Thursday’s need-to-know money news

Today’s top story: Can a personal loan help during a crisis? 5 questions to ask. Also in the news: Citi Premier will become less valuable for travelers, how parents can help Gen Z prepare their credit for graduation, and how to protect your credit during the Coronavirus shutdown. Can a Personal Loan Help During a […]

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Wednesday’s need-to-know money news

Today’s top story: How COVID-19 payment accommodations may affect your credit. Also in the news: Mortgage “relief” and “refinance” searches spike during outbreak, why retailers host sales during the outbreak, and how to get Coronavirus relief payments for kids if you don’t files taxes. How COVID-19 Payment Accommodations May Affect Your Credit How the CARES […]

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Tuesday’s need-to-know money news

Today’s top story: Cashing out 401(k) due to COVID-19? Consider these things first. Also in the news: How one man paid off almost $37,000 of debt, what you need to know about COVID-19 and life insurance, and removing late payments from your credit report with a goodwill letter. Cashing Out a 401(k) Due to COVID-19? […]

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What to do when you can’t pay your bills

The economic fallout from the coronavirus pandemic could be profound. Many people are already losing jobs, with unemployment jumping at a record pace. Even those who stay employed may face reduced hours or uncertainty about how long their paychecks will continue. If you’re in a situation where you can’t pay all your bills, or likely […]

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Monday’s need-to-know money news

Today’s top story: 7 kinds of COVID-19 relief for college students. Also in the news: Why rich students get more financial aid than poor ones, a new episode of the SmartMoney podcast on Student Loans and the stimulus package, and what it means to be furloughed. 7 Kinds of COVID-19 Relief for College Students From […]

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Q&A: Volatile markets and retirement

Dear Liz: With the tumult in the stock market, I’ve been thinking of a strategy which may be safe but not prudent. I have about $315,000 in a trust account which pays me about $9,000 a year in dividends. I’m 81. If I sell all the stocks in my trust account, I could draw the […]

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Q&A: Giving away your relief funds

Dear Liz: My wife and I are retired. We are comfortable financially, with a generous pension, maximum Social Security benefits due to start in a few months, and three years’ worth of ready cash in the bank. We don’t anticipate touching our investments until mandatory distributions from our IRAs kick in. Now we’re apparently going […]

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Q&A: How to figure out if your student loan qualifies for coronavirus relief

Dear Liz: I’m confused about what help is being offered to people with student loans. At first I heard interest was waived but payments had to be made. Then supposedly the stimulus package made payments optional. Is there something I have to do to get relief or is it automatic? Answer: If your student loans […]

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Friday’s need-to-know money news

Today’s top story: COVID-19 loan options and payment relief. Also in the news: Why you shouldn’t give your adult kids your house, managing the high cost of infertility, and when you’ll get your Coronavirus relief check. COVID-19: Loan Options and Payment Relief Lenders respond to the pandemic. Don’t Give Your Adult Kids Your House Good […]

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Thursday’s need-to-know money news

Today’s top story: SmartMoney Podcast – Coronavirus and your portfolio. Also in the news: How to suspend or cancel car insurance temporarily, what to do when the Coronavirus crisis delays your wedding day, and Coronavirus food delivery options and how your credit card can help. SmartMoney Podcast: Coronavirus and Your Portfolio Managing the toll on […]

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