Dear Liz: I am 82 and receive $786 from Social Security. My wife is 75 and receives $1,400 from Social Security. I believe you said that a lower beneficiary could get the same amount as the higher beneficiary. When I contacted Social Security, I was informed that my benefit needed to be less than half […]
Recent Blog Posts
Q&A: Giving executors account access
Dear Liz: We are trying to leave our affairs in order for our executors. (Pity them. We have accounts and substantial assets in England and Canada as well as the U.S.!) Thinking of some immediate expenses they will have, I’ve documented details of how to access our accounts online (passwords coded in a way that […]
Q&A: How a 529 plan can help with education loans after graduation
Dear Liz: I have a 529 plan for my niece who has now graduated from college. She has student loan debt and would like to use the money left in the 529 account to pay this debt. Is this allowable without incurring penalties? Answer: Yes, up to $10,000. The Setting Every Community Up for Retirement […]
Thursday’s need-to-know money news
Today’s top story: 6 ways to budget using your bank account. Also in the news: Checking your finances now to avoid falling behind, how video games can level up kids’ money skills, and four questions to ask yourself before any big purchase. 6 Ways to Budget Using Your Bank Account Your bank account can do […]
Wednesday’s need-to-know money news
Today’s top story: How to avoid getting sick on a plane. Also in the news: How to save money with Amazon and Walmart prescription discounts, a Travel Nerd on booking hotels last minute, and how to get the new SNAP benefits, even if you’re still a student. How to Avoid Getting Sick on a Plane […]
Tuesday’s need-to-know money news
Today’s top story: How to minimize credit damage from medical bills. Also in the news: Getting started with qualified opportunity funds, how to turn your side-gig into a full-time business, and what to do if you’re about to lose your federal COBRA subsidy. How to Minimize Credit Damage From Medical Bills Your credit can recover. […]