Today’s top story: How a public adjuster can help with hurricane insurance claims. Also in the news: How to choose a student credit card, how millennials got a 6-figure start on retirement saving, and Equifax is waiving their credit-freeze fees. How to Choose a Student Credit Card Finding the right card for you. How a […]
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Tuesday’s need-to-know money news
Today’s top story: How 3 people conquered credit trouble and bought homes. Also in the news: Top 10 apps for buying the right car at the right time, biting on Whole Foods new prices, and 6 Equifax hack rumors fact-checked. How 3 People Conquered Credit Trouble and Bought Homes How to come back from credit […]
Predict ‘surprise’ bills, no crystal ball needed
It doesn’t take much to upend many Americans’ finances. A car that won’t start, a furnace that dies or a trip to the hospital can leave households struggling to make ends meet. According to the Federal Reserve, 44 percent of U.S. adults say they would have trouble coming up with $400 to cover an unexpected […]
Monday’s need-to-know money news
Today’s top story: Lock down your data right now after Equifax breach.Also in the news: Health insurers ease rules for Harvey Victims, protecting critical documents from disaster with a bug-out bag, and the credit move than can bump your score in 30 days. Lock Down Your Data After Equifax Breach — Right Now Immediately. Health […]
Q&A: Reverse mortgages have gotten safer and cheaper but aren’t for everyone
Dear Liz: I have been making interest-only payments on a home equity line of credit but starting in January the payments will increase to include principle. I would like to do a cash-out refinance of my first mortgage (I owe about $190,000) to pay off the HELOC (on which I owe $140,000). My home is worth […]
Q&A: Tax implications of parents paying off a child’s loans?
Dear Liz: My wife and I co-signed for student loans for our daughter. My daughter made payments on these loans since she graduated from college four years ago. My wife and I just paid off the loan balance, which was $22,000. Is our payment considered a gift to our daughter? Answer: Yes, but your gift […]