Wednesday’s need-to-know money news

Today’s top story: The biggest mistakes you can make while banking online. Also in the news: Making tax time easier, the single best thing you can do for your financial wellbeing, and how debt can wreck your retirement. The 5 Biggest Mistakes You Can Make Banking Online Small mistakes can result in big consequences. Tips […]

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Is Your Tax Refund Safe?

Your tax refund may take a few days longer to land in your bank account this year. That’s because criminals from around the world are determined to get to it first. “Our systems are attacked about a million times a week,” IRS Commissioner John Koskinen says. “These are Russian syndicates, Chinese. … They’re coming from […]

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Tuesday’s need-to-know money news

Today’s top story: How to prevent identity theft. Also in the news: The costs that are often overlooked when deciding to rent or buy, reasons to file a tax extension, and how you’re using your credit card incorrectly. How to Prevent Identity Theft Staying one step ahead. The Major Costs People Often Overlook When Deciding […]

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Q&A: Cashing out an IRA to pay off credit card debt

Dear Liz: I owe about $49,000 on my credit cards and now have the money to pay them off in full. Should I? Or should I slowly pay them in large amounts? Answer: There’s typically no reason to delay paying off credit card debt. Carrying balances costs you money and doesn’t help your credit scores. […]

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Q&A: Tax break for helping out son

Dear Liz: Our son bought a house and lost his job two months after the purchase. We have helped him stay afloat. Thankfully he has a new job. We don’t expect to get the money back — he is still trying to get out from under — but we have given him close to $10,000. […]

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Q&A: Taking Social Security at 70

Dear Liz: My husband will be turning 70 in August. Must he start taking Social Security at 70 or can he wait a little longer? He will still be earning money and if I understand correctly that will lower the amount he will receive. Does he have to do anything like apply for it or […]

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Q&A: Financial benefits of marriage

Dear Liz: My registered domestic partner and I are both 64. We have similar incomes, similar 401(k) accounts and own a home together. We plan on retiring at 66, at which time we will also get similar Social Security benefits. We are each other’s beneficiary on all insurance, accounts, etc. My question: Now that the […]

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Monday’s need-to-know money news

Today’s top story: What retirees need to know about the new Social Security deadline. Also in the news: States with no income tax, tax breaks for getting older, and why you need an “Armageddon Fund.” What Retirees Need to Know About the New Social Security Deadline Consider your options carefully. U.S. States With No Income […]

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Friday’s need-to-know money news

Today’s top story: The best credit card tips for March. Also in the news: Two smart paths for student loan borrowers, a 401(k) mistake to avoid, and how to get a tax deduction for supporting your child’s school. NerdWallet’s Best Credit Card Tips for March 2016 Head into spring by maximizing your rewards. The Road […]

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Who’s giving crooks your tax information? Could be your preparer–or your boss

The IRS is reporting a 400 percent increase this year in malware and phishing scams as crooks try to get their hands on your tax data. Some of the scams target tax preparers, with emails that try to fool them into downloading bogus client documents or clicking on supposed links to the IRS. And some […]

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