Dear Liz: My brokerage recently sent an updated fee list. They now are charging $100 to close an account. That seems an incredibly high fee should I choose to move my investments somewhere else. The fine print says the fee will not apply to anyone who holds at least $5 million in qualifying assets. Well that […]
Recent Blog Posts
Q&A: Is it wise to have all your accounts under one roof?
Dear Liz: I’m setting up accounts post-divorce, while learning personal finance on the fly. Is it “safe” or advisable to have all of my larger accounts — IRAs, 401(k), cash management — with the same institution, or should I spread them around? I have smaller checking and savings accounts with a good credit union. Answer: Using a […]
Q&A: Caught between Social Security’s two retirement ages
Dear Liz: I’ve received multiple conflicting answers from Social Security and hope you can clarify. My husband waited to collect until he was 70 and unfortunately passed away soon afterward. I am 66 and was instructed to apply for survivor benefits because I would be eligible to collect his enhanced benefit at age 66 plus two months. […]
This week’s money news
This week’s top story: Debt settlement hurts your credit score. In other news: Weekly mortgage rates fall, but existing home sales sag, DOJ files antitrust suit against Live Nation/Ticketmaster, and why the disconnect between economic strength and sentiment matters. Is Debt Settlement a Good Idea? Debt settlement hurts your credit score, and there’s no guarantee of […]
Q&A: How do I find an estate planning attorney I can afford?
Dear Liz: The question from the couple who wanted to leave a home to their four children hit home with me. I’m in the same boat but with only two kids. How do I go about finding an estate planning attorney that I can trust and also afford? Answer: Start by asking for recommendations from friends, family […]
Q&A: Be patient! Find an expert!
Dear Liz: I have a quick question and would like a personal response. What email address can I use? Answer: You can use the email address of the financial planner you hire to advise you. Just because a question is quick doesn’t mean the answer will be. Answers to financial planning questions take time and effort to […]