Dear Liz: My mother is 68. She has had a sizable amount of money in an old work 401(k) for several years now. Unfortunately, it has been stuck in the most conservative low-growth fund for more than 10 years during a time of great stock market growth. If she changed it to a more aggressive […]
Recent Blog Posts
Q&A: The perils of procrastination can be huge where finances are concerned
Dear Liz: My husband was killed in 2016 and was self-employed for the last three years of his life. I hadn’t gotten around to filing his taxes until earlier this year in June. At first the Social Security rep told me we were approved for survivor benefits but within the hour changed her decision. She […]
Q&A: U.S. is best when picking a trustee
Dear Liz: My wife and I have a revocable living trust and we would like to change our primary successor trustee to someone who lives in the United Kingdom. The new trustee is not related to us nor is he a U.S. citizen. Can this be done and would our trust then become a foreign […]
Tuesday’s need-to-know money news
Today’s top story: What the new COVID relief package means for you and your money. Also in the news: Second relief bill and vaccine rollout attract fraudsters, taking advantage of student loan breaks before 2020 ends, and why a down payment is just the beginning of buying a new home. What the New COVID Relief […]
Monday’s need-to-know money news
Today’s top story: 5 holiday disasters that are covered by home insurance. Also in the news: How to get started on a post-pandemic budget recovery plan, a new episode of the Smart Money podcast on lessons listeners learned during the pandemic, and 3 mistakes to avoid when you buy a recreational vehicle. 5 Holiday Disasters […]
Q&A: Investing can be scary. How to overcome your anxiety
Dear Liz: I’m 53 and a debt-free homeowner. I’m employed but don’t have a 401(k) and have only about $80,000 in savings. I realize I need to put that money to work somewhere but I just freeze when it comes to trusting myself or someone else to handle it. Markets lately scare me to death, […]