Dear Liz: I had to move to assisted living due to a stroke. I no longer need my car — or the car payment. Can I simply stop paying and let it be repossessed? There are about 18 months to go before it’s paid off. I don’t need great credit anymore and our current expenses […]
Recent Blog Posts
Q&A: Those IRS coronavirus-extended deadlines apply to more than just taxes
Dear Liz: Now that we’re not required to file our taxes until July 15 this year, has anything been said about pushing back the 2019 contribution deadline for IRAs and Roth IRAs? Answer: The IRS recently confirmed that the deadline for making contributions to IRAs has also been extended to July 15. The deadlines were […]
Friday’s need-to-know money news
Today’s top story: 7 credit card rules you can break in an emergency. Also in the news: How Gen X can start tackling its credit card debt, 6 tips to help your portfolio weather the coronavirus crash, and how to prep for and spend your government relief check. 7 Credit Card ‘Rules’ You Can Break […]
Wednesday’s need-to-know money news
Today’s top story: Laid off due to Coronavirus? Take these 6 steps. Also in the news: NerdWallet Experts’ tips on handling finances during coronavirus, my experience flying from Mexico to the U.S. during the Coronavirus pandemic, and how to make a will during the Coronavirus lockdown. Laid Off Due to Coronavirus? Take These 6 Steps […]
How to create a retirement paycheck that lasts
Saving and investing for retirement may actually be easier than deciding how to safely spend what you’ve accumulated. Withdraw too much and you could run out of money. Withdraw too little and you might stint on some retirement pleasures you could actually afford. Taxes and Medicare premiums should be considered, too, since both could be […]
Tuesday’s need-to-know money news
Today’s top story: How to prepare for a recession. Also in the news: What to do if you can’t pay your mortgage, how to stay organized when you have multiple credit cards, and how to find a bank that pays you to open an account. How to Prepare for a Recession Take steps now. What […]