Wednesday’s need-to-know money news

babytrollToday’s top story: Why your newborn doesn’t need to be on your credit card account. Also in the news: Why paying more tax today could be your best AMT strategy, common retirement mistakes seen by financial planners, and how credit card minimum payments are meant to keep you in debt forever.

No, Your Newborn Doesn’t Need to Be on Your Credit Card Account
No need to build credit that early.

Paying More Tax Today May Be Your Best AMT Strategy
Understanding how AMT works.

Seven Common Retirement Mistakes Seen by Financial Planners
And how to avoid them.

Credit card minimums: Perfectly calibrated to keep you in debt
A cycle of perpetual debt.

Monday’s need-to-know money news

stack-of-billsToday’s top story: Why minimum payments on credit cards are designed to keep you in debt. Also in the news: Retirement planning rules Millennials can break, how to choose the right health insurance plan “metal tier,” and why it’s so hard to stick to a budget.

Credit Card Minimums: Perfectly Calibrated to Keep You in Debt
The card companies aren’t on your side.

4 Retirement Planning Rules Millennials Can Break
Or at least bend.

Choosing the Right Health Insurance Plan ‘Metal Tier’
Sadly, no rose gold.

Why Is It So Hard to Stick to a Budget?
Answering the age-old question.