Q&A: Medicare is complicated. Here’s how it works

Dear Liz: My husband and I are in our 50s and have widowed moms in their 80s. We always understood that when you begin taking Medicare, you are required to choose a plan such as SCAN or Blue Shield and to follow that plan’s benefits and limits. However, my friend who works in a hospital […]

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Thursday’s need-to-know money news

Today’s top story: How to negotiate your way to a richer life. Also in the news: 4 signs we’re in a housing market primed for regret, Medicare and CPAP supplies, and could your health or life insurance rates increase if you’re not vaccinated? How to Negotiate Your Way to a Richer Life Learning best practices […]

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Wednesday’s need-to-know money news

Today’s top story: Need a passport for a trip? Give yourself a big time cushion. Also in the news: How to avoid getting sick on a plane, what to buy (and skip) in September, and how to minimize credit damage from medical bills. Need a Passport for a Trip? Give Yourself a Big Time Cushion […]

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Tuesday’s need-to-know money news

Today’s top story: 4 ways to manage retirement health care costs. Also in the news: 6 ways to budget using your bank account, how to save money with Amazon and Walmart prescription discounts, and how much money you need to live on your own, in each state. 4 Ways to Manage Retirement Health Care Costs […]

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How to negotiate your way to a richer life

Negotiating is an important personal finance skill that can help you earn more and pay less. Whether you’re discussing a job offer, dickering at a car dealership or just trying to work out a budget with your significant other, the ability to bargain effectively can have a huge impact. You don’t have to be a […]

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Monday’s need-to-know money news

Today’s top story: 5 ways to rein in impulse spending. Also in the news: A new episode of the Smart Money podcast on lifestyle creep and booking cheap travel, 4 business financial metrics to track performance, and 8 other things your digital wallet can do for you. 5 Ways to Rein In Impulse Spending Get […]

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Q&A: About spousal and survivor benefits

Dear Liz: I am 82 and receive $786 from Social Security. My wife is 75 and receives $1,400 from Social Security. I believe you said that a lower beneficiary could get the same amount as the higher beneficiary. When I contacted Social Security, I was informed that my benefit needed to be less than half […]

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Q&A: Giving executors account access

Dear Liz: We are trying to leave our affairs in order for our executors. (Pity them. We have accounts and substantial assets in England and Canada as well as the U.S.!) Thinking of some immediate expenses they will have, I’ve documented details of how to access our accounts online (passwords coded in a way that […]

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Q&A: How a 529 plan can help with education loans after graduation

Dear Liz: I have a 529 plan for my niece who has now graduated from college. She has student loan debt and would like to use the money left in the 529 account to pay this debt. Is this allowable without incurring penalties? Answer: Yes, up to $10,000. The Setting Every Community Up for Retirement […]

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Thursday’s need-to-know money news

Today’s top story: 6 ways to budget using your bank account. Also in the news: Checking your finances now to avoid falling behind, how video games can level up kids’ money skills, and four questions to ask yourself before any big purchase. 6 Ways to Budget Using Your Bank Account Your bank account can do […]

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