Dear Liz: You have addressed Social Security in your column recently and detailed the benefits to waiting until age 70 to take payments. I read that Social Security funds are expected to run out around 2035. At that time I’ll be 76 and would only get six years of benefits versus 13 years if I […]
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Friday’s need-to-know money news
Today’s top story: Fear of bankruptcy holds too many people back. Also in the news: Saving for a down payment is only the start for homeowners, pressing pause on private student loans, and it’s time to revise your pandemic budget. Fear of Bankruptcy Holds Too Many People Back Many people could benefit from bankruptcy relief […]
Thursday’s need-to-know money news
Today’s top story: Ask a Points Nerd: What Will Holiday Travel Be Like? Also in the news: Starter credit card options, how to avoid common and costly home renovation mistakes, and what to know about Sam’s Club’s new telehealth program. Ask a Points Nerd: What Will Holiday Travel Be Like? It’s hard to say how […]
Wednesday’s need-to-know money news
Today’s top story: Are cash management accounts safe? Also in the news: 6 items to add to your packing list for COVID-era travel, 5 myths about high-yield savings accounts during COVID-19, and how to talk about debt as newlyweds. Are Cash Management Accounts Safe? How CMAs Protect Your Money What to know about FDIC insurance. […]
Tuesday’s need-to-know money news
Today’s top story: 6 National Parks to visit this fall and where to stay on points. Also in the news: How to find travel insurance that offers COVID coverage, 7 Personal Finance Rules it’s OK to break during a pandemic, and How to save the economy for everyone. 6 National Parks to Visit This Fall, […]
Fear of bankruptcy holds too many people back
The mystery isn’t why so many people file for bankruptcy each year. It’s why more people don’t. Each year, only a fraction of the Americans who could benefit financially from bankruptcy actually seek relief. Economists say some don’t file because collectors aren’t aggressively pursuing them, while others may strategically delay filing because bankruptcy could benefit […]