Thursday’s need-to-know money news

Today’s top story: Don’t skip life insurance because of cost when having a baby. Also in the news: Wells Fargo could owe you money, crooks are targeting ATMs, and what you need to know about special needs financial planning.

Having a Baby? Don’t Skip Life Insurance Because of Cost
The sooner the better.

$110 Million Wells Fargo Payout Could Put Money in Your Pocket
If you got caught up in the fake fees scam, it’s time to get your money back.

Better Check Your Balance: Crooks Targeting ATMs
The return of the skimmers.

What to Know About Special Needs Financial Planning
Preparing for the unknown.

Monday’s need-to-know money news

Credit report with score on a desk

Today’s top story: Finding which tax credits you qualify for. Also in the news: New rules could mean lower life insurance rates, why you shouldn’t fear your mobile wallet, and all the credit card companies that offer free access to your credit score.

What Tax Credits Can I Qualify For?
Saving the most money possible.

New Rules Could Mean Lower Life Insurance Rates
New state laws could lower your rate.

Don’t Fear Your Mobile Wallet
It could be the safest way to pay.

All the Credit Card Companies That Offer Free Access to Your Credit Score
Checking your score is absolutely essential.

Monday’s need-to-know money news

imagesToday’s top story: How to avoid 3 bank fees you shouldn’t be paying. Also in the news: One-word answers to your money questions, life insurance in 250 words, and how allowance contracts could help kids learn about money.

How to Avoid 3 Bank Fees You Shouldn’t Be Paying
Don’t pay your bank to access your money.

One-Word Answers To Your Money Questions
Short and sweet.

Life Insurance Explained in (Exactly) 250 Words
No more, no less.

Negotiate “Allowance Contracts” With Your Kids to Teach Them About Money
Put it in writing.

Q&A: Life insurance for people over 65

Dear Liz: Can you give us some direction on how to get good term life insurance when you’re over 65? We had 25-year term policies and the premiums skyrocketed, so we are looking. Will getting a group plan (such as the one offered by AARP) help me? I’ve had two heart valve surgeries and knee and hip surgeries but don’t drink or smoke. We are concerned that we may not have enough saved. My wife is still working, but I have not been able to find employment since I lost my job due to a downsizing.

Answer: The options available to you are likely to be limited or expensive or both.

The life insurance program offered through AARP provides up to $100,000 in term coverage that ends at age 80 or $50,000 in permanent life insurance that can extend through your life. There’s no medical exam but you do have to provide health information.

Life insurance with higher limits may be available but you’re not going to like the price, said Delia Fernandez, a fee-only Certified Financial Planner in Los Alamitos. Life insurance after 65 is usually expensive in any case, but those heart valve surgeries could make it much more so, depending on how long ago you had them, how successful they were and what medications you’re on.

Fernandez recommends consulting with an independent life insurance agent so you can get a better idea of what’s available and what it will cost. Once you have an idea of the premiums, you’ll have to weigh whether you’d be better off investing that money instead.

As a general rule, you don’t want to be worth more dead than alive — and not just because you don’t want your spouse contemplating ways to collect. More importantly, insurance coverage that exceeds your income-generating capacity signals that you may be spending too much for insurance and need to consider alternatives.

Thursday’s need-to-know money news

Today’s top story: How to save for 2017 and 2057 at the same time. Also in the news: What new prepaid debit card rules mean for you, life insurance strategies for families with special needs children, and the high cost of using an ATM.

How to Save for 2017 and 2057 at the Same Time
Saving for the immediate and long-term future.

What the New Prepaid Card Rules Mean for You
Easier to understand terms and more security.

A Life Insurance Strategy for Families With Special-Needs Children
Making sure your loved ones are taken care of.

You won’t believe average cost of using an ATM
The crazy cost of accessing your own money.

Thursday’s need-to-know money news

Zemanta Related Posts ThumbnailToday’s top story: Key financial considerations when you live alone. Also in the news: Managing your money while you’re separated from your spouse, determining how much life insurance you really need, and a change in thinking that will help get you out of debt.

Key Financial Considerations When You Live Alone
Important considerations for your life.

3 Tips for Managing Your Money While Separated From Your Spouse
Keeping your finances in order during difficult times.

How Much Life Insurance Do You Really Need?
Keeping yourself protected.

The Shift in Mindset That Will Help You Get Out of Debt
A change in thinking.

Friday’s need-to-know money news

Financial-PlanningToday’s top story: Financial planning for the 21st century. Also in the news: Tips for buying life insurance with a pre-existing condition, mistakes people make when buying furniture, and the best new car deals for Labor Day weekend.

Financial Planning for the 21st Century
Catching up with the future.

7 Tips for Buying Life Insurance With a Pre-Existing Condition
Working your way through a complicated system.

6 Mistakes People Make When Buying Furniture
Pay close attention to financing.

4 best new car deals for Labor Day weekend
Getting the most bang for your buck.

Tuesday’s need-to-know money news

Life InsuranceToday’s top story: Life insurance questions you’re too embarrassed to ask. Also in the news: what to do with an IRA when you leave a job, when a debt collector calls to collect money you don’t owe, and the profitable business of lending to subprime borrowers.

5 Life Insurance Questions You’re Too Embarrassed to Ask
There are no dumb questions!

Why to Do an IRA Rollover When You Leave Your Job
Don’t leave money behind.

When a Collector Calls About a Debt You (Possibly) Don’t Owe
Get all the information you possibly can.

The profitable business of lending to subprime borrowers
Subprime borrowers bring in lots of extra money.

Tuesday’s need-to-know money news

how_to_build_an_emergency_fundToday’s top story: How two extra years in college could cost you close to $300,000. Also in the news: How a financial advisor can help with life insurance, tips for paying off student loans if you didn’t finish college, and why 66 million Americans don’t have an emergency fund.

2 Extra Years in College Could Cost You Nearly $300,000
An incentive to graduate on time.

How a Financial Advisor Can Guide Clients’ Life Insurance Decisions
Seeing the bigger picture.

Tips for Paying Off Your Student Loans if You Didn’t Finish College
Strategic repayment could save you money.

66 Million Americans Have No Emergency Savings
A recipe for disaster.

Friday’s need-to-know money news

bankruptcy_formToday’s top story: How to find a bankruptcy attorney. Also in the news: What consumers need to know about annuities, signs you need a new financial advisor, and what millennials should know about life insurance.

How to Find a Bankruptcy Attorney
Making the right selection.

What Consumers Need to Know About Annuities
Combining life insurance with investment.

7 Signs You Need a New Financial Advisor
When it’s time to go in another direction.

The First 4 Things Millennials Should Know About Life Insurance
Thinking long term.