Dear Liz: I’m 60. Should I take a $50,000 distribution from my 401(k) to pay down my $146,000 parent Plus college loan and then try to refinance the balance with a private lender at a lower interest rate? I have $364,000 in my 401(k). I’m paying 8% interest on the parent Plus loan and planning […]
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Friday’s need-to-know money news
Today’s top story: Why you should ask your parents about their financial plans. Also in the news: Why you no longer need a chip-and-PIN card overseas, earning and burning your airline rewards to maximize free flights, and 1 in 4 millennials raiding 401(k)s early to pay down debt. Yes, You Should Ask Your Parents About […]
Thursday’s need-to-know money news
Today’s top story: 5 travel rewards myths that could cost you. Also in the news: 5 things to know about the Hilton Honors AmEx business card, what to know about SIMPLE IRAs, and how to manage household finances after your spouse dies. 5 Travel Rewards Myths That Could Cost You How to make the most […]
Wednesday’s need-to-know money news
Today’s top story: Your car-buying cheat sheet. Also in the news: How one couple made the switch to an online savings account, what to do if you need a tax extension, and 5 things to know about the Star Trek credit card. Your Car-Buying Cheat Sheet Don’t go to the dealership without it. How One […]
5 travel rewards myths that could cost you
Twenty-four years ago, I knew so little about travel rewards that I took an around-the-world trip without signing up for a single frequent traveler program. Those lost points and miles still haunt me. Fast forward to last summer, when our family stayed two nights at a luxury hotel in Venice, Italy. Our room would have […]
Monday’s need-to-know money news
Today’s top story: What really happens when you try to win money to pay down student loans. Also in the news: How to sidestep the potential pitfalls of travel credit cards, new Barclays feature gives you more spending control, and how to pay the exact amount of taxes you owe in advance. What Really Happens […]