Q&A: How to divvy up your wealth when you don’t agree with one offspring’s life choices

Dear Liz: I am reasonably well off thanks to hard work, some luck and a hard-earned (by my mother) inheritance. I don’t spend much because I prefer a simple life, so the money has piled up over the decades. I have two children. One has a college degree, a decent job, and is saving for […]

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Q&A: Obsessing over taxes is foolish

Dear Liz: Most of your articles are from people who have not yet retired. I am retired and always expected to be making less money now than when I was working. But the opposite has happened. I am making almost twice as much and I have a lot of money in stocks, which have increased […]

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Q&A: Hard to predict tax rates

Dear Liz: I read your column answer to the 40-year-old who asked about regular 401(k) versus Roth 401(k) contributions. Obviously, the answer has more moving parts than you have space for. However, using before-tax dollars for the 401(k) gives him a small break now, but when he hits 70 1/2, those dollars will impact the […]

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Friday’s need-to-know money news

Today’s top story: How to mend holes in your budget with a little needle and thread. Also in the news: Understanding online loans, the cybersecurity best practices for small businesses, and a 2% boost is on the way for Social Security in 2018. Mend Holes in Your Budget With a Little Needle and Thread Easy […]

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Why NFL players go broke, and what you can learn

Terrell Owens originally was famous for his many National Football League records and over-the-top touchdown celebrations. But he’s also famous for running through most of the $80 million he made during his 15-year career, thanks in part to bad investments and business deals. “Having a lot of money it’s good but at the same time […]

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Thursday’s need-to-know money news

Today’s top story: Why you need a 401(k) in your 20s. Also in the news: How being lazy can help you save money, the new rules of credit card point etiquette, and how to spot financial infidelity. Yes, You Need a 401(k) in Your 20s — Here’s Why Paving the long road. How Being Lazy […]

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Wednesday’s need-to-know money news

Today’s top story: Buying home insurance after a wildfire starts. Also in the news: Why good credit might not be good enough for a mortgage, a quick quiz to test how you’re doing financially, and why Americans are more afraid of student debt than they are of Kim Jong Un. Can You Buy Home Insurance […]

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Tuesday’s need-to-know money news

Today’s top story: 7 signs you’ve gone from frugal to cheap. Also in the news: 7 ways to avoid becoming a scary student loan statistic, following the lead of Millennials to save more for retirement, and retirement community fees that can be deducted as medical expenses. 7 Signs You’ve Gone From Frugal to Cheap A […]

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Q&A: How student loans can follow you to the grave

Dear Liz: Several years ago, my daughter called in tears asking if I could help because my granddaughter, who was halfway through her first year of college, would have to drop out if she didn’t immediately finish paying her tuition. I agreed to co-sign a loan, thinking after she got through that semester, they could […]

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Q&A: Keep your ID papers current

Dear Liz: In helping my 92-year-old father update his trust, we ran into a snag. Both his passport and driver’s license had expired. We thought he didn’t need them since he does not travel, drive or hit the bars. But to notarize documents, you need current identification. Getting a state ID card added many weeks […]

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