The millions of Americans who haven’t saved enough money for retirement still have a potential safety net: their home equity. But recent changes to reverse mortgages mean seniors and their families may have tougher decisions to make. In my latest for the Associated Press, the changes to reverse mortgages that are causing people to think […]
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Tuesday’s need-to-know money news
Today’s top story: Straightforward answers to your Roth IRA questions. Also in the news: Disney vacation pros share budgeting tips for trips, how to jumpstart your financial plan by ditching this phrase, and what to ask yourself before dipping into your emergency fund. 7 Straightforward Answers to Your Roth IRA Questions Everything you need to […]
Monday’s need-to-know money news
Today’s top story: 6 tricks to kick credit card debt quicker. Also in the news: Why Millennials are good at saving but not investing, how to make Fed rate hikes work for you, and what Toys R Us closing means for shoppers. 6 Tricks to Kick Credit Card Debt Quicker It doesn’t have to feel […]
Q&A: Here are some tips for getting more retirement money into accounts with tax advantages
Dear Liz: My wife and I are about 35. I’m self-employed and contribute to a SEP IRA. My wife contributes to a workplace retirement plan. We don’t qualify to contribute to Roth IRAs. In order to get more money into retirement accounts, would you recommend doing back-door Roth contributions? What else is there to do […]
Q&A: Identify the goal for rolled-over account
Dear Liz: I retired from civil service in 2014. Upon retirement, I requested that my Roth IRA funds be sent to a bank. The funds have been earning 0.6% interest. Is it possible to move the funds to another bank or elsewhere to earn a higher rate? Or, should I leave the funds at the […]
Friday’s need-to-know money news
Today’s top story: How to maximize your Priority Pass Select. Also in the news: Tap your credit cards for spring break savings, how to avoid a spring break money hangover, and why the death of the fiduciary rule is bad news for your retirement. How to Maximize Your Priority Pass Select Membership Getting the most […]