: ‘Saving for college hurts financial aid,’ and other myths

LOS ANGELES (Reuters) – Saving for college, applying for admittance and getting financial aid can all be complicated processes, so it’s not surprising that many myths have sprung up about paying for education. The following five myths, however, can wind up costing you dearly: 1. Saving for college hurts financial aid. Saving in a child’s […]

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Friday’s need-to-know money news

Today’s top story: Assessing the damage created by holiday spending. Also in the news: Stress testing your personal finances, New Year’s resolutions for baby boomers, and finding help with getting out of debt. Did the Holidays Hurt Your Credit? Analyzing the Christmas carnage. Stress-Testing Our Personal Finances Preparing your finances for unexpected crises. New Year’s […]

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Starting over in your 50s, and other curveballs

Man Seeking Employment

Losing a job late in life can be devastating, and rebuilding can be tough. Here’s how writer Teresa Mears puts it: Americans in their 50s and 60s, who expected to be at the peak of their careers before retirement, are finding themselves playing catch-up. While they may never get back the lives they had before, […]

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Thursday’s need-to-know money news


Happy New Year! Today’s top story: How to start 2014 on the right financial foot. Also in the news: A millennial’s guide to personal finance, ways to cut taxes while saving for retirement, and apps that will help you reach your financial goals for the new year. 7 Tips to Get Your New Year’s Money […]

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3 steps to less money stress in 2014


If you’re stressing about holiday bills and other year-end expenses, the following suggestions might help you have a better 2014: Try a no-spend month. The first time I led a “no spend” experiment at MSN nearly a decade ago, readers reported saving hundreds of dollars. But the bigger benefit was their increased awareness at how […]

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Tuesday’s need-to-know money news

Today’s top story: The scary statistics of identity theft. Also in the news: A money checklist for 2014, financial resolutions for the new year, and what will cost more in ’14. These Identity Theft Statistics Are Even Scarier Than You’d Expect Don’t become a statistic. Your New Year Money Checklist Preparing your money for the […]

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Putting off retirement savings is an expensive mistake

Dear Liz: I have about $16,000 in student loans at 6.8% interest. At the current monthly payment it would take me about 7.5 years to pay them off. I contribute 10% of my income to my company’s Roth 401(k) plan (my employer matches the first 6% contributed). I also contribute 3% to the stock purchasing […]

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Uncle Sam can help with education costs

Dear Liz: I have rental property, own my home outright, am contributing to a 401(k) and have a pension, so finances are not a big issue. I do have an adult son in law school and would like to know the most fiscally prudent way to pay for it. Are there limits on gifts, and […]

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Monday’s need-to-know money news

Tax refund

Today’s top story: What a poor credit score can cost you. Also in the news: The worst money moves for the new year, how to cut next year’s expenses, and tips to get tax season started off on the right foot. What a poor credit rating is costing you Your job prospects could be at […]

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Column: Five ways do-gooders can erase student-loan debt

LOS ANGELES (Reuters) – When P.K. Drago graduated from George Washington University in 2009 at the peak of the Great Recession with $40,000 in student loan debt, she decided to do volunteer work. “It was not a good time” to get a job, the 26-year-old now says, and so she joined AmeriCorps, a volunteer organization […]

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