Dear Liz: A lot has been written about how much can safely be withdrawn from a balanced investment portfolio so that it will last a lifetime. A popular strategy is to withdraw a percentage, say 4%, in the first year and then increase that withdrawal each subsequent year by the rate of inflation. What are […]
Recent Blog Posts
Q&A: Don’t bother with max credit score
Dear Liz: I am seeking your advice on how to maximize my credit score. Recently one of my cards was canceled for non-use, which reduced my available credit to $75,000. I use three other cards in rotation, never use more than 3% of my credit limits and always pay the balances off. I have made […]
Thursday’s need-to-know money news
Today’s top story: The mental health risks of retiring. Also in the news: Prepare your business finances now in case of natural disasters, a new episode of the Smart Money podcast on achieving your dreams, and why you should switch to online invoicing. The Mental Health Risks of Retiring Retiring can pose challenges. Prepare Your […]
Wednesday’s need-to-know money news
Today’s top story: 5 ways businesses can get ahead of stalled supply chains. Also in the news: What you need to know about Medigap Plan A, traveling without a vaccine, and questions to answer before buying a house with a friend. 5 Ways Businesses Can Get Ahead of Stalled Supply Chains Virtually no small business […]
Tuesday’s need-to-know money news
Today’s top story: 5 things small businesses need to know about the Metaverse. Also in the news: Grads left behind $3.7B in free college aid in 2021, buying your next used car online, and why you should teach your kid to invest while they’re still a kid. What Is the Metaverse? 5 Things Small Businesses […]
The mental health risks of retiring
The late Pamela Hixon of Leipsic, Ohio, was eager to retire from her job running a hospice agency. Soon after she quit, however, Hixon spiraled into depression and anxiety. She sought help from counselors and her pastor, but it wasn’t enough. Six months after retiring, she took her own life. “She lost purpose, she lost […]