Dear Liz: My mutual funds and IRA are mostly in stocks with very little in bonds. I’m thinking I should have more in bonds, but just don’t know how much I should transfer from the stock funds and which bond fund to pick. Are they all the same? Answer: Just as with stock funds, bond […]
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Friday’s need-to-know money news
Today’s top story: Is Bitcoin safe? Also in the news: How to buy better gifts with credit card rewards, must-have tools and tips for year-end retirement planning, and smart money lessons for kids that can last a lifetime. Is Bitcoin Safe? A roundtable debate. How to Buy Better Gifts With Credit Card Rewards Using your […]
Thursday’s need-to-know money news
Today’s top story: How not to go broke attending holiday parties. Also in the news: Self-taught financial advisers keep it real about money, how to determine if your taxes are going up, and how to spend your extra FSA money. You Don’t Have to Go Broke Attending Holiday Parties Having fun without breaking the bank. […]
Tuesday’s need-to-know money news
Today’s top story: How to live below your means without feeling deprived. Also in the news: How to dodge the drama of family loans, the launch of Apple Pay Cash, and using Social Security benefits to plan your retirement income. How to Live Below Your Means Without Feeling Deprived It doesn’t have to be a […]
Would a bank payday loan be any safer?
A “safer” payday loan sounds like an oxymoron. Critics have branded these notoriously high-cost loans as debt traps that cause borrowers to go ever deeper in the hole. Thanks to a recent regulatory change, it now may be possible for banks to offer small, short-term loans that could be a lot less dangerous for borrowers. […]
Q&A: How to avoid outliving your retirement savings
Dear Liz: The wife and I are both 65. We both work, with a combined income of $125,000, of which we spend almost all. We have $550,000 in IRAs and $1 million in other investments, plus home equity of about $500,000. We’ll get $3,800 from Social Security if we start next year but plan to […]