There’s really only one thing young people need know about money: Save for retirement, starting now. Yes, at some point you’ll want to pay off your debt, have an emergency fund and buy a home. Right now, though, you’re burning through your most limited resource, which is time. You can’t make more of it, you […]
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Monday’s need-to-know money news
Today’s top story: The best time to file your tax returns. Also in the news: Picking the right financial advisor, overcoming retirement obstacles, and what the Presidential candidates have planned for your wallet. The Best Time to File Your Tax Return What’s the optimum time for you? Key Steps to Researching a Financial Advisor Finding […]
Q&A: How to make sure your money-distribution wishes are followed after you die
Dear Liz: My first husband died when my oldest child was 1. I remarried and had another child (they’re 5 and 3 now). My husband and I prepared a trust in which I have him and my sister as beneficiaries of my assets. But my husband regrets that he is not the only beneficiary. My […]
Q&A: Are credit checks a scam?
Dear Liz: In July last year, I accessed the website for my free credit report before applying for a car loan. I have also been in recovery from cancer treatment and haven’t been great about checking my Visa statement until now. For the past year, my credit card has been charged $19.95 each month for […]
Q&A: Don’t miss out on spousal Social Security benefits
Dear Liz: How far back can Social Security go for someone who did not know to apply for spousal benefits? I’m 69, still working and did not know I was eligible for spousal benefits from my retired wife when I turned 66. Social Security is indicating six months of retroactive benefits is the maximum. Answer: […]
Friday’s need-to-know money news
Today’s top story: What Hillary Clinton’s college affordability plan could mean for you. Also in the news: How to enjoy your summer vacation without going broke, what seniors want you to know about managing money, and how to save for retirement without a full-time job. What Clinton’s College Affordability Plan Could Mean for You Is […]