Today’s top story: 5 essential investing moves for Millennials. Also in the news: Why your tax refund is ideal for paying credit card debt, how to make sure retirement isn’t a drag, and why you need to do your homework before meeting with a financial advisor. 5 Essential Investing Moves for Millennials Planning for the […]
Recent Blog Posts
Q&A: The new reverse mortgage is safer but still expensive
Dear Liz: If you have never written about the new reverse mortgages, please consider it. I’m nearly 90 and this Home Equity Conversion Mortgage sounds too good to be true. Is it? I’ve talked to a broker and a direct lender and attended a two-hour seminar on the subject. Answer: Reverse mortgages once deserved their […]
Q&A: More solutions for avoiding probate
Dear Liz: I’m wondering why, in your answer about whether to use a will or a living trust, you didn’t mention that probate can be avoided by using beneficiaries for assets such as mutual funds and brokerage accounts and now, in many states, homes. This seems quite relevant to the question and the gist of […]
Q&A: When a living trust can save money
Dear Liz: Here’s another advantage to a living trust. If the person owns real estate in more than one jurisdiction and just uses a will, there will be a probate in the resident jurisdiction and ancillary probates the other location or locations, with the attendant time, costs and delays — all of which could be […]
Friday’s need-to-know money news
Today’s top story: Know your rights if the IRS breaks the rules. Also in the news: How to avoid an early withdrawal penalty on a CD, could Amazon Go change the way we shop, and how much community college students save by state. Know Your Rights if the IRS Breaks the Rules You can fight […]
Thursday’s need-to-know money news
Today’s top story: 5 ways to boost your chances of a mortgage preapproval. Also in the news: How to get free tax help from a human being, introducing Mom and Dad to mobile banking, and the most expensive mistakes we made for love. 5 Ways to Boost Your Chances of a Mortgage Preapproval Increasing your […]