Get smart with your money
One of the most frustrating things about money is that progress may not be permanent. But it’s still progress—if you keep going. Here’s what I mean. Say you make a goal to boost your emergency fund. You manage to save a few hundred bucks—and then your car breaks down, or you get a speeding ticket, […]
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Dear Liz: I am closing a business deal that will net me just under $1 million. I have an interest-only loan on my home, two car loans and credit-card debt. My plan was to “clear the plate” and pay everything off, leaving me about $175,000. I am not worried about getting into further debt, as […]
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Dear Liz: I’m 64 and retired on a Social Security income of $10,000. My wife is also 64 and is still working, earning $91,000 a year. She contributes $13,000 to a 401(k). Can both of us also contribute the maximum $6,000 to our IRAs? Answer: Since your wife has earned income, you both can contribute […]
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Dear Liz: About six months ago a debt collection agency started contacting me, by phone and the occasional letter, claiming that I have a past debt of about $20,000 that I owe to a bank card. I have never heard of this particular card or bank. I keep very accurate files, and I do not […]
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