Today’s top story: Credit score drop? How to diagnose why and what to do next. Also in the news: A new episode of the SmartMoney podcast on the safety of Bitcoin, what to do if you’re struggling with IRS delays, and what to do about your FSA contributions if your child care is closed. Credit […]
Recent Blog Posts
Q&A: When a Roth IRA makes sense
Dear Liz: I have some money saved in a brokerage account, over and above my maximum 401(k) contribution. I just turned 60. Is it advantageous to move that money into a Roth IRA or should I keep it in the brokerage account? Answer: If you suspect you’ll need this money within five years, then you […]
Q&A: When an executor doesn’t heed the will
Dear Liz: My dad’s will clearly divided his estate equally between his two sons. By the time Dad died, my brother had two kids. After the funeral, my sister-in-law sat me down and told me that everything will be divided into three parts. I would get one-third and they get two-thirds, because they had the […]
Q&A: Stimulus money for Social Security recipients is finally on the way
Dear Liz: My mother filed a paper return for 2019 in early March but hasn’t received her refund yet. Also, she hasn’t received the stimulus check to which she is entitled. She receives Supplemental Security Income via direct deposit and she included her banking info on her tax return for direct deposit. Given the IRS’ […]
Friday’s need-to-know money news
Today’s top story: Credit score drop? How to diagnose why and what to do next. Also in the news: Put off debt payments to start saving now, going contactless as a way to pay safer, and many unemployed people aren’t aware of all the relief they may qualify for during the pandemic. Credit Score Drop? […]
Thursday’s need-to-know money news
Today’s top story: Should seniors consider a reverse mortgage now? Also in the news: Make the most of these store cards during a crisis, financial experts say a recession could be looming, and why you should think of your HSA as an extension of your emergency fund. Should Seniors Consider a Reverse Mortgage Now? Reverse […]