Today’s top story: Smart money moves when cash is tighter than time. Also in the news: A new episode of the SmartMoney podcast on losing your health insurance and setting financial goals, how a gap year might haunt you financially, and how to boost your credit score with on-time Netflix payments. Smart Money Moves When […]
Recent Blog Posts
Q&A: Helping a son with horrible credit scores
Dear Liz: My 33-year-old son has horrible credit scores. If I added his name to my credit card, would it have a positive effect on his score without any negative ramifications to mine? Could any of his creditors come after me? Answer: Adding someone to your credit card as an authorized user can have a […]
Q&A: IRS pays interest on late refunds
Dear Liz: I filed my return electronically with direct deposit. I have yet to receive my refund or that stimulus relief check. We have to pay interest on any late tax payment. Will the IRS pay interest on late refunds? Answer: The IRS has said it will pay interest on late refunds if the return […]
Q&A: IRA conversions and taxes
Dear Liz: You recently advised a reader that if their income was too high to contribute to a Roth IRA, they could still contribute to an IRA or any after-tax options in their 401(k). You didn’t mention a two-step Roth IRA — first making a nondeductible contribution to an IRA and then immediately converting that […]
Friday’s need-to-know money news
Today’s top story: How to tell if that ‘contact tracer’ is really a scammer. Also in the news: Don’t wait to refinance these student loans, why you should aim for 1% credit utilization, and the $600 unemployment boost is likely ending. Here’s how you can access cash now. Is That ‘Contact Tracer’ Really a Scammer? […]
Thursday’s need-to-know money news
Today’s top story: What to do with your ‘treasures’ your kids don’t want. Also in the news: How ‘shadow lenders’ can leave college students in the dark, why it’s harder than ever to find a balance transfer offer right now, and 5 destinations from Netflix hits to inspire your future travels. What to Do With […]