Women who retire when their husbands do may be giving up more wealth than they realize. Married women overall are still in their peak earning years in their 50s and early 60s, while married men’s earnings are on the decline, says economist Nicole Maestas, an associate professor of health care policy at Harvard Medical School […]
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Monday’s need-to-know money news
Today’s top story: What really matters with your first credit card. Also in the news: Having more than one life insurance policy, getting a safe mortgage using these post-crisis tips, and questions to ask yourself to live a better financial life. What Really Matters With Your First Credit Card The new foundation of your credit […]
Q&A: Rebalancing your portfolio can trigger tax bills
Dear Liz: Is there a tax aspect to rebalancing your portfolio? You’ve mentioned the importance of rebalancing regularly to reduce risk. Answer: Rebalancing is basically the process of adjusting your portfolio back to a target asset allocation, or mix of stocks, bonds and cash. When stocks have been climbing, you can wind up with too […]
Q&A: Feedback on a wedding conundrum
Dear Liz: You recently answered a writer whose fiancee was facing medical debts and other financial concerns. I was surprised you didn’t address the expected cost of their wedding, which the writer said was $5,600. Although that seems quite modest compared with the average wedding these days, it’s still $5,600 that could go to other […]
Friday’s need-to-know money news
Today’s top story: What really matters with your first credit card. Also in the news: Getting a safer mortgage using lessons from 2008, what to do if Hurricane Florence hits your home and/or mortgage, and how to help Hurricane Florence victims. What Really Matters With Your First Credit Card Starting off strong. Get a Safer […]
Thursday’s need-to-know money news
Today’s top story: 4 quick financial wins you can score in an hour. Also in the news: Why getting a mortgage may be easier now – and riskier, how to protect your savings from inflation, and why trip insurance may not help if Hurricane Florence ruins your cruise. Got an Hour? Chalk Up 4 Quick […]