Retirement advice you wouldn’t expect: stop saving (so much)

Dear Liz: I’m in my late 60s and plan to retire in about two years. I have a pension that will pay close to my current take-home income. I also have about $500,000 in annuities and IRAs. These plus Social Security make retirement look good. But right now finances are tight. Should I continue to […]

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Creating a budget that works

Dear Liz: I’m beginning to realize that I have no idea how to budget. I make plenty of money but always seem to come up short. I’m trying to find the best person to help me make a budget. Do I talk to a CPA or a financial counselor? If so, how do I find […]

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Monday’s need-to-know money news

Credit card background

Today’s top story: Four credit card strategies to get you through the holidays. Also in the news: Bank of America teams up with Khan Academy, how to recover from a setback in retirement planning, and how to make saving money a little less painful. 4 Holiday Credit Card Strategies Don’t go into holiday shopping without […]

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Why millennials have to be smarter than their parents

Help at financial crisis

NerdWallet recently published a fascinating study contending that high debt loads will prevent today’s college graduates from retiring before age 73. I have a few nitpicks with the study, but the underlying message is clear: millennials will have to be a lot smarter than previous generations if they want a decent, on-time retirement. First, my […]

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Friday’s need-to-know money news

Old Woman Hand on Cane

Today’s top story: The warning signs of elder financial exploitation. Also in the news: Five harmless things that can hurt your credit, news apps to help college and financial aid searches, and what to do if you win the lottery. Warning Signs of Elder Financial Exploitation How to detect financial exploitation of our seniors. 5 […]

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Thursday’s need-to-know money news

Relationship

Today’s top story: Why Millennials may not be able to retire until their 70s. Also in the news:How to avoid cell phone bill surprises, the pros and cons of taking social security early, and how to calculate if you can refinance your home. Millennials May Not Be Able To Retire Until Age 73 Crippling student […]

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Wednesday’s need-to-know money news

Today’s top story: How to get the credit reports you’re entitled to. Also in the news: Demystifying credit scores, how to master your holiday shopping list, and what kind of credit you’ll need to get a student loan. I Want My Free Credit Reports How to get what you’re entitled to. What to Do When […]

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Tuesday’s need-to-know money news

Today’s top story: A bill in front of Congress could change the way credit scores are calculated. Also in the news: Lifehacks for your wallet, how using your middle name could hurt your credit rating, and how to save money on Halloween Costumes. How Your Middle Name Could Hurt Your Credit The slightest variation in […]

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What are you willing to give up?

Hope

As a reporter I learned a technique that saved my sanity. I asked my bosses to make choices. In journalism, as in other fields, there’s far more good work to do than there is time to do it. Editors can and will keep piling on the assignments. So I learned, when my plate got too […]

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Debit cards can be riskier than credit cards

Dear Liz: I’m in my early 30s and never carry cash. I charge everything on my debit card. This seems to be a topic of discussion in my office. My co-worker keeps getting his identity stolen and says that using debit cards to pay for everything wreaks havoc on your finances. He says I should […]

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