Get smart with your money
Dear Liz: You recently answered a question about taking a lump sum retirement versus an ongoing pension. You didn’t mention that the pension will stop when the employee dies (whether it’s after 40 years or 40 days) or when the spouse dies (same thing) if that was chosen. The children get nothing. What about taking […]
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Dear Liz: I am starting to receive marketing mailings from financial advisors inviting me to a free lunch or dinner to listen to annuity investment presentations. I went to one recently by a fee-based financial planner who told me he also acts as a broker when investing in annuities. He’s been pressuring me to invest […]
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Dear Liz: My husband has Parkinson’s disease and is showing early signs of dementia. I’ve been advised to get a financial power of attorney. If all of our accounts are joint, is this necessary? What will that do for me? Answer: A power of attorney gives you the authority to make decisions on your husband’s […]
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Today’s top story: A year-end checklist to make the most of retirement age. Also in the news: How the government’s next step to fight inflation could impact savers, myths about iBuyers, and why you shouldn’t spend a dollar to save a nickel on gas. A Year-End Checklist to Make the Most of Retirement Savings Age […]
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Today’s top story: Keep an eye on debt using visual aids. Also in the news: How to make last-minute flight changes, pet insurance can help keep costs for your furbaby in check, and nearly 30% of shoppers haven’t paid off last years holiday debt. Keep an eye on debt using visual aids Visual aids provide […]
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Today’s top story: Disability and Credit Access: why scores are key in a crisis. Also in the news: 4 features to look for in the best credit cards of 2022, considering the suburbs, and is trading employee equity a good idea? Disability and Credit Access: Why Scores Are Key in a Crisis Having good credit […]
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Age brings unique opportunities and obligations, including some important year-end tasks that can help you make the most of your money. In my latest for the Associated Press, some tasks to consider for those 50 and up.
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Today’s top story: How to avoid going overboard and over budget on kids’ holiday gifts. Also in the news: A new episode of the Smart Money podcast on countering uncertainty and building wealth early, Medicare and prescription drug costs, and what you need to know about Medigap Plan D. Avoid Going Overboard and Over Budget […]
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Dear Liz: I am 36 with a 535 credit score and about to move back to the U.S. from Colombia with my future wife. I’d like to increase my score by 100 or 200 points within eight to 12 months. Is it possible? Answer: Increasing your credit scores to the mid-600s within a year or […]
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Dear Liz: You recently answered a question about whether to take a lump sum or an annuity payout from a pension. I think you need to be more cautious about making a blanket statement about the payout being the only viable option. There are other reasons for taking the lump sum, such as the pension […]
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