Managing money can be complicated, and myths are often born from people’s struggles to make it simpler. But simplistic solutions can cost you instead of saving you money. If you believe any of these five money myths, it’s time to take a closer look at the financial realities. In my latest for the Associated Press, […]
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Monday’s need-to-know money news
Today’s top story: Mortgage application forms will look different next year. Also in the news: 5 times you shouldn’t use a credit card, why you should say no to 72-84 month auto loans, and why you need to stop being delusional about debt. It’s Coming: The First Change to Mortgage Application Forms in 20 Years […]
Q&A: How to get rid of home-equity loan headaches
Dear Liz: We have taken several withdrawals from our home equity line of credit. Now the balance is close to $100,000. It’s the interest-only type. We don’t know how to pay off this amount systematically. Can you help? Answer: As you’ve discovered, it’s not a good idea to pledge your home as collateral when you don’t […]
Q&A: Getting through to Social Security
Dear Liz: I read your article about checking your Social Security earnings record and benefits. I tried to set up an account with the Social Security Administration to track my retirement benefits (I turn 65 in December). Apparently the Social Security Administration will only text a required security code to a cellphone. I do have a cellphone but […]
Q&A: Free credit score? Be careful
Dear Liz: As a financial planner, I am surprised you pointed someone in the direction of paying for a credit score. Your score can be accessed at several credit sites for free. Why would you want your readers to pay for something they could get free? Answer: As a financial planner, you should understand that “free” is […]
Friday’s need-to-know money news
Today’s top story: Amazon launches a car comparison site. Also in the news: HARP loans get extended through September of 2017, 4 finance apps every college student needs, and what to do if you can’t afford your kids’ school supplies. Amazon Launches Car Comparison Site The online giant gets in the car game. HARP Loan […]