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 […]
Recent Blog Posts
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 […]
Friday’s need-to-know money news
Today’s top story: Don’t let money rules of thumb get you down. Also in the news: If insurance covers birth control or not, and the high cost of smoking in your car. Don’t Let Money Rules of Thumb Get You Down The typical down payment on a house is far less than 20%. Does Insurance […]
Thursday’s need-to-know money news
Today’s top story: How much it costs to adopt a child. Also in the news: Why money is so confusing, and the true history of credit scores. How Much Does It Cost to Adopt a Child? The adoption process can be long and cost anywhere from less than $1,000 to more than $50,000. Why Is […]
Wednesday’s need-to-know money news
Today’s top story: What everyone can learn from a traveler with a disability. Also in the news: Overlooked type of travel insurance that could be a lifesaver, and the USPS ‘Holiday Season’ just got longer and more expensive. What Everyone Can Learn From a Traveler With a Disability Sylvia Longmire writes about traveling with a […]
Tuesday’s need-to-know money news
Today’s top story: Why one teacher changed careers and gave up loan forgiveness. Also in the news: What the signs are that I need a new bank, how to make extra cash by renting out your car, and how to get 100% of your student loans forgiven through the borrower defense program. Why One Teacher […]