Dear Liz: I am 85 and my wife is 76. We have a house free of mortgage worth about $1 million. We have market investments above $4 million and life insurance of $1 million. We do not have a trust, just a will. Our financial advisor says that we do not need a trust because […]
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Q&A: Building an emergency fund beats out building credit
Dear Liz: I am trying to raise my credit scores, which are very low. I have one negative mark on my account from a paid collection and I just got my first secured credit card. I have a bit of extra money right now and I’m wondering what’s the best way to use it to […]
Friday’s need-to-know money news
Today’s top story: 2018 US Olympians open up about their money struggles. Also in the news: Tax forms to know about before filing your return, how to keep your tax preparer from hating you, and 10 cities where taxpayers receive the fattest refund checks. 2018 US Olympians Open Up About Money Struggles Star athletes paid […]
Thursday’s need-to-know money news
Today’s top story: Why many consumers still #BankBlack. Also in the news: 3 reasons to choose a credit card over debit, how and why to use the Equifax free credit lock app, and how to review and dispute the salary data Equifax collects on you. Here’s Why Many Still #BankBlack, Despite Fewer Options Providing needed […]
Wednesday’s need-to-know money news
Today’s top story: Why couples need their own slush fund. Also in the news: 5 signs it’s time to break up with your financial advisor, easy home touch-ups to bring in more buyers, and the dark reason so many millennials are miserable and broke. Why Couples Need Their Own Slush Funds Separate doesn’t have to […]
You can do your own estate plan, but should you?
Estate planning mistakes can be expensive to fix — that is, when they can be fixed at all. That’s the thought that haunts New York attorney Mari Galvin whether she’s creating an estate plan for a client or confronting the aftermath when people didn’t properly plan. “People think, ‘Oh, I have a simple life,’ but […]