Today’s top story: A Roth IRA could help you avoid taxes like the ultrawealthy. Also in the news: How one DUI can nearly double your car insurance, the Child Tax Credit scam, and flying first class for cheap(er) right now. A Roth IRA Could Help You Avoid Taxes Like the Ultrawealthy You, too, could lower […]
Recent Blog Posts
Monday’s need-to-know money news
Today’s top story: With student loan payments set to return, here’s how to get help. Also in the news: A new episode of the Smart Money Podcast on managing finances abroad and a mid-year money check-in, taking financial advice from Reddit, and how to know if you’ll receive a plus-up stimulus payment. With Student Loan […]
Q&A: Credit scores and card limits
Dear Liz: I have a 780 credit score but noted that one of my cards doesn’t count in the percent of credit used. I have had this card for 44 years and I could charge a couple hundred thousand dollars on a single purchase if I chose to, yet credit scoring formulas don’t figure in […]
Q&A: Withdrawals from an inherited 401(k)
Dear Liz: A relative inherited a 401(k) as a listed beneficiary, and it was simply rolled over into an IRA in her name. Now another family member wants some of the money. The relative keeps trying to explain that if she pulls out any or all of the money, it will be taxed and reduce […]
Q&A: What you need to do when free health insurance for unemployed people ends Sept. 30
Dear Liz: My husband lost his job and we are on COBRA continuation coverage for our health insurance. We won’t have to pay the premiums through Sept. 30, thanks to the American Rescue Plan, which passed in March. Is there anything we can take advantage of Oct. 1 if my husband is not back to […]
Thursday’s need-to-know money news
Today’s top story: How to harness your HSA’s superpowers. Also in the news: A scam alerts on the Child Tax Credit, how to avoid costly home selling mistakes, and in a hot used-car market, used electric cars can be a deal. How to Harness Your HSA’s Superpowers A health savings account can help you supercharge […]