Dear Liz: I have very low net worth and just inherited $500,000 from a cousin’s annuity. My net worth includes a $400,000 house with a $290,000 mortgage at 3.75%, IRA accounts of $65,000 and savings of $90,000. I also have a pension from which I receive $50,000 annually and from which our health insurance is […]
Recent Blog Posts
Q&A: Avoiding Medicare sign-up penalties
Dear Liz: Someone recently asked you if signing up for Medicare is mandatory. Your answer implied no, one does not have to sign up at 65. However, it is my understanding that if a person does not enroll when first eligible, they will be hit with large penalties on their Medicare premiums if they sign […]
Friday’s need-to-know money news
Today’s top story: Decode your credit card’s fine print like a pro. Also in the news: How to turn your upside-down car loan right-side up, a handy trick to help you save more for your next vacation, and what to do if your credit score drops. Decode Your Credit Card’s Fine Print Like a Pro […]
Thursday’s need-to-know money news
Today’s top story: Moving to escape taxes? Make sure it’s a clean break. Also in the news: 4 smart ways to split bills with friends while traveling abroad, 5 auto-buying tips from a former undercover car salesman, and 7 tips for becoming an ethical shopper. Moving to Escape Taxes? Make Sure It’s a Clean Break […]
Wednesday’s need-to-know money news
Today’s top story: What to do if you lose your credit card. Also in the news: Chime and Varo launch free programs to pay account overdrafts, half of student loan borrowers fear they’ll be in debt forever, and why you should never spend the money a bank accidentally deposits into your account. What to Do […]
Tuesday’s need-to-know money news
Today’s top story: How to make living in a new place a reality. Also in the news: How one couple paid off $300k of debt in three years, what workers can learn from retirees’ regrets, and the average FICO score hits an all-time high. Dreaming of Living in a New Place? Here’s How to Make […]