Get smart with your money
Amazon. Chipotle. GoPro. These household-name businesses were launched thanks to investments by the founders’ parents. But parents also have sunk plenty of money into their offsprings’ doomed enterprises, sometimes endangering their retirements and family relationships in the process. In my latest for the Associated Press, how not to offer money you can’t afford to lose.
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Today’s top story: TSA-Approved ways to cut the airport screening line. Also in the news: How to talk retirement with your spouse, the most and least affordable areas in the country, and things to consider before co-signing a student loan. TSA-Approved Ways to Cut the Airport Screening Line Is TSA pre-check worth the price? How […]
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Dear Liz: I have a terminal illness and have less than a year to live. My wife and I are in our 80s and don’t own anything: no cars, no homes. My wife has an IRA worth $140,000 that pays us $2,000 a month, and she has a small pension of $1,400 a month. We […]
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Dear Liz: You’ve written about the potential financial flexibility and options for preserving quality of life for seniors by using a reverse mortgage line of credit. I believe there is a great need for much more cautionary advice regarding reverse mortgages. Someone I know entered into a reverse mortgage and the consequences have been disastrous. […]
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Dear Liz: Is freezing one’s credit reports the safest bet even though it’s inconvenient to get it temporarily unfrozen? Plus you have to pay a fee. At my son’s urging, I had my credit reports frozen since the Equifax incident but I find it very inconvenient whenever some financial firms need to look into my […]
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Today’s top story: How your credit card can help you save on summer travel. Also in the news: 7 steps to save on hardwood flooring costs, how not to be a knucklehead on Venmo, and how to boost your benefits at work. How Your Credit Card Can Help You Save on Summer Travel Using credit […]
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Today’s top story: One couple’s journey from debt to $1.5 million in savings. Also in the news: What to buy and skip in July, Whole Foods joins Amazon’s Prime Day, and how the lawsuits against student loan service Navient could affect you. One Couple’s Journey From Debt to $1.5 Million in Savings Communication is key. […]
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Today’s top story: Credit cards can give you a break on back-to-school purchases. Also in the news: How credit card perks can be your ticket to a cheaper vacation, 3 questions to help grow your retirement savings, and a nonprofit that will give you $1000 if you take personal finance classes. Credit Cards Can Give […]
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Most of us have wasted money on ill-considered purchases or stuff we really couldn’t afford. As we get more financially savvy, that happens less often. But we can still profit from other people’s bad choices. People who prize the latest and greatest, for example, quickly need to upgrade to the next shiny thing. That leaves […]
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Today’s top story: The benefits of a just-for-debt credit card. Also in the news: July’s stock market outlook, bogus organic fruit, and how long it takes your credit score to recover from a drastic drop. Just-for-Debt Credit Card: It Has One Job Use this card for only one thing. Stock Market Outlook: A Market That […]
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