Wednesday’s need-to-know money news

Today’s top story: Will your relationship last? Depends on your investment. Also in the news: How 12 Olympians pinched pennies to chase gold, your guide to buying life insurance on someone else, and the financial benefit of skipping Valentine’s Day.

Will Your Relationship Last? Depends on Your Investment
Putting in the time and effort.

How 12 Olympians Pinched Pennies to Chase Gold
Inspiring stories.

Your Guide to Buying Life Insurance on Someone Else
Not as evil as it sounds.

The Financial Benefit of Skipping Valentine’s Day
Consult your partner first.

Friday’s need-to-know money news

Today’s top story: Why free life insurance at work might not be enough. Also in the news: 5 personal finance books to read this year, picking a career you’ll actually like, and why your debt to income ration matters.

Why Free Life Insurance at Work Might Not Be Enough
Making sure you’re fully covered.

5 Personal Finance Books to Read This Year
Help from the experts.

Ask Brianna: How Do I Pick a Career I’ll Actually Like?
One of life’s biggest decisions.

Why Your Debt to Income Ratio Matters, and How to Find It
Measuring your financial health.

Tuesday’s need-to-know money news

Today’s top story: A guide to who needs life insurance. Also in the news: Budgeting for new parents, planning a summer family vacation, and how to still afford a house while spending all your money on avocado toast.

A Guide to Who Needs Life Insurance
Do you?

Budgeting for New Parents: From Day Care to College
Covering the next 20+ years.

It’s Not Too Late to Plan a Summer Family Vacation
Plenty of time still left.

How to Afford a House When You’re Spending All Your Money on Avocado Toast
You can keep your toast, Millennials.

Tuesday’s need-to-know money news

Credit report with score on a desk

Today’s top story: How your selfie could affect your life insurance. Also in the news: How to build credit in exactly 250 words, why you need to get to work on building your unemployment fund, and why the credit scoring system is about to get less awful.

How Your Selfie Could Affect Your Life Insurance
That brunch selfie could raise your life insurance rates.

How to Build Credit in (Exactly) 250 Words
Short, sweet, and effective.

Get to Work on Building Your Unemployment Fund
Don’t waste anymore time.

The Credit Scoring System Is About to Get Less Awful
Big changes are coming this fall.

Monday’s need-to-know money news

Today’s top story: These 4 tax bills can surprise, but you can be ready. Also in news: Can’t pay your taxes? Here are 6 ways to cope. Why stay-at-home spouses should buy life insurance, and how to avoid blowing your tax refund.

These 4 Tax Bills Can Surprise, but You Can Be Ready
Be prepared.

Can’t Pay Your Taxes? Here Are 6 Ways to Cope
Don’t panic.

Why Stay-at-Home Spouses Should Buy Life Insurance
Guidlines for the right policy.

5 ways to avoid blowing your tax refund
Spending it wisely.

Wednesday’s need-to-know money news

Today’s top story: Can’t refinance student loans? Try these tactics. Also in the news: 10-word answers to your biggest car insurance questions, 5 foods that raise blood pressure – and life insurance rates, and 5 ways to save on preparing your taxes.

Can’t Refinance Student Loans? Try These Tactics
Looking at the alternatives.

10-Word Answers (or Less!) to Your Biggest Car Insurance Questions
Short and sweet.

5 Foods That Raise Blood Pressure — and Life Insurance Rates
That burger could spike more than just your blood pressure.

5 ways to save on preparing your taxes
Keeping more of your money.

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.