Today’s top story: How to avoid waiting on credit card customer service lines. Also in the news: COVID-19 refunds on campus, why older Americans might be having trouble getting credit cards, and money-saving tips everyone should know. How to Avoid Waiting on Credit Card Customer Service Lines Alternatives to sitting on hold. Will You Get […]
Recent Blog Posts
The 2 costs that can make or break your nest egg
If you earn a decent income but have trouble saving, the culprits could be the roof over your head and the car in your driveway. Retirement savers who contribute more to their 401(k)s often spend less on housing and transportation than their peers, according to a study by the Employee Benefit Research Institute and J.P. […]
Monday’s need-to-know money news
Today’s top story: How hotel prices changed in 2020 vs. 2019. Also in the news: A new episode of the SmartMoney Podcast on emergency loans and the perks of buying local, what to know about EFTs and adding them to your portfolio, and what to do if you receive an unpaid notice from the IRS. […]
Q&A: Where’s that tax refund?
Dear Liz: Like the writer in a recent column, I received a stimulus check for my late mother and dutifully mailed the IRS a check as the agency requested on May 6. The check finally cleared on Aug. 12. So, yes, the IRS will absolutely eventually cash it. However, I’m still waiting for the federal […]
Q&A: Social Security ‘child benefit’ math
Dear Liz: I just turned 62 and I have 3 children, ages 11, 13 and 15. I understand that starting Social Security now means my benefit is permanently reduced. Should I delay or take it now, since my children could get benefits? Answer: The so-called “child benefit” complicates the math that usually favors delaying the […]
Q&A: Here’s why two 401(k) accounts aren’t better than one
Dear Liz: I changed jobs more than three years ago and did not roll over my 401(k) when I started a 401(k) account with my new employer. I’m perfectly happy having separate accounts. However, I’ve read some IRS rules that I cannot understand about being penalized for not contributing to a 401(k) for five years. […]