Dear Liz: I am 55 and have health issues that I don’t talk about at work. I want to retire soon. I know that getting health insurance is going to be hard. I am just at a loss as to how I am going to keep working when I don’t feel well. What are my […]
Recent Blog Posts
Q&A: Refinance or use IRA funds on mortgage?
Dear Liz: I owe $360,000 on my mortgage. I have sufficient funds in my IRA to pay this amount off without depleting income distribution for the next 20 years. I am currently paying $1,100 monthly on an interest-only loan, but I have to start making much larger principal payments in November 2022. Would you advise […]
Q&A: Pensions and Social Security benefits
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 […]
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 […]