Thursday’s need-to-know money news

Today’s top story: Stocks at a crossroads: 3 things to watch for in June. Also in the news: Why kids should stash summer job cash in a Roth IRA, millennials are stressed about their finances, and why now is the time to buy a used car.

Stocks at Crossroads: 3 Things to Watch for in June
Watching the market.

Why Kids Should Stash Summer Job Cash in a Roth IRA
It’s never too early to save for retirement.

Study: Millennials are stressing about their finances
Feeling worse off than their Baby Boomer parents.

Why Now Is the Time to Buy a Used Car
Getting the most for your money.

Monday’s need-to-know money news

Today’s top story: How to find a good tax preparer. Also in the news: Excuses for delaying retirement savings, what the TCF bank suit means for you, and why used cars usually have higher interests rates.

How to Find a Good Tax Preparer (and Write Off the Bad Ones)
Finding good help during tax season.

Excuses, Excuses When Delaying Retirement Savings
No more excuses.

What TCF Bank Suit Means for You: Defend Against Overdraft Fees
What opting in really means.

Why Used Cars Usually Have Higher Interest Rates
Guarding against risk.

Monday’s need-to-know money news

Zemanta Related Posts ThumbnailToday’s top story: How to close a credit card the right way. Also in the news: Why your financial adviser should understand how your brain works, why compound interest isn’t all it’s cracked up to be, and what to watch out for when test driving a used car.

The Right Way to Close a Credit Card
Tidying up loose ends.

What Your Financial Adviser Needs to Know About Your Brain
The psychology of your money.

5 Reasons Compound Interest Isn’t What It’s Cracked Up to Be
Fees, inflation, taxes, market performance and spending habits will affect your compounding interest.

What to look out for when test driving a new car.
How to make sure you don’t bring home a lemon.

The best used cars, from Edmunds.com

If you’re in the market to replace a vehicle, check out Edmunds.com’s list of 2012 Used Car Best Bets, which include:

Compact Sedan: 2005-2010 Hyundai Elantra
Midsize Sedan: 2005-2010 Nissan Altima

Large Sedan: 2006-2010 Hyundai Azera
Coupe: 2005-2010 BMW 3 Series
Convertible:
2005-2010 Mazda Miata
Wagon:
2005-2010 Pontiac Vibe
Compact SUV/Crossover:
2005-2010 Honda CR-V
Midsize SUV/Crossover:
2005-2010 Ford Explorer
Large SUV/Crossover:
2005-2010 Chevrolet Tahoe
Minivan/Van:
2005-2010 Honda Odyssey
Compact Truck:
2005-2010 Toyota Tacoma
Large Truck:
2005-2010 Ford F-150
Luxury:
2005-2010 Infiniti G35/G37
Hybrid:
2005-2010 Toyota Prius

Sport Compact: 2005-2010 Subaru Impreza WRX

Edmunds.com editors picked the cars based on reliability, safety, value and availability. The editors considered cars that were two to seven years old, which is pretty much the sweet spot for used car purchases.

Since all cars are used cars as soon as you drive them off the lot, you might as well let someone else take the depreciation hit. You can tens of thousands of dollars over your driving lifetime by buying slightly used cars. Save even more by paying cash and keeping them for 10 years or so.

For more details on Edmunds.com’s list, visit http://www.edmunds.com/car-reviews/best-used-cars.html.