Q&A: What to do when a financial advisor doesn’t act in your best interests

Dear Liz: I hired a fee-only financial advisor a year ago. The advisor’s firm also included a CPA who prepared my 2017 tax return. My tax liability was 100% more than what I paid via my W-2 withholding because the advisor traded constantly, incurring short-term capital gains. He authorized 45 trades in a three-month period. […]

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Q&A: How to find credit scores

Dear Liz: How do you go about checking your credit scores? I’m a recent widow and have no idea how to do these things. Answer: Checking your credit scores can help you monitor your credit and give you a general idea of how lenders view your creditworthiness. Many banks and credit cards offer free scores […]

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Friday’s need-to-know money news

Today’s top story: Impact investing – using your dollars to make change. Also in the news: How Alexa and Google can aid in your travel planning, 5 ways to save at summer music festivals, and how your credit card APR could double. Impact Investing: Using Your Dollars to Make Change Connecting your dollar with your […]

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Thursday’s need-to-know money news

Today’s top story: Dear Young Girls – let’s talk about money. Also in the news: Why your teen should work this summer, a day in the life of a financial advisor, and why you should make student loan payments during your grace period. Dear Young Girls: Let’s Talk About Money Historical numbers. Why Your Teen […]

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Wednesday’s need-to-know money news

Today’s top story: Here’s how much you should have saved by 30. Also in the news: Taking the smart investor’s vow: to buy and to hold, getting real about the cost of an average retirement, and the MyHeritage hack affects 92 million customers. Here’s How Much You Should Have Saved by 30 The magic number. […]

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Tuesday’s need-to-know money news

Today’s top story: 5 proven ways to increase your home’s value. Also in the news: Paying off debt while saving for retirement, fresh ways to save some green at the farmer’s market, and how some employers are helping to pay student loans in order to attract workers. 5 Proven Ways to Increase Home Value Enhancing […]

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Why your teen should work this summer

Summer jobs for teens are an endangered species worth saving. These seasonal jobs offer more than a paycheck. Summer employment can: • Improve academic performance, especially among lower-income teens. • Teach important employment skills, including teamwork and problem-solving. • Give teens real-world experience demonstrating a work ethic and satisfying bosses who expect them to earn […]

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Monday’s need-to-know money news

Today’s top story: Your store credit card wants to be your everyday card. Also in the news: Weathering life’s storms with an affordable disaster kit, how to wring the most business value from a personal loan, and which industries could feel the bite of a trade war. Your Store Credit Card Wants to Be Your […]

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Q&A: Paying for a younger spouse’s health insurance until Medicare kicks in

Dear Liz: My husband and I have started discussing when he’ll retire. I’d like him to retire somewhere around 65 or 67. He thinks he’ll have to work until at least 70, if not longer, for health insurance coverage for me. (It’s possible that he could do so, since his is an intellectual job where […]

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Q&A: Can a teacher get Social Security spousal benefits?

Dear Liz: I’m 54 and will be eligible for a Social Security retirement benefit in eight years but plan to wait at least until age 67 to claim it. My wife is 60 and is a teacher, so she won’t be eligible for a primary benefit. But what about spousal benefits? Would I qualify for […]

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