Dear Liz: You recently answered a question about whether to take a lump sum or an annuity payout from a pension. I think you need to be more cautious about making a blanket statement about the payout being the only viable option. There are other reasons for taking the lump sum, such as the pension […]
Recent Blog Posts
Q&A: House gift needs a lawyer’s help
Dear Liz: I have a rental house that I would like to give to my sister as an outright gift. (She is the current tenant but cannot afford to buy the house.) How can I do this legally? Do I need a lawyer? If so, what kind? I have already asked a real estate agent, […]
Friday’s need-to-know money news
Today’s top story: How to holiday shop at the last minute. Also in the news: 6 ways to save money on holiday travel, 2022 small business outlook, and easy ways to clean up your finances before another year begins. How to Holiday Shop at the Last Minute Here’s what to do if you still have […]
Thursday’s need-to-know money news
Today’s top story: 8 rules for saving, borrowing, and spending money. Also in the news: How purchase plans pay advances could change in 2022, how to find the hidden costs of starting a small business, and 1 in 5 Americans are saving less for retirement due to Covid. 8 Rules for Saving, Borrowing and Spending […]
Wednesday’s need-to-know money news
Today’s top story: How to stay up to date on foreign travel restrictions. Also in the news: Southwest to roll out 4th fare type in 2022, maximizing holiday spirit while minimizing taxes, and how to spot a shady landlord. How to Stay Up to Date on Foreign Travel Restrictions Look to federal agency and embassy […]
8 rules for saving, borrowing and spending money
The best personal finance advice is tailored to your individual situation. That said, a few rules of thumb can cut through the confusion that often surrounds money decisions and help you build a solid financial foundation. In my latest for the Associated Press, guidelines for saving, borrowing, spending and protecting your money culled from nearly […]