Today’s top story: How to decide between investing or paying off your mortgage. Also in the news: Using payment apps in college, what you need to know about FHA mortgage insurance, and how to calculate how much an equity offer is worth in salary. Invest or Pay Off Your Mortgage? How to Decide Which is […]
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Wednesday’s need-to-know money news
Today’s top story: Brace yourself for higher car insurance rates. Also in the news: Making biweekly mortgage payments, paying down debt with extra payments, and the two stressful views about money half of millennials share. Brace Yourself for Higher Car Insurance Rates Why rates continue to climb. Should You Make Biweekly Mortgage Payments? What you […]
Stop counting other people’s money
Your neighbor pulls up in a sweet new ride. Your co-worker announces she’s taking yet another trip abroad. Your best friend upgrades to a bigger house in a better area of town. You’re pretty sure these people don’t make a lot more than you do. So how are they able to spend that kind of […]
Tuesday’s need-to-know money news
Today’s top story: Online banks give consumers more options. Also in the news: How to end your car lease without getting dinged, how money-managing robots will know if you’re mad or glad, and for millennials, there’s no place like home when it’s time to save for one. Online Banks Give Consumers More Options The benefits […]
Monday’s need-to-know money news
Today’s top story: 3 credit card alerts worth setting up now. Also in the news: Why you shouldn’t necessarily max out your 401(k), how your social media apps want to help you send money, and what you should know about cryptocurrency. 3 Credit Card Alerts Worth Setting Up Now Handling your cards more responsibly. You […]
Q&A: My 401(k) is making only 2-3%, so why not borrow from it and pay it back at 5%?
Dear Liz: You have warned in the past about the risks of a 401(k) loan. I have been investing now for 15 years, and the last 14 years, my average return has been between 2% and 3%. I am considered moderately aggressive in my choices of international (24%), large and small cap (52%), midcap (16%) […]