Investing in stocks: what you need to know

Dear Liz: I currently have a 401(k) and an IRA, but want something more. A longtime CPA, who is very close to our family, recommended that I buy some stocks, but I’m unsure how to go about this. Answer: When you’re investing, it’s important to be diversified. That means you should spread your money among […]

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Beware debt reduction offers

Dear Liz: What is your opinion of debt reduction programs? I am constantly receiving mail from various companies, and I was wondering if they are legit. They claim they can reduce my debt, which sounds promising, but I am hesitant to get involved with them. Answer: You’ve got good instincts. Many of the companies sending […]

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It’s okay to close credit accounts sometimes

Dear Liz: I have heard that you should never close credit card accounts of your own volition because that can hurt your credit scores. Are there any exceptions? I received a credit card several years ago, when my credit scores were in the toilet because of a number of collection accounts and delinquencies. I had […]

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Monday’s need-to-know money news

Today’s top story: How to pick a credit card when your options are limited. Also in the news: Reducing your taxable income, rescuing your retirement plans, and why shopping from your couch on Black Friday could save you the most money. How to Pick a Credit Card When You Have Few Options Pay close attention […]

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Protect yourself from holiday credit card fraud

Gift

Holiday shopping means more opportunities to whip out your plastic—and more opportunities for thieves to try to steal your identity. Here’s what you should do. Be vigilant. If you haven’t already, sign up for online access to your bank and credit card accounts. You should be reviewing your transactions at least weekly. Be reachable. Update […]

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Friday’s need-to-know money news

Credit Check 1

Today’s top story: How to avoid the worst credit cards of 2013. Also in the news: A new debt collection law, five things you should ask your financial advisor, and three investing mistakes retirees must avoid at all costs. How To Avoid The Worst Credit Cards Of 2013 Easy credit can come at a gigantic […]

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Thursday’s need-to-know money news

Top Story: Predictions for the 2014 housing market. Also in the news: When is the best time to buy a new home, how we’re feeling about money, and the best place to rebuild your nest egg. Glinkonomics: Predictions For The 2014 Housing Market What’s to come in the year ahead. Is There a Best Time […]

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A health insurance shopping site that actually works

Health claim form

You don’t have to wait for the federal government to fix the Obamacare Web site to learn about your insurance options. HealthSherpa is the creation of three guys who actually seem to know how to program. Instead of fighting your way through confusing interfaces, legalese and a long sign-up process, you just type in your […]

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Wednesday’s need-to-know money news

Today’s top story: Figuring out what car repairs really cost. Also in the news: Protecting your children’s credit, tips on smart charitable donations, and how to prepare for Black Friday. How to Figure Out What Your Car Repair Really Costs How not to be at the mercy of the repair shop. Protecting Your Children’s Credit […]

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You may be held responsible for a parent who fails to save

Dear Liz: My mother is 65 and refuses to plan for retirement. She has worked for the same organization for almost 20 years and, despite my begging her over the last decade, has not contributed a dime to her 403(b). I am an only child in my late 30s and received no financial help from […]

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