Today’s top story: How one family paid off $130,000 of debt in less than four years. Also in the news: The pros and cons of cash-out refinancing, the sneaky ways burnout hurts your bottom line, and how to not let your vet bill dog you forever. How I Ditched Debt: Little Splurges on the Path […]
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Monday’s need-to-know money news
Today’s top story: SmartMoney podcast on how to pay off debt faster. Also in the news: What to expect when requesting a credit limit increase, why you should always pay in local currency when traveling, and 10 money mistakes millennials should avoid. SmartMoney podcast: ‘How Can I Pay Off My Debt Faster?’ Tips from the […]
Q&A: Don’t keep a mortgage just for the tax deduction
Dear Liz: Does the new tax law, with its increased standard deduction, change the calculus of maintaining my mortgage? I owe about $250,000 at 3.25% on a 30-year mortgage. I no longer itemize, so I don’t get the benefit of the tax deduction for the interest. My payments are about $1,500 a month, but I […]
Q&A: If long-term care insurance costs too much, you have a choice to make
Dear Liz: We were told to buy long-term care insurance early because waiting too long would make it more expensive and perhaps unavailable. I bought mine when I was 55. At the time, it was $2,400 a year. Unfortunately, the premiums just kept going up. I am now 77, and the premium this year was […]
Friday’s need-to-know money news
Today’s top story: 4 things to do if your package arrives damaged. Also in the news: How to make the income you earn after 65 work for you, the U.S. cities with the highest job growth and wage increases in September, and a reminder to fill out the FAFSA ASAP if you want federal student […]
Thursday’s need-to-know money news
Today’s top story: Writing a will? How to stop stalling and get it done. Also in the news: Hidden financing traps in car shopping, how to protect yourself in the Words with Friends data breach, and the big wedding expense nearly half of married couples regret. Writing a Will? How to Stop Stalling and Get […]