Dear Liz: I am 41 and have had a traditional IRA for about two decades. I funded it for the first 10 years, taking a tax deduction for the contributions. Since I’ve had a 401(k) with my employer for the past several years, I obviously cannot take a deduction for the IRA amount, but I […]
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Friday’s need-to-know money news
Today’s top story: Is it okay to never have a credit card? Also in the news: How to organize important documents simply and safely, can a credit card company lower your credit limit, and how to try and prevent your eviction. Is It OK to Never Have a Credit Card? Using credit cards responsibly is […]
Thursday’s need-to-know money news
Today’s top story: Probate workarounds can save your heirs time and money. Also in the news: Student loan refi rates keep dropping, which airline you should fly in 2020 (and beyond), and how to know if you should refinance your mortgage. Probate Workarounds Can Save Your Heirs Time and Money There are often workarounds to […]
Wednesday’s need-to-know money news
Today’s top story: Which airline has the most valuable elite status program. Also in the news: A look at summer homebuying, 25 tips for buying your first home, and how to automatically transfer your 401(k) money when you change jobs. Which Airline Has the Most Valuable Elite Status Program? The best perks and how to […]
Tuesday’s need-to-know money news
Today’s top story: Options for undergrad, grad, veteran and international students when colleges say stay home. Also in the news: Which airlines have handled COVID-19 the best, is it OK to never have a credit card, and where to put your money when interest rates are falling. When Colleges Say Stay Home: Options for Undergrad, […]
Probate workarounds can save heirs time, money
A reader recently reached out after his elderly mother died, asking how soon he could distribute the $10,000 she had earmarked in her will for each of her two grandchildren. Because she lived in California, I had to break the bad news: He won’t be able to hand over the money any time soon. Probate […]