Tuesday’s need-to-know money news

Today’s top story: Credit score drop? How to diagnose why and what to do next. Also in the news: A new episode of the SmartMoney podcast on the safety of Bitcoin, what to do if you’re struggling with IRS delays, and what to do about your FSA contributions if your child care is closed. Credit […]

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Q&A: When a Roth IRA makes sense

Dear Liz: I have some money saved in a brokerage account, over and above my maximum 401(k) contribution. I just turned 60. Is it advantageous to move that money into a Roth IRA or should I keep it in the brokerage account? Answer: If you suspect you’ll need this money within five years, then you […]

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Q&A: When an executor doesn’t heed the will

Dear Liz: My dad’s will clearly divided his estate equally between his two sons. By the time Dad died, my brother had two kids. After the funeral, my sister-in-law sat me down and told me that everything will be divided into three parts. I would get one-third and they get two-thirds, because they had the […]

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Q&A: Stimulus money for Social Security recipients is finally on the way

Dear Liz: My mother filed a paper return for 2019 in early March but hasn’t received her refund yet. Also, she hasn’t received the stimulus check to which she is entitled. She receives Supplemental Security Income via direct deposit and she included her banking info on her tax return for direct deposit. Given the IRS’ […]

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Friday’s need-to-know money news

Today’s top story: Credit score drop? How to diagnose why and what to do next. Also in the news: Put off debt payments to start saving now, going contactless as a way to pay safer, and many unemployed people aren’t aware of all the relief they may qualify for during the pandemic. Credit Score Drop? […]

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Wednesday’s need-to-know money news

Today’s top story: 0% intro APR credit cards can help in a crisis, but mind the details. Also in the news: A look at metro home affordability for first time buyers, how to find the right credit card for your side hustles, and how to stretch your money while you’re unemployed. 0% Intro APR Credit […]

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Tuesday’s need-to-know money news

Today’s top story: Side hustle much? You might have the wrong credit card. Also in the news: Make a financial recovery kit to rally faster after disaster, 7 finance tips for 2020 grads entering an economy with few jobs, and that debit card your were mailed is actually your coronavirus relief payment. Side hustle much? […]

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Should seniors consider a reverse mortgage now?

Reverse mortgages allow older homeowners to turn part of their home equity into tax-free cash, using a loan that doesn’t have to be paid back until they die, sell or move out. That sounds good to a lot of seniors navigating financial fallout during the coronavirus pandemic. Stay-at-home orders may have taken away jobs needed […]

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Monday’s need-to-know money news

Today’s top story: 6 tips for handling credit card bills if you’ve lost income. Also in the news: How to slash your cell phone bill, how to work around delays in major IRS functions, and how credit card rewards will change after the pandemic. 6 tips for handling credit card bills if you’ve lost income […]

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