Dear Liz: I am paying rent for my adult son in another state. He gets occasional help from various services, but if I don’t want him to sleep on the street, I have to pay his rent and send some emergency food. I don’t see this changing. Can I claim him as a dependent or […]
Recent Blog Posts
Q&A: How much risk is too much in retirement?
Dear Liz: If you have all your required obligations covered during retirement, is having 70% of your portfolio in equities too risky? Answer: Probably not, but a lot depends on your stomach. Retirees typically need a hefty dollop of stocks to preserve their purchasing power over a long retirement, with many planners recommending a 40% […]
Friday’s need-to-know money news
Today’s top story: 7 questions and answers about the fed rate hike. Also in the news: How to avoid the Social Security tax bubble, how the fed rate hike could affect your student loans, and how not to be tricked by retailers’ “regular prices.” Fed Rate Hike: 7 Questions (and Answers) What you need to […]
Let’s be careful out there
It’s going to be a zoo at the stores the next couple of days, the last full weekend before Christmas (next Sunday) and Hanukkah (which starts the night before). Plus, today is the last day for ground delivery from UPS and FedEx deliveries if you want your packages to arrive by Christmas. If you feel like the […]
Wednesday’s need-to-know money news
Today’s top story: NerdWallet’s 2016 American Household Credit Card Debt Study. Also in the news: The best places in American for first-time homebuyers, why Christmas loans are the coal in your financial stocking, and the best free online courses to help with your finances. 2016 American Household Credit Card Debt Study Creeping back up. Best […]
Tuesday’s need-to-know money news
Today’s top story: Tips to save more for retirement in 2017. Also in the news: Why the key to saving may be in your head, why skipping a payment at the holidays is a bad idea, and a guide to holiday tipping. Retirement Anxiety? 3 Tips to Save More in 2017 Starting the new year […]