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Friday’s need-to-know money news

November 6, 2015 By Liz Weston

Zemanta Related Posts ThumbnailToday’s top story: Steps you should take when you’re 20 years away from retirement. Also in the news: Collecting on a business debt, how to improve your budget, and how to give your investment portfolio a stress test.

8 Steps to Take When You’re 20 Years From Retirement
Time is critical.

Can a Debt Collector Come After Me for a Business Debt?
Assessing your personal risk.

Improve Your Budget By Focusing On How Much Satisfaction Your Money Buys
How much fulfillment will your purchase bring you?

Give Your Investment Portfolio a Stress Test
Hypothetical scenarios can display your portfolio’s strengths and weaknesses.

Filed Under: Liz's Blog Tagged With: budget, business debt, debt collection, investment portfolio, Investments, Retirement, stress test

Thursday’s need-to-know money news

November 5, 2015 By Liz Weston

stack-of-billsToday’s top story: The bills you need to prioritize when you’re short on cash. Also in the news: Divorcing your financial adviser before your spouse, what to do when you get an inheritance, and the potential drawbacks to buying a home with an FHA loan.

Prioritize These 5 Bills When You’re Short on Cash
Creating an order of importance.

Before divorcing your spouse, consider divorcing your financial adviser
You’ll need someone who’s only in your corner.

What to do when you get an inheritance
Besides tapdancing, of course.

The Drawbacks of Buying a Home With an FHA Loan
Knowing the potential downsides.

FTC Shuts Down 12 ‘Rogue’ Debt Collectors
The tactics they used to collect a debt will stun you.

Filed Under: Liz's Blog Tagged With: bill paying, bills, budgets, debt collection, divorce and money, FHA loans, financial advisers

The budget deal is a lesson in loopholes for retirees

November 4, 2015 By Liz Weston

tax loopholeEven people decades away from retirement should pay close attention to how Congress just ended two lucrative ways of taking Social Security benefits, known jointly as the “claim now, claim more later” strategy.

One big lesson: Once claiming methods are seen as benefiting the affluent, they are labeled loopholes, and that puts them on the chopping block.

“They can go away, and they can go away fast,” says Michael Kitces, a partner and director of research for Pinnacle Advisor Group in Columbia, Maryland.

In my latest for Reuters, how claiming methods turn into loopholes, leaving them vulnerable to cuts.

In my latest for Money, a look at when it’s better to put away the laptop and purchase something at a brick and mortar store instead.

Filed Under: Liz's Blog Tagged With: brick and mortar, claim now claim more later, loopholes, online shopping, Retirement, Social Security, Taxes

Wednesday’s need-to-know money news

November 4, 2015 By Liz Weston

Stress Level Conceptual Meter Indicating MaximumToday’s top story: Passing the financial sleep test. Also in the news: How to tell if you have a good 401(k) match, how to tell if a purchase will truly make you happy, and the most tax-friendly states for retirement.

Does Your Financial Plan Pass the Sleep Test?
Are your finances causing you to lose sleep?

How to Tell if You Have a Good 401(k) Match
Is your employer generous enough?

Plot Your Purchases Along the Fulfillment Curve to Know When It’s Worth It
How to know before you buy.

These Are The 10 Most Tax-Friendly States For Retirees
Is yours on the list?

Filed Under: Liz's Blog Tagged With: 401(k), 401(k) match, finances, purchasing tips, Retirement, sleep test, Taxes

Tuesday’s need-to-know money news

November 3, 2015 By Liz Weston

Zemanta Related Posts ThumbnailToday’s top story: Important financial steps to take before the end of the year. Also in the news: Alternatives to gifting a housing down payments to your kids, making your holiday donations pay off, and how to pay for college without student loans.

Critical List: Key Financial Steps to Take Before Year End
Tick tock.

Options for Parents Helping Adult Kids Buy a Home
Alternatives to gifting a down payment.

3 Tips to Make Your Holiday Donations Pay Off
Time for end-of-the-year giving.

7 Ways to Pay For College Without Student Loans
Taking an unconventional route.

Filed Under: Liz's Blog Tagged With: college, down payments, end of the year financial steps, end-of-the-year giving, housing, student loan alternatives, tax deductions, tips

Monday’s need-to-know money news

November 2, 2015 By Liz Weston

Zemanta Related Posts ThumbnailToday’s top story: How to determine when to start taking Social Security. Also in the news: Tips for getting approved for a personal loan, what to buy and not buy in November, and five surprising sources of debt.

When to start Social Security? This tool can tell you
Getting the most from your benefits.

4 Tips for Getting Approved for a Personal Loan
Applying wisely.

What to Buy (and Not to Buy) in November
Strategic shopping.

5 Surprising Sources of Debt
Nipping them in the bud.

Federal Lawsuit Alleges Financial Aid Deception Targeting Students, Parents
Apply with care.

Filed Under: Liz's Blog Tagged With: debt, financial aid, Personal Loans, scams, shopping tips, Social Security

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