Dear Liz: My husband’s brother had a stroke and is now incapacitated. My husband needs to take over his finances. The bank will not accept the durable power of attorney that they set up 14 years ago because it is “too old.” Another bank asked me if it was set up less than six months […]
Recent Blog Posts
Q&A: When to merge 401(k) accounts
Dear Liz: I have $640,000 in a previous employer’s 401(k) and $100,000 in my new employer’s plan. Do you recommend I merge the two? Both funds offer similar investment options. My only motivation is based on simplifying paperwork during retirement, although there may be other advantages I am not aware of. Answer: The choice of […]
Q&A: Many factors go into rental choice
Dear Liz: You recently answered a reader who didn’t want to keep and rent out the home she inherited with her brother. You mentioned that if he refused to buy her out, she could go to court to force a sale. Another option is to hire a property management company to provide a buffer between […]
Friday’s need-to-know money news
Today’s top story: Shopping or skipping Black Friday. Also in the news: Notes from a disabled traveler, how to save money on a cross-country road trip, and how to locate the investment fees you’re paying. Black Friday: Shop It or Skip It? The pros and cons. What I’ve Learned as a Disabled Traveler Flexibility is […]
Thursday’s need-to-know money news
Today’s top story: 5 tax tips for military members and veterans. Also in the news: How to save $500, how Black Friday prices stack up, and what student loan debt does to people. 5 Tax Tips for Military Members and Veterans Tracking your expenses. How to Save $500 Every bit helps. How Do Black Friday […]
Wednesday’s need-to-know money news
Today’s top story: Don’t leave credit card rewards on the table when dining out. Also in the news: How to move forward after a financial setback, the best Black Friday TV deals, and when to opt out of the target-date funds in your 401(k). Dining Out? Don’t Leave Credit Card Rewards on the Table Earning […]