Thursday’s need-to-know money news

Today’s top story: What to do if you save too much for retirement. Also in the news: The ins and outs of starting a car, financial pros are hanging on to stocks, and why you need multiple savings accounts.

What to Do If You Save Too Much for Retirement
Saving too much for retirement can cause problems as well as saving too little. Beware of IRS rules and penalties.

So You Think You Know How to Start a Car
It’s become much more complicated

Selling Stocks on Inflation Fears? Financial Pros Wouldn’t
The inflation sirens are wailing, but financial pros say there’s no reason to panic.

Why You Need Multiple Savings Accounts
Multiple accounts make it easier to reach your savings goals.

Wednesday’s need-to-know money news

Today’s top story: How to know when it’s time to ditch your starter credit card. Also in the news: How to cover yourself against car theft, tips on paying for your wedding, and how to make a budget if you want to freelance full time. How to Know When It’s Time to Ditch a Starter […]

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What to do if you save too much for retirement

Many Americans don’t save enough for retirement, but it’s entirely possible to save too much — at least according to the IRS. Tax laws limit how much you’re allowed to contribute to retirement accounts, and excess contributions can be penalized. Uncle Sam doesn’t want you to leave the money in the account too long, either. […]

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Tuesday’s need-to-know money news

Today’s top story: What Grammy winner Brandi Carlile can teach you about money. Also in the news: What changed when you were ignoring travel, top 12 best business credit cards for startups, and how to claim your monthly child tax credit. What Grammy Winner Brandi Carlile Can Teach You About Money In her new memoir, […]

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Monday’s need-to-know money news

Today’s top story: When it’s OK to let your good credit score drop. Also in the news: A new episode of the Smart Money podcast on crypto credit cards and short-term investing, why balance transfer cards are starting to make a comeback, and how a 24-year-old crushed $20K+ in credit card debt. When It’s OK […]

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Q&A: A sudden death brings a financial quandary

Dear Liz: My son suddenly passed away and his $1-million life insurance policy was awarded to me, his mother. I want the money to be divided equally between his two children for future use. They are 18 and 15 now. What financial vehicle should I use? The funds are in my money market account just […]

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Q&A: Here’s how to pick the best retirement account

Dear Liz: Can you explain the difference between a Roth IRA and a Roth 401(k)? What are the benefits of a Roth 401(k)? My company offers it and I am considering beginning to make deferral contributions there while continuing my 401(k) contributions. Answer: Contributions to Roth IRAs and Roth 401(k)s are after tax, which means […]

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Thursday’s need-to-know money news

Today’s top story: 5 tips to keep a landscaping project on time and under budget. Also in the news: The mortgage outlook for June, student loan interest rates to increase July 1st, and how to get Amazon Prime Day prices without a membership. 5 Tips to Keep a Landscaping Project on Time, Under Budget DIY […]

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Wednesday’s need-to-know money news

Today’s top story: How a mortgage nerd bought a house in a seller’s market. Also in the news: Why you should consider a second city trip in 2021, what changed while you were ignoring travel, and why travel is more expensive this summer. How a Mortgage Nerd Bought a House in a Seller’s Market Buying […]

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Tuesday’s need-to-know money news

Today’s top story: Federal student loan interest rates to increase July 1st. Also in the news: What it would take to solve the student debt crisis, 4 tips for small business owners paying down pandemic debt, and how to be a better long-distance caregiver. Federal Student Loan Interest Rates to Increase July 1 Rates will […]

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