Long ago, people were rewarded for saving. Banks contributed something known as “interest” to the amounts deposited in savings accounts. OK, technically they still do, but you’d be forgiven for not noticing the tiny amounts added in a low-rate environment. The current average interest rate on savings accounts is 0.06 percent. Anemic rates may not […]
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Wednesday’s need-to-know money news
Today’s top story: How to max out your Roth IRA in 2018. Also in the news: Why smarter cars aren’t saving us money on car insurance, 4 tax breaks that could help those caring for elderly parents, and 5 money moves that will help you retire early. How to Max Out Your Roth IRA in […]
Tuesday’s need-to-know money news
Today’s top story: The 4 best times to file taxes. Also in the news: What’s different in this year’s tax filings, 5 traits shared by the best financial planners, and could this be the year to buy a house? The 4 Best Times to File Taxes Never Mind Tax Reform — What’s Different When I […]
Monday’s need-to-know money news
Today’s top story: 3 ways to invest in your career this week. Also in the news: How to pick stock investments, checking accounts for seniors, and using your emergency savings to pay off credit card debt. 3 Ways to Invest in Your Career This Week Give your career a boost. How to Pick Stock Investments […]
Q&A: Get your credit score ready for the home-buying process
Dear Liz: What score do you need to be approved for a mortgage? Is 520 even close? If not, how do I get that score higher quickly? Answer: A score of 520 on the usual 300-to-850 FICO scale is pretty bad. Theoretically, you might be able to get a mortgage if you can make a […]
Q&A: Ease identity theft fear by checking your credit report
Dear Liz: I am suddenly receiving junk mail addressed to my estranged brother at my house. I’ve been in this house for 15 years and have never before gotten mail addressed to him. Is it possible he applied for credit or something similar using my address? He has always had money issues. Answer: It’s more […]