Dear Liz: I have contributed to Social Security for 40 years and have no government pension. My husband selected a reduced teacher’s pension so I would receive that same amount should he predecease me. Will my Social Security be reduced in this scenario? Answer: No. The provisions that may reduce Social Security payments such as […]
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Friday’s need-to-know money news
Today’s top story: How to gift stock to a new grad. Also in the news: Memorial Day weekend sales, what to do if you miss a financial goal, and why your 401(k) can be a cash drain. How to Gift Stock to a New Grad A gift for the future. Making a Major Purchase? Wait […]
Thursday’s need-to-know money news
Today’s top story: Why stock pickers usually don’t beat the market. Also in the news: travel bloggers spill savings secrets, how to help your teen use their summer job earnings wisely, and some welcome news about college tuition. 3 Reasons Most Stock Pickers Don’t Beat the Market A tough, tough job. Travel Bloggers Spill Savings […]
Wednesday’s need-to-know money news
Today’s top story: 7 tax tips for new college grads. Also in the news: Why many people don’t know the cost of bad credit, how to travel on the cheap, and the death of payday loans. 7 Tax Tips for New College Grads It’s a whole new tax world. How Costly Is Bad Credit? Many […]
‘Smart’ money moves that aren’t so smart
The odds of winning a lottery are infinitesimal. Yet inevitably, someone does. Inspired by the idea of a huge payoff, millions of people burn money on lottery tickets. The financial strategies below aren’t as much of a long shot as the lottery. More than a handful of people may actually benefit. But many who are […]
Tuesday’s need-to-know money news
Today’s top story: Budgeting for college students. Also in the news: What to do when the GI Bill won’t cover college, 6 ways to travel cheaply, and why frugal retirees are ditching the 4% rule and hoarding their savings instead. Budgeting for College Students: Where to Start You don’t have to live on ramen. What […]