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 […]
Recent Blog Posts
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 […]
Q&A: Refinancing in your golden years
Dear Liz: I just wanted to comment on a recent question about refinancing a mortgage in retirement. The writer wrote: “… at 67 and 72 years old, it’s unlikely that both of us will survive for another 15 years to pay off this loan.” This seems an old way of thinking about age. The obituaries […]
Thursday’s need-to-know money news
Today’s top story: How to bounce back from an income drop. Also in the news: 5 tips for fostering a successful hybrid workplace, is the Fed to blame for high home prices, and why right now might be the best time to sell your car. When Your Income Drops, Here’s How to Bounce Back Recovering […]
Wednesday’s need-to-know money news
Today’s top story: 5 ways to prepare and pack for COVID-Era travel. Also in the news: 8 safety tips for solo female travel, how doing a subscription detox could plug monthly budget leaks, and how to take advantage of (and keep) a high credit score. 5 Ways to Prepare and Pack for COVID-Era Travel A […]
Tuesday’s need-to-know money news
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 […]