Today’s top story: When it’s OK to let your good credit score drop. Also in the news: A new episode of the Smart Money podcast on crypto credit cards and short-term investing, why balance transfer cards are starting to make a comeback, and how a 24-year-old crushed $20K+ in credit card debt. When It’s OK […]
Recent Blog Posts
Q&A: A sudden death brings a financial quandary
Dear Liz: My son suddenly passed away and his $1-million life insurance policy was awarded to me, his mother. I want the money to be divided equally between his two children for future use. They are 18 and 15 now. What financial vehicle should I use? The funds are in my money market account just […]
Q&A: Here’s how to pick the best retirement account
Dear Liz: Can you explain the difference between a Roth IRA and a Roth 401(k)? What are the benefits of a Roth 401(k)? My company offers it and I am considering beginning to make deferral contributions there while continuing my 401(k) contributions. Answer: Contributions to Roth IRAs and Roth 401(k)s are after tax, which means […]
Thursday’s need-to-know money news
Today’s top story: 5 tips to keep a landscaping project on time and under budget. Also in the news: The mortgage outlook for June, student loan interest rates to increase July 1st, and how to get Amazon Prime Day prices without a membership. 5 Tips to Keep a Landscaping Project on Time, Under Budget DIY […]
Wednesday’s need-to-know money news
Today’s top story: How a mortgage nerd bought a house in a seller’s market. Also in the news: Why you should consider a second city trip in 2021, what changed while you were ignoring travel, and why travel is more expensive this summer. How a Mortgage Nerd Bought a House in a Seller’s Market Buying […]
Tuesday’s need-to-know money news
Today’s top story: Federal student loan interest rates to increase July 1st. Also in the news: What it would take to solve the student debt crisis, 4 tips for small business owners paying down pandemic debt, and how to be a better long-distance caregiver. Federal Student Loan Interest Rates to Increase July 1 Rates will […]