Tuesday’s need-to-know money news

Today’s top story: How college students can make the most of their summer earnings. Also in the news: 7 tips for becoming an ethical shopper, how store credit cards can leave you unprotected, and when it’s ok to leave a bad tip.

College Students, Make the Most of Your Summer Earnings
Taking care of Present You and Future You.

7 Tips for Becoming an Ethical Shopper
Matching your purchases with your values.

How Store Credit Cards Can Leave You Unprotected
Fewer protections than major credit cards.

When It’s OK to Leave a Bad Tip
Sometimes bad tips are justified.

The 6 biggest retirement mistakes, and 1 defense

One of the biggest retirement mistakes you can make is not realizing what you don’t know. I regularly hear from people in or near retirement who misunderstand how Social Security works, dramatically underestimate life expectancies or fail to plan for big expenses, such as long-term care or taxes. These aren’t folks looking for advice. They’ve […]

Continue reading...

Monday’s need-to-know money news

Today’s top story: Car buyers could save thousands with just an hour of research. Also in the news: Home affordability is boxing out Americans who dream of relocating, the 15 best and worst US cities for young families, and why you should plan now to deal with holiday credit card debt. Car Buyers Could Save […]

Continue reading...

Q&A: Avoid this hidden risk to your retirement

Dear Liz: I have very low net worth and just inherited $500,000 from a cousin’s annuity. My net worth includes a $400,000 house with a $290,000 mortgage at 3.75%, IRA accounts of $65,000 and savings of $90,000. I also have a pension from which I receive $50,000 annually and from which our health insurance is […]

Continue reading...

Q&A: Avoiding Medicare sign-up penalties

Dear Liz: Someone recently asked you if signing up for Medicare is mandatory. Your answer implied no, one does not have to sign up at 65. However, it is my understanding that if a person does not enroll when first eligible, they will be hit with large penalties on their Medicare premiums if they sign […]

Continue reading...

Friday’s need-to-know money news

Today’s top story: Decode your credit card’s fine print like a pro. Also in the news: How to turn your upside-down car loan right-side up, a handy trick to help you save more for your next vacation, and what to do if your credit score drops. Decode Your Credit Card’s Fine Print Like a Pro […]

Continue reading...

Thursday’s need-to-know money news

Today’s top story: Moving to escape taxes? Make sure it’s a clean break. Also in the news: 4 smart ways to split bills with friends while traveling abroad, 5 auto-buying tips from a former undercover car salesman, and 7 tips for becoming an ethical shopper. Moving to Escape Taxes? Make Sure It’s a Clean Break […]

Continue reading...

Wednesday’s need-to-know money news

Today’s top story: What to do if you lose your credit card. Also in the news: Chime and Varo launch free programs to pay account overdrafts, half of student loan borrowers fear they’ll be in debt forever, and why you should never spend the money a bank accidentally deposits into your account. What to Do […]

Continue reading...

Tuesday’s need-to-know money news

Today’s top story: How to make living in a new place a reality. Also in the news: How one couple paid off $300k of debt in three years, what workers can learn from retirees’ regrets, and the average FICO score hits an all-time high. Dreaming of Living in a New Place? Here’s How to Make […]

Continue reading...

Moving to escape taxes? Make it a clean break

Breaking up can be hard to do if the other party doesn’t want to let you go. People who move out of high-tax states may learn this the hard way — through a residency audit. States such as New York, California and Illinois use the audits to claim that your recent interstate move was just […]

Continue reading...