Q&A: Mortgage payoff or emergency savings?

Dear Liz: My husband was laid off recently, and he quickly took a new job with a 25% pay cut to continue insurance benefits and the same retirement program. We regularly pay $500 to $1,300 extra on our house payment. We cannot keep that up. However, with his severance package and vacation day payout, we […]

Continue reading...

Friday’s need-to-know money news

Today’s top story: Using credit card points at checkout has become too easy. Also in the news: Why summer jobs are good for the teenage wallet, how to maximize your music festival savings, and how long it’ll really take you to save for a down payment. Using Credit Card Points at Checkout Has Become Too […]

Continue reading...

Thursday’s need-to-know money news

Today’s top story: How to afford your meds and support your health. Also in the news: A new episode of the Smart Money podcast on reducing child care costs, what the S&P bear market means for you, and why you might want to hold off traveling until September. How to Afford Your Meds and Support […]

Continue reading...

Wednesday’s need-to-know money news

Today’s top story: Fed hoists key interest rate as mortgage rates reach new heights. Also in the news: A new episode of the Smart Money podcast on recession prep, a quiz to cut your credit card costs, and how long it could take for business travel to return to normal. Fed Hoists Key Interest Rate […]

Continue reading...

How to afford your meds and support your health

The cost of prescription drugs in the U.S. can be enough to make you sick. What you pay varies enormously depending on the drug, the pharmacy, your insurance plan and your deductible, among many other factors. A drug that may have been cheap or at least affordable the last time you filled it could be […]

Continue reading...

Q&A: Identity theft fears? Get a credit report, credit freeze

Dear Liz: I divorced 32 years ago. Recently, I received calls from a collection agency about a debt that has not been paid. I discovered that my ex used my phone number as one of his contact numbers. My number is supposed to be unlisted and unpublished, but he found it online. I have stopped […]

Continue reading...

Q&A: Revisiting a Medicare penalty

Dear Liz: As a county employee of 44 years, I was offered the option to contribute to Social Security in the mid-1970s. It was not mandatory and I declined. When I retired in 2004, I did not apply for Medicare as I wrongly assumed that I would not qualify. I have since learned that I […]

Continue reading...

Q&A: Profit sharing and retirement

Dear Liz: I work for a wonderful company that has a generous profit-sharing plan. I am 61 years old and plan on working until I am 65 and eligible for Medicare. Due to some health issues, I am reducing my hours and this will significantly reduce my income for the next four years. I thought […]

Continue reading...

Friday’s need-to-know money news

Today’s top story: Curb inflation with 5 credit card perks. Also in the news: What you need to know about Apple’s Buy Now Pay Later feature, how to tell if free business software will cost you, and how one person ditched $20K in debt. Curb Inflation With 5 Credit Card Perks Your credit card may […]

Continue reading...

Thursday’s need-to-know money

Today’s top story: 9 essential business tasks that take an hour or less. Also in the news: A new episode of the Smart Money podcast on the cost of childcare, 6 mistakes to avoid when you open a new credit card account, and why managing your money starts with your emotions. 9 Essential Business Tasks […]

Continue reading...