Q&A: Retirement annuity vs lump sum

Dear Liz: I am 54 and considering retiring in three or four years. I have been fortunate to work at a Fortune 100 company for 30-plus years and have both a defined benefit pension plan and a 401(k). When I retire, we have the option of taking a lump sum or an annuity. Most financial […]

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Monday’s need-to-know money news

Today’s top story: It’s time to stop ignoring your finances. Also in the news: The best ways to invest in real estate, how to get help for financially assisting your parents, and how you can get rewarded for saving money. How to Stop Ignoring Your Finances You can’t keep ignoring the elephant in the room. […]

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What’s wrong with Disneyland Paris

We decided to visit Disney’s European theme park just a few days before we were scheduled to leave France. We aren’t diehard Disney fans, but we had annual passes when our daughter was younger and thought it might be fun to see how the park outside Paris compared with the ones in Anaheim and Orlando. […]

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Friday’s need-to-know money news

Today’s top story: Social Security is in better shape than originally though. Also in the news: how to reduce your monthly expenses by having a “bill haggle day”, personal finance tips for recent college grads, and why you may want to wait before upgrading your cell phone. 4 Reasons Not to Panic About Social Security’s […]

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The lines at the Louvre: 3 ways to have a better time in Paris

One thing that’s impossible to understand, no matter how many times we visit Paris: the long lines to get into the Louvre. It’s not that the place isn’t amazing and an absolute must see. It’s that you can skip the lines simply by buying a Paris museum pass. Even if you’re not big on museums, […]

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Thursday’s need-to-know money news

Today’s top story: Why you should start your holiday shopping immediately. Also in the news: Having the money talk before your kids head to college, ten ways to untangle your finances, and myths first time home buyers shouldn’t fall for. Why You Should Start Your Holiday Shopping Now It’s never too early! Kid going to […]

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Wednesday’s need-to-know money news

Today’s top story: What to do when your aging parents need financial help. Also in the news: three things homebuyers should know, but don’t, how to revive your New Year’s financial resolutions, and five things to ask an investment adviser before you turn over your money. When Aging Parents Need Financial Help How to deal […]

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Tuesday’s need-to-know money news

Today’s top story: six steps to building a bullet proof retirement portfolio. Also in the news: what your everyday expenses actually cost you, what you shouldn’t buy at a dollar store, and how to use Pinterest to map out your budget. 6 steps to a bulletproof retirement portfolio How to get the ball rolling. Take […]

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Monday’s need-to-know money news

Today’s top story: How to keep your energy costs down during summer’s hottest weeks. Also in the news: Why paying rent with a credit card could be a good thing, five signs of a financially needy friend, and lifehacks that’ll help you save money. 6 Ways to Beat the Heat Without Making Your Wallet Sweat […]

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Q&A: Maximizing retirement benefits

Dear Liz: I don’t know where to turn. My husband is 76. He has a federal government pension and collects Social Security but he has only a $17,000 life insurance policy. We still have a $229,000 mortgage and no savings other than my small 401(k). I am 59 and also a federal worker. Do you […]

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