Today’s top story: 4 common debt consolidation mistakes and how to avoid them. Also in the news: Inflation could be sapping your pandemic savings, how your driving habits can lower your insurance bills, and how lifestyle creep can erode your savings one raise at a time. 4 Common Debt Consolidation Mistakes and How to Avoid […]
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Monday’s need-to-know money news
Today’s top story: 3 things to do before you buy crypto. Also in the news: A new episode of the Smart Money podcast on back to school shopping and breaking bad money habits, student debt is canceled for borrowers with disability, and 6 ways to make your business more agile. 3 Things to Do Before […]
Q&A: Medicare and Social Security
Dear Liz: If my wife and I wait until we are 70 to collect Social Security but retired at our full retirement age of 66 and 2 months, would we still be able to get Medicare for those 3 years and 10 months before we reach 70? Answer: You’re eligible for Medicare at age 65, […]
Q&A: Saving after retirement
Dear Liz: I’m retired, age 67. I have a SEP that requires me to pay taxes on any withdrawals. I also have standard savings and checking accounts. The SEP has been earning 13% to 14% annually, and of course the savings account earns very little. Where does it make sense for me to place savings […]
Q&A: Your accounts are likely to outlive you. How to safely store that information
Dear Liz: I’m attempting to become as paperless as possible while also organizing all of our financial information into one place so if one of us dies, the other (or our child) will be able to access everything in one concise source. My current system is downloading all bank and investment accounts and medical payments […]
Tuesday’s need-to-know money news
Today’s top story: Need cash? Your brokerage account may offer a handy solution. Also in the news: 5 tools to make your remote-work business click, how to chop remodeling costs when wood prices are high, and how to stop a gym from charging your card after canceling your membership. Need Cash? Your Brokerage Account May […]