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 […]
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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 […]
Tuesday’s need-to-know money news
Today’s top story: Mortgage rates in September: A smooth ride, then turbulence. Also in the news: 3 tips for getting a business loan to deal with inflation, if car flipping is worth it, and event ticket sites that have the best deals. Mortgage Rates in September: A Smooth Ride, Then Turbulence Interest rates on fixed-rate mortgages […]
Q&A: Here’s a retirement tax trick: the mega backdoor Roth IRA
Dear Liz: I am a 32-year-old married father of two. My income is high enough to contribute to my kids’ 529 and custodial brokerage accounts. I’ve been able to max out my 401(k), health savings account and backdoor Roths for my spouse and myself. Next, I’m debating between starting a life insurance retirement plan (LIRP) or […]
Q&A: Social Security divorced spouse benefits
Dear Liz: You recently answered a woman about collecting on her ex-husband’s Social Security record. You said she was eligible for a spousal benefit if they were married at least 10 years, which they were. I think you should have added that the spouse needs to be collecting their own Social Security when you apply. A Social Security […]