Today’s top story: What to do if Chime or other neobanks close your account. Also in the news: A new episode of the Smart Money podcast on fighting inflation and the risks of small mortgage lenders, 6 essential terms to understand in your homeowners policy, and what millennial parents want their kids to know about […]
Recent Blog Posts
Q&A: Why delaying Social Security is the smartest retirement play
Dear Liz: If someone delays applying for Social Security after their full retirement age, the common thought is that their benefit grows by 8% a year until the age of 70. It accrues by that much only if you continue to work, right? I was unceremoniously laid off during the pandemic and I am holding […]
Q&A: Different Roths, different rules
Dear Liz: I have a Roth 401(k). Are withdrawals from it the same as from a Roth IRA? And how do I move it to a Roth IRA? Answer: Roth 401(k)s are a type of workplace retirement plan that, like Roth IRAs, allow tax-free withdrawals. But the rules for Roth 401(k)s are somewhat different from […]
Q&A: Finding a fee-only advisor
Dear Liz: I need help locating a fee-only financial advisor. My search only comes up with advisors with investments. Answer: It’s not clear what you mean by “advisors with investments.” Some fee-only planners charge a percentage of the assets they manage and often require you to invest a minimum amount with them. Others charge a […]
Thursday’s need-to-know money news
Today’s top story: Smart strategies for fighting back against inflation. Also in the news: Easing into credit cards with a simple cash-back card, Medicare and dental implants, and these 6 psychological biases may be holding you back from building wealth. Wary of Credit Cards? Ease In With a Simple Cash-Back Card No-fee, flat-rate cash-back cards […]
Wednesday’s need-to-know money news
Today’s top story: How COVID-fueled crowdfunding can revive small businesses. Also in the news: How point and mile values have changed over the pandemic, the one trick to traveling cheaply, and this tool tells you what you owe the IRS before they come looking for it. How COVID-Fueled Crowdfunding Can Revive Small Businesses Tips for […]