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 […]
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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 […]
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’ […]