Today’s top story: Why your newborn doesn’t need to be on your credit card account. Also in the news: Why paying more tax today could be your best AMT strategy, common retirement mistakes seen by financial planners, and how credit card minimum payments are meant to keep you in debt forever. No, Your Newborn Doesn’t […]
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Tuesday’s need-to-know money news
Today’s top story: 5 must-know facts about Obamacare open enrollment. Also in the news: Why it’s getting harder to spot counterfeit cash, financial conversations you should have during the holidays, and how to host your first Thanksgiving without going broke. 5 Must-Know Facts About Obamacare Open Enrollment Be informed before signing up. Why It’s Getting […]
8 steps to financial security
Financial security isn’t a number or a threshold. It has to do with what you spend, and save, relative to your income. Nothing proves that quite like research on millionaires by wealth management firm UBS. Sixty percent of those with more than $5 million defined themselves as wealthy, compared with 28 percent of those worth […]
Monday’s need-to-know money news
Today’s top story: How to choose the right amount for your FSA in 2017. Also in the news: The best and worst airports for holiday travel, the pros and cons of free money from a bank, and how long it will take to retire based on your spending. How to Choose the Right Amount for […]
Q&A: How to evaluate consumer options and not get cheated
Dear Liz: Although I’m able to pay my bills, it’s the decisions regarding cable, telephone, Internet and various insurance options that drive me nuts! I’ve tried to seek out independent groups that discuss such issues, but none exists in my area; and these decisions are not covered by my financial planner, nor do I wish […]
Q&A: Social Security calculators may overestimate your benefits
Dear Liz: All of the Social Security calculators that I have found assume that you will work until you start drawing Social Security benefits. However, I plan on retiring around 62 but not drawing my benefits until age 66 or later. Whenever I calculate my future benefits, the calculator assumes that I will continue to […]