Dear Liz: I differ with your opinion that electronic payments are far more secure than sending checks through the mail. My own personal experience sending checks for about 40 years with only one mishap (which wasn’t attributable to the USPS) provides great confidence in mail as a payment system. In contrast, not a month goes […]
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Q&A: Does a teenager need a Roth IRA?
Dear Liz: Our 16-year-old daughter has been frugal since she started understanding money at about age 6. She works and makes a decent income for a high school student. Her savings are now quite substantial. She wants to open a Roth IRA while she is young and has no income tax liability. My wife and […]
Friday’s need-to-know money news
Today’s top story: Crypto-earning credit cards are all the rage – but should you buy in? Also in the news: As travel rebounds, credit cards can unlock perks from a bygone golden age, the pros and cons of becoming your own boss, and all the states offering vaccine rewards. Crypto-Earning Credit Cards Are All the […]
Thursday’s need-to-know money news
Today’s top story: The checks that could change your financial life. Also in the news: Should you sign up for Medicare if you’re 65 and still working, 6 signs you’re about to overpay for life insurance, and 7 products being slammed by inflation. The Checks That Could Change Your Financial Life A temporary boost to […]
Wednesday’s need-to-know money news
Today’s top story: Scam Alert – Be skeptical of that emergency. Also in the news: How 2 first-gen college students got into their dream schools, what to do if your tax refund is delayed, and what to look for in an offer letter (besides the money). Scam Alert: Be Skeptical of That ‘Emergency’ Take steps […]
The checks that could change your financial life
Starting in July, most families with kids will start getting monthly payments of up to $300 per child as part of the American Rescue Plan’s expansion of the child tax credit. The payments are scheduled to end in December, and it’s unclear whether they will be extended. But even six months of payments could make […]