Dear Liz: You’ve written about the potential financial flexibility and options for preserving quality of life for seniors by using a reverse mortgage line of credit. I believe there is a great need for much more cautionary advice regarding reverse mortgages. Someone I know entered into a reverse mortgage and the consequences have been disastrous. […]
Recent Blog Posts
Q&A: Credit freeze may be inconvenient, but it’s effective
Dear Liz: Is freezing one’s credit reports the safest bet even though it’s inconvenient to get it temporarily unfrozen? Plus you have to pay a fee. At my son’s urging, I had my credit reports frozen since the Equifax incident but I find it very inconvenient whenever some financial firms need to look into my […]
Friday’s need-to-know money news
Today’s top story: How your credit card can help you save on summer travel. Also in the news: 7 steps to save on hardwood flooring costs, how not to be a knucklehead on Venmo, and how to boost your benefits at work. How Your Credit Card Can Help You Save on Summer Travel Using credit […]
Thursday’s need-to-know money news
Today’s top story: One couple’s journey from debt to $1.5 million in savings. Also in the news: What to buy and skip in July, Whole Foods joins Amazon’s Prime Day, and how the lawsuits against student loan service Navient could affect you. One Couple’s Journey From Debt to $1.5 Million in Savings Communication is key. […]
Tuesday’s need-to-know money news
Today’s top story: Credit cards can give you a break on back-to-school purchases. Also in the news: How credit card perks can be your ticket to a cheaper vacation, 3 questions to help grow your retirement savings, and a nonprofit that will give you $1000 if you take personal finance classes. Credit Cards Can Give […]
How to profit from someone else’s financial mistake
Most of us have wasted money on ill-considered purchases or stuff we really couldn’t afford. As we get more financially savvy, that happens less often. But we can still profit from other people’s bad choices. People who prize the latest and greatest, for example, quickly need to upgrade to the next shiny thing. That leaves […]