Today’s top story: Should you use a reverse mortgage to pay for long-term care? Also in the news: A new episode of the Smart Money podcast on giving family and friends money, a look at the Metro affordability report for first-time buyers, and the easiest ways to make your cell phone bill cheaper. Should You […]
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Monday’s need-to-know money news
Today’s top story: How to make sure you’re insured for summer activities. Also in the news: Alternatives to business loans, making a home inventory for insurance claims, and the best credit cards for people with bad credit. How to Make Sure You’re Insured for Summer Activities Having the right insurance coverage can help you enjoy […]
Q&A: How to start an IRA for your new Gen Z college graduate
Dear Liz: My son is about to graduate from college and, as a present, I want to use $10,000 to start an IRA for him. But which is better? A Roth or a standard IRA? Answer: Congratulations to both of you! Starting a retirement account is a great idea, but you should be aware of […]
Q&A: How to get tax return copies
Dear Liz: Isn’t it the duty of an accountant to send their client the final tax forms that they filed with the IRS and the state? My accountant keeps “forgetting” to do so, and I’ve called him twice to do this. I’m not sure if his constant “forgetfulness” is due to laziness or a health […]
Q&A: Why credit scores drop suddenly
Dear Liz: The same thing happened to me as to the person in your column whose credit score dropped more than 100 points after large purchases. We bought plane tickets for international travel and our credit score took a significant but temporary hit. This also happened when we made a charitable gift by credit card. […]
Friday’s need-to-know money news
Today’s top story: Don’t let your first car be a $30K mistake. Also in the news: House Democrats push Treasury, IRS for repeal of rule blocking state and local taxes cap workaround, should you use a reverse mortgage to pay for long-term care, and the easiest way to make your cell phone bill cheaper. Don’t […]