Dear Liz: I’m confused by your answer to the question about starting Social Security too early. You wrote that someone who decides they made a mistake can suspend the benefit once they reach full retirement age. From the description, it sounds like there is no penalty for this option, so everyone should do it! This sounds too good […]
Recent Blog Posts
Q&A: How to build a credit history so you don’t turn ‘credit invisible’
Dear Liz: After reading about people being “credit invisible,” I’m wondering if I should have a credit card to build a payment history. I’m 67 and on Social Security. I thought having a guaranteed income and no outstanding debt would be appealing to a potential landlord while applying for an apartment, but maybe that’s not the case. What […]
Q&A: Service at online banks
Dear Liz: You recently wrote about online banks versus brick and mortar, but you missed one point in favor of local banks. If there is a major screw-up, you can go there and talk with a person. That’s better than being stuck in an endless phone loop or with an unhelpful “bot” online. And being face to face […]
Friday’s need-to-know money news
Today’s top story: When and why you should open a CD. Also in the news: Increase credit limits now in case the economy worsens later, and if it is possible to live without credit cards, debit cards, and cash apps. Ask a Nerd: When and Why Should I Open a CD? Certificates of deposit are […]
Thursday’s need-to-know money news
Today’s top story: 7 new details on how student loan cancellation will actually work. Also in the news: What student loan cancellation could mean for your budget, and how to turn your finished basement into a (legal) apartment for extra income. 7 New Details on How Student Loan Cancellation Will Actually Work Here’s the latest […]
Wednesday’s need-to-know money news
Today’s top story: How the hotel worker shortage could affect your next stay. Also in the news: How to check in to a hotel without a credit card, competition and affordability both down for first-time home buyers, and 4 things you should know about working after you turn 65. How the Hotel Worker Shortage Could […]