Dear Liz: I have a question about a recent answer you gave. The question was whether stimulus payments count as income for people who get Medicaid or Supplemental Security Income. Your — correct — answer was that they don’t, of course, but you seemed to gloss over the fact that even though this payment was […]
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Friday’s need-to-know money news
Today’s top story: Why good credit matters even if you don’t plan to borrow. Also in the news: An expert weighs in on how to travel safely, 4 options if you’re undecided about college this fall, and how to amend a tax return online. Why Good Credit Matters — Even if You Don’t Plan to […]
Thursday’s need-to-know money news
Today’s top story: Find free, solid money advice in uncertain times. Also in the news: 9 budget-friendly ideas for a staycation, how unpaid debt is handled when a person dies, and what to do if you get a letter about unemployment benefits you never requested. Find Free, Solid Money Advice in Uncertain Times Many organizations […]
Find free, solid money advice in uncertain times
If you have money questions — and who among us doesn’t right now? — there are plenty of people willing to offer advice: friends, relatives and random strangers on the internet. Finding someone who knows what they’re talking about, and who isn’t trying to take advantage of you, can be tougher. Fortunately, several groups of […]
Tuesday’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: 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 […]
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 […]