Dear Liz: I understand that money for children’s college education can be put in a bank account with a parent as the trustee under the theory (I suppose) that the child might make bad decisions. In my case, money that I had worked hard for was put into a custodial account and then used by […]
Recent Blog Posts
Q&A: Working past 70
Dear Liz: If I continue to work after 70, will Social Security taxes still be deducted from my check? I understand my benefits will cap out at 70, so why would I need to still pay into the fund? Answer: Because Social Security is insurance, not a bank account. And it may not be true […]
Friday’s need-to-know money news
Today’s top story: 5 ways to take command of military discounts. Also in the news: The best credit cards to use when buying airfare, Black Friday strategies that actually work, and how to spend your retirement savings without triggering a tax penalty. 5 Ways to Take Command of Military Discounts Thank you for your service. […]
Thursday’s need-to-know money news
Today’s top story: Speedier payment systems could curb your costs. Also in the news: Black Friday vs. Prime Day: How they stack up, 5 signs an online loan is a debt trap, and everything you need to know about your 2020 taxes. Speedier Payment Systems Could Curb Your Costs Real-time payments could save Americans billions. […]
Wednesday’s need-to-know money news
Today’s top story: 5 signs an online loan is a debt trap. Also in the news: 6 surprising sales to shop on Black Friday, secrets of a Black Friday shopper, and 5 common financial fears and how to conquer them. 5 Signs an Online Loan Is a Debt Trap Things to look out for. 6 […]
Tuesday’s need-to-know money news
Today’s top story: Should you use miles to book holiday travel? Also in the news: How one woman paid off $51K of debt, 4 times it actually makes sense to buy miles, and what to do first when you get a raise. Should You Use Miles to Book Holiday Travel? Good idea? Or waste of […]