Today’s top story: How to get free money for college and help to find it. Also in the news: 4 alternatives to big banks, workplace scams to watch out for, and unexpected things you could buy with crypto. You Can Get Free Money for College — and Help Finding It The FAFSA qualifies you for […]
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Monday’s need-to-know money news
Today’s top story: Pandemic puts personal finance on high school agenda. Also in the news: A new episode of the Smart Money podcast on Delta spending habits and marriage vs. mortgage, 4 new rules for entrepreneurs in 2021, and the mortgage outlook for September. Pandemic Puts Personal Finance on High School Agenda “Educators say there’s […]
Q&A: Retiring early doesn’t mean losing affordable health insurance
Dear Liz: I am 55 and have health issues that I don’t talk about at work. I want to retire soon. I know that getting health insurance is going to be hard. I am just at a loss as to how I am going to keep working when I don’t feel well. What are my […]
Q&A: Refinance or use IRA funds on mortgage?
Dear Liz: I owe $360,000 on my mortgage. I have sufficient funds in my IRA to pay this amount off without depleting income distribution for the next 20 years. I am currently paying $1,100 monthly on an interest-only loan, but I have to start making much larger principal payments in November 2022. Would you advise […]
Q&A: Pensions and Social Security benefits
Dear Liz: My situation is similar to the former teacher who wrote about a pension impacting Social Security benefits. I started Social Security at 62. My wife’s government pension is from a job that didn’t pay into Social Security. I’ll receive her pension if she should die before I do. If this occurs, how will […]
Q&A: Investing a windfall
Dear Liz: My husband and I are retired and recently inherited a large sum of money. We already have money of our own invested and have a good income. Would a whole-life insurance policy based on an index account be a good place to put this money? Answer: The insurance agent trying to sell you […]