Building wealth has gotten harder for most people in recent years. But the habits that can make you rich haven’t changed. It boils down to this: putting aside money, regularly and consistently, that can be invested for your future. You have to leave that money alone to grow, which means you also need an emergency […]
Recent Blog Posts
Monday’s need-to-know money news
Today’s top story: Why long-term care insurance is worth the expense. Also in the news: The differences between a 401(k) and a Roth 401(k), how to make yourself a better retirement saver, and keeping an eye out for electricity surge pricing. Long-Term Care Insurance Is Worth the Expense Paying now can save a lot later. […]
Q&A: Does Social Security pay survivor benefits in same-sex unions?
Dear Liz: I am 65 and was recently laid off after 26 years with the same company. My life partner of 25 years died in 2010. We had been legally married in 2008. I’d like to wait until I’m 70 to collect my Social Security. Is there any way I can collect her Social Security […]
Q&A: Conflicting credit scores
Dear Liz: Why is there such a difference between my FICO 4 and FICO 8 scores? My FICO 4 score is 646 while my FICO 8 score is 678. I want to buy a home and I know some lenders may still use the FICO 4. Answer: Most (not just some) mortgage lenders use outdated […]
Q&A: Divorced, and in debt
Dear Liz: I recently got divorced and found myself in about $50,000 of credit card debt. While I’m struggling to slowly pay off this debt, I do have some money saved in a tax-sheltered annuity as well as a small Roth IRA. Should I use those, take a personal loan or file for bankruptcy? Answer: […]
Friday’s need-to-know money news
Today’s top story: How to find the best mortgage rate online. Also in the news: How to set up your first 401(k), what happens if you work after signing up for Social Security, and why we value purchases more when we pay with cash. How to Find the Best Mortgage Rates and Lenders Online Comparison […]