Dear Liz: I am a senior citizen who fell for the hype about reverse mortgages during a really hard time in my life. To this date I regret profoundly having sold my home to the devil! I never imagined that my debt would grow such as it has. My home is currently valued at $120,000 […]
Recent Blog Posts
Q&A: Roth IRA penalties
Dear Liz: I read your column in which you talked about the Roth IRA and how withdrawals can be penalized if you’re younger than 59½ or the account is not 5 years old. But are there any exceptions? Can we withdraw from our Roth IRA and not pay any tax or penalty if we use […]
Friday’s need-to-know money news
Today’s top story: How to stand out in a tough job market. Also in the news: 3 ways to skip your bank’s long phone lines, how a temporary relocation during the pandemic may affect your taxes, and new HSA rules. How to Stand Out in a Tough Job Market A message for the Class of […]
Thursday’s need-to-know money news
Today’s top story: 3 ways to skip your bank’s long phone lines. Also in the news: Keeping your credit in shape, even if you don’t have debt and don’t plan to borrow, 25 ways to save yourself from your debt disaster, and how to set up a 60/40 budget. 3 Ways to Skip Your Bank’s […]
Wednesday’s need-to-know money news
Today’s top story: 5 reasons it’s smart to lease a car right now. Also in the news: How to free up cash in your budget, how to decide what to leave your kids, and all the ways to get Amazon Prime for free. 5 Reasons It’s Smart to Lease a Car Right Now Keeping your […]
Tuesday’s need-to-know money news
Today’s top story: Credit cards that help authorized users build credit. Also in the news: Taking control with advance medical directives, why you don’t need 20% down to buy a home, and why wealthy college students are getting more financial aid. Which Credit Cards Help Authorized Users Build Credit? Building your credit with a little […]