Today’s top story: How to handle “expired” debt. Also in the news: Ways to avoid a disclosure catastrophe after closing on your new home, why your small business should have its own credit score, and why you should skip the extended warranty and save the money instead. How to Handle Time-Barred Debt Beware of “zobmie […]
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Tuesday’s need-to-know money news
Today’s top story: The high cost of being unbanked. Also in the news: What you need to ask when choosing a mortgage broker, how getting a car loan can affect your credit, and how your Facebook account can ruin your finances. The Cost of Being Unbanked: Hundreds of Dollars a Year, Always One Step Behind […]
Money Lessons That Actually Stick
Efforts to make us smarter about money don’t seem to be working. A Harvard Business School study found personal finance classes taught in high school had no effect on “financial outcomes,” such as how much people saved or how likely they were to miss payments on debt. A report for Management Science found that even […]
Monday’s need-to-know money news
Today’s top story: How to decide if you need travel insurance. Also in the news: Steps to take if you didn’t get enough financial aid, why not being in debt is better than having awesome credit, and 4 things you should know about health savings accounts. When Do You Need Travel Insurance? Protecting yourself and […]
Q&A: How to avoid hiring a Madoff-like financial advisor
Dear Liz: What is the best way to pick a financial advisor to make sure they don’t make off with all your retirement money? I don’t want Bernie Madoff handling my retirement savings. Answer: Even if you turn over day-to-day investment decisions to an advisor, you should make sure your money is invested at an independent […]
Q&A: Guaranteed income in retirement
Dear Liz: Is there such a thing as guaranteed income in retirement? Private pensions are gone and public pensions aren’t far behind. There are calls for pension reform and I’m not sure if anything is guaranteed anymore. As far as annuities are concerned, insurance companies are on shaky ground and the U.S. government had to […]