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 […]
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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 […]
Wednesday’s need-to-know money news
Today’s top story: Is Premium Economy airfare worth the money? Also in the news: 6 common retirement mistakes and the simple solution to all of them, credit cards that go beyond rewards to cover travel costs, and how to protect your finances if you’re worried about a recession. Is Premium Economy Airfare Worth the Money? […]
Tuesday’s need-to-know money news
Today’s top story: Be first in line for college aid by filing the FAFSA now. Also in the news: What to expect when requesting a credit line increase, four ways to supplement your college financial aid, and preparing your finances for the holidays. Be First in Line for College Aid by Filing the FAFSA Now […]