Tuesday’s need-to-know money news

Today’s top story: You could be getting more from your employer benefits. Also in the news: Paying attention when paying your bills, Medicare and mental health services, and 4 neobanks that show up for their communities.

You Could Be Getting More From Your Employer Benefits
Health insurance, paid leave and retirement should be the baseline, not the bar, for employer-provided benefits.

Don’t Just Pay Your Bills — Pay Attention
Spending in a more mindful way starts with tracking a month’s expenses and temporarily turning off autopay services.

Does Medicare Cover Mental Health Services?
Medicare does cover both inpatient and outpatient mental health care, but be aware of the limits.

4 Neobanks Show Up for Their Communities
Financial technology firms emerge to serve the needs of historically marginalized groups.

Monday’s need-to-know money news

Today’s top story: Are cash offers better for home sellers? Also in the news: A new episode of the Smart Money podcast on savings tips and the Child Tax Credit, 4 smart insurance moves for hurricane season, and how to find unclaimed money that’s owed to you. Are Cash Offers Better for Sellers? An all-cash […]

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Q&A: Account closure and credit scores

Dear Liz: My mother is very focused on her credit score, which is consistently excellent. I found out that she recently called her bank and asked it to lower her credit limit on one of her long-held credit cards from $32,000 to $5,000. She uses the card only to charge infrequent, small amounts and always […]

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Q&A: Dad didn’t trust banks. How to handle the hoard he left behind

Dear Liz: My father was eccentric and given to conspiracy theories. He didn’t trust banks or the stock market and invested the bulk of his money in gold coins and bars. We are talking millions of dollars at current gold prices. My parents set up a living trust, so when my mother dies, I am […]

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Thursday’s need-to-know money news

Today’s top story: Should you save less for retirement? Also in the news: Can student loan forgiveness happen, a new congressional proposal would require IRA/401(k) withdrawals to start at 75, and how to spot fake reviews on Amazon. Should You Save Less For Retirement? An extremely early retirement goal may rob you of the joy […]

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Wednesday’s need-to-know money news

Today’s top story: Google, Walgreens and H&R Block want to be your bank. Also in the news: 6 packing and planning tips for long-term travel, the imminent return of international travel, and Verizon’s new children’s money management app. Google, Walgreens and H&R Block Want to Be Your Bank Companies are working with partner banks to […]

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Should you save less for retirement?

Gwen Merz was fresh out of college in 2014, working an information technology job she hated, when she decided early retirement was the answer. She socked away every dollar she could, saving as much as 70% of her income so that she could quit when she was 35. Now 30, Merz thinks she may have […]

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Tuesday’s need-to-know money news

Today’s top story: 4 small-business innovations that will outlast the pandemic. Also in the news: Banking tools that can help boost savings while paying off debt, preparing for an intense wildfire season in the western United States, and the best kind of car to buy in this inflated market. 4 Small-Business Innovations That Will Outlast […]

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Monday’s need-to-know money news

Today’s top story: The pros and cons of selling your home to an iBuyer. Also in the news: A new episode of the Smart Money podcast on travel insurance and buying an electric car, 5 pandemic credit card habits to carry forward, and preparing your wedding budget for the reception resurgence. Pros and Cons of […]

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Q&A: When to claim Social Security

Dear Liz: The common assumption seems to be that, in most cases, it’s a good idea to delay collecting Social Security because the longer you wait, the higher your monthly benefits will be. I will reach my full retirement age of 66 years and 2 months in July. According to the Social Security Administration website, […]

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