If the Social Security Administration thinks you’re dead, you might wish you were. People who accidentally wind up on the agency’s Death Master File have seen their bank accounts frozen, credit cards closed, health insurance cut off and benefit payments canceled or even pulled back from checking accounts. One California man told me his 97-year-old […]
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Monday’s need-to-know money news
Today’s top story: Frightening types of 401(k) fees. Also in the news: It’s time for open enrollment, how to avoid bringing zombie debt back from the grave, and the staggering amount of money behind all things pumpkin. 3 Frightening Types of 401(k) Fees The dark side of retirement funds. Nov. 1 Means It’s Time for […]
Q&A: ‘Stay at home’ credit card isn’t foolproof
Dear Liz: Regarding updating automatic payments when a credit card is replaced, I have found that using a separate credit card that never leaves home for automatic payments is a good idea. It’s very unlikely that this “stay at home” card would get hacked like a card I use in stores or ATMs. Does this […]
Q&A: Financial help for seniors
Dear Liz: In your response to the person whose friend was erroneously declared deceased by the Social Security Administration, you suggest that the older person consider finding help in managing her finances. Please recommend checking the American Assn. of Daily Money Managers for such help. I have a certification from this professional organization and we […]
Q&A: Fixing your credit scores after a bankruptcy
Dear Liz: How do you repair credit scores after filing for bankruptcy? My husband and I are in this situation and are looking to reestablish credit and increase our credit scores. Also, how long do closed accounts appear on the credit report? Answer: Filing for bankruptcy may have actually helped your scores. Researchers at the […]
Friday’s need-to-know money news
Today’s top story: Careers that can help you conquer your student debt faster. Also in the news: What a good credit card company will offer people with bad credit, how to pay for bankruptcy when you’re broke, and five apps that automate your money. Some Careers Can Help You Conquer Student Debt Faster Kissing your […]