Dear Liz: I am 80 and I have a substantial amount of credit card debt, approximately $30,000. What becomes of this credit card debt in the event of my death? Will it become a future liability for my two sons or will this eventually become a bad debt for the credit card company? I would […]
Recent Blog Posts
Q&A: Spouse balks at wife’s franchise-financing scheme
Dear Liz: My wife has an MBA and essentially has been a homemaker due to having a disabled child. She would like to go back to work and has asked me to cosign a $1.5-million loan to buy a franchise. In addition, she would like to use all the savings we have —$140,000 — for […]
Monday’s need-to-know money news
Today’s top story: How your credit score affects your mortgage rate. Also in the news: Why free shipping isn’t always free, how people are feeling about chip credit cards, and the four personal finance questions you need to ask yourself before retiring. How Your Credit Score Affects Your Mortgage Rate Borrowing at higher rates. Why […]
Friday’s need-to-know money news
Today’s top story: How to teach your kids about money. Also in the news: How money market accounts could drag down your retirement, how to deal when your student loans are more than your yearly income, and why you should start thinking about your taxes immediately. 3 Ways to Teach Kids About Money Raising financially […]
Thursday’s need-to-know money news
Today’s top story: How to tell if that IRS tax collection call is fake. Also in the news: Strategies to maximize your child’s financial aid eligibility, how to lower your cell phone bill, and how to prevent a divorce from ruining your finances. 7 Ways to Tell If That IRS Tax Collections Call Is Fake […]
Your Money Secrets Are Killing You
Writer Neal Gabler broke the don’t-talk-about-money taboo this spring with an Atlantic article, “The Secret Shame of Middle-Class Americans.” Now he wants everyone to start talking. “The idea of not being successful financially in America is such a stigma,” says Gabler, who revealed in the article that he was among the millions of adults who […]