Dear Liz: We will soon be selling our home and moving into an apartment until we purchase a new home. Our proceeds from the sale will be over $600,000. It seems that there is no place to safely put the funds and get some meaningful interest to boot. Savings accounts and money markets pay very […]
Recent Blog Posts
Q&A: Professional investment management fees
Dear Liz: I have an IRA with over $100,000 at a discount brokerage. I had it in a target date fund. Due to market downturns, I got nervous and was convinced to put my investment into the brokerage’s portfolio advisory services with additional fees coming to $1,600 per year. In general, is it wise to […]
Q&A: Annuities have indirect costs
Dear Liz: Thank for your right-on reply to the reader who claimed that fixed and indexed annuities were available at no cost to investors. I am so tired of hearing from agents and investors that their annuity is great and does not have fees! Answer: Insurance companies aren’t charities providing investments at no cost. They’re […]
Friday’s need-to-know money news
Today’s top story: How credit use affects credit scores. Also in the news: Starting a business if you have student debt, how one couple crushed their debt, and how budgeting doesn’t have to suck if you make it a habit. Virtual People, Real Lessons: How Card Use Affects Credit Score Meet Cora Condo and Rebuilding […]
Thursday’s need-to-know money news
Today’s top story: 6 late-filing tax mistakes you need to avoid. Also in the news: Why paying taxes by credit card probably isn’t a good idea, collection agencies are getting another shot at your back taxes, and filing a tax extension to buy more time. 6 Late-Filing Tax Mistakes You Need to Avoid Common mistakes […]
Wednesday’s need-to-know money news
Today’s top story: Can’t refinance student loans? Try these tactics. Also in the news: 10-word answers to your biggest car insurance questions, 5 foods that raise blood pressure – and life insurance rates, and 5 ways to save on preparing your taxes. Can’t Refinance Student Loans? Try These Tactics Looking at the alternatives. 10-Word Answers […]