This week’s top story: Should you use your home or car as collateral for a credit card? In other news: 5 financial new year’s resolutions for 2024, airline that has been the most reliable in 2023, and to cash a check at any bank or check-cashing service. Should You Use Your Home or Car as Collateral for […]
Recent Blog Posts
Q&A: Distributing funds from inherited IRAs
Dear Liz: You have referenced the relatively new 10-year rule that sets a deadline for distributing money out of an inherited IRA. You mentioned that surviving spouses are one exception to that rule. Aren’t there others? Answer: Yes. The 10-year rule applies to IRAs of those who die after Dec. 31, 2019. Most non-spouse inheritors must empty an inherited […]
Q&A: What is a ‘qualified higher education expense’ for 529 college savings plans?
Dear Liz: We are tapping our child’s 529 college savings plan for the first time and are confused on what qualifies as a “qualified higher education expense.” Obviously tuition counts, but what about other fees, such as student body fees, health insurance coverage and tuition insurance? We’re also trying to figure out how much we can withdraw to […]
Q&A: Claiming Social Security benefits
Dear Liz: My husband turned 70 this past May and waited until then to take his Social Security. I am 61 and will qualify for a benefit based on my work history, although my benefit is substantially less than his. I understand I can take half of his benefit at my full retirement age of 67. […]
More retailers are charging return fees. Here’s how to pay less
If you’re someone who likes to return and exchange gifts after the holidays, prepare yourself: Making returns could feel a little different this year. “It’s going to be hard for consumers to navigate,” says shopping expert Trae Bodge. “The return policies are all over the place.” The biggest change, she adds, is that more retailers […]
This week’s money news
This week’s top story: How to overcome the challenges buying a house in 2024. In other news: How to put a ting on it and save for a house, too, what documents to protect and how if a disaster strikes, and how the Fed affected your savings account in ’23 and what’s next. Buying a House […]