Today’s top story: How to get your savings resolution back on track. Also in the news: Where to look if your small business can’t get a PPP loan, breaking down the tax implications of PPP loans, and when you might get your $1,400 relief check. Broke Your Savings Resolution? How to Get Back on Track […]
Recent Blog Posts
Monday’s need-to-know money news
Today’s top story: Discriminatory practices leave Black Americans with less life insurance. Also in the news: How to keep your student loan payment at $0, a new episode of the Smart Money podcast on the lessons learned from Gamestop, and how to protect yourself from gas pump skimmers. Discriminatory Practices Leave Black Americans With Less […]
Q&A: Age minimum for survivor benefits
Dear Liz: I am 53 and Social Security is giving me a hold time for my widow support. What should I do? Answer: The only thing you probably can do is wait. Survivor benefits are normally only available once you turn 60. You can start as early as age 50 if you are disabled or […]
Q&A: Dementia and financial accounts
Dear Liz: You recently discussed the importance of adding spouses to financial accounts before one of them dies to make it easier for the surviving spouse. I wholeheartedly agree. I would add that this needs to be done sooner rather than later. If one of the spouses is diagnosed with dementia, the bank will likely […]
Q&A: Paying down your mortgage
Dear Liz: You’re not a fan of prepaying student loans in most cases because the extra money sent to lenders is “gone for good” — it’s not like credit cards, where paying down a balance can free up some of the credit line to be used again. But what’s wrong with paying down a primary […]
Q&A: How to find an accountant and a financial planner
Dear Liz: Can you offer advice on finding the right accountant for someone doing taxes for the first time after divorce? My husband always handled this. Also, same question for a financial planner for a newly divorced person? It’s all so overwhelming. Answer: It is, and you’re smart to reach out for help. You might […]