Today’s top story: Is chasing the highest savings rate worth it? In other news: A new tax form that may help simplify things for seniors, a new episode of the SmartMoney podcast, and 5 things you’ll wish you knew before you retired. Is Chasing the Highest Savings Rate Worth It? Breaking down the pros and […]
Recent Blog Posts
Q&A: Required distributions and charity
Dear Liz: In a recent column, you mentioned that after age 70½, one can donate up to $100,000 to a charity directly from an IRA. Can one still take that as a charitable donation on income tax forms? If I have a required minimum distribution of $10,000, but make a $10,000 donation to a charity, […]
Q&A: Retirement plans by the numbers
Dear Liz: At the moment I contribute to a 403(b) retirement plan at work. I have another 403(b) with a former employer, but haven’t contributed to it since I changed jobs several years ago. Should I contribute to both rather than just one? Also, my current employer offers a deferred compensation plan, but they don’t […]
Q&A: Something to leave out of your disaster kit: Original documents
Dear Liz: My wife and I are having a disagreement regarding documentation for our disaster recovery kit. She wants to put in hard copies of drivers’ licenses, credit cards, financial records, including bank and equity accounts. I think that all we need are account numbers, because the financial institutions will hold actual documentation in safer […]
Friday’s need-to-know money news
Today’s top story: How much you need to save every month to earn $60,000 a year in interest alone for retirement. Also in the news: 9 credit cards that provide travel insurance, how to turn your home into a moneymaker, and the easiest way to shop at warehouse clubs without a membership. How much you […]
Thursday’s need-to-know money news
Today’s top story: Recession fears and how to combat them in 2020. Also in the news: What to do if you’ve inherited a Roth IRA, which airline has the most valuable rewards, and get ready to file your 2019 taxes with this checklist. Recession Fears and How to Combat Them in 2020 Managing an increased […]