Blogger John Schmoll’s father left a financial mess when he died: a house that was worth far less than the mortgage, credit card bills in excess of $20,000_and debt collector s who insisted the son was legally obligated to pay what his father owed. Fortunately, Schmoll knew better. “I’ve been working in financial services for […]
Recent Blog Posts
Tuesday’s need-to-know money news
Today’s top story: How to guard your cash from debit card fraud. Also in the news: How good credit can open doors when renting your first apartment, how to prepare for the inevitable stock market crash, and when to write up a financial agreement with your partner. Debit Card Fraud Still Rising; Here’s How to […]
Monday’s need-to-know money news
Today’s top story: 4 good ways to put your tax refund to work. Also in the news: 4 wats to speed up your tax refund, how 3 students got an education on the cheap, and Amazon may be getting into the banking business. 4 Good Ways to Put Your Tax Refund to Work Use your […]
Q&A: You may be good with money, but if sister didn’t ask your opinion, butt out
Dear Liz: My sister and her husband are in their 80s. They are not in the greatest health but still able to live on their own. They’ve had some bad luck financially in the past. Last year they decided to convert part of their property to serve as a short-term rental. I questioned the advisability […]
Q&A: When to consider creating a trust
Dear Liz: You’ve written about trusts recently, but I’m confused. What are the benefits of creating a trust and putting all of your assets in it? Does it make sense for someone in their 30s and without any major assets, such as a house, to create a trust? Will I need to create a new […]
Friday’s need-to-know money news
Today’s top story: How to throw a blockbuster Oscar bash on an indie budget. Also in the news: Checking out your hotel room for safety, the stock market is back on the roller coaster, and why paper bank statements aren’t done just yet. Throw a Blockbuster Oscars Bash on an Indie Budget The award for […]