The way most Americans build wealth is no secret: Save, invest, repeat. How average people keep their wealth, though, gets a lot less attention. It boils down to how they handle risk. It’s hard to accumulate wealth without taking some risks, but there are perils that “next-door millionaires” seem to avoid. Next-door millionaires weren’t born […]
Recent Blog Posts
Q&A: Getting a new mortgage after a foreclosure
Dear Liz: Is it true that we can’t refinance our home until seven years after a foreclosure? We lost a rental property six years ago. Our credit scores now are in the 740 range, and we are anxious to take advantage of lower rates since our mortgage rate is 5.75%. Other than the foreclosure, our […]
Q&A: Could new job affect credit rating?
Dear Liz: I have been employed at a small business, a sole proprietorship, for 34 years. My boss is going to just shut down the business, with no plan for succession. I have a job offer from a rival firm, so I don’t plan on being out of work for very long. How will this […]
Q&A: Survivor benefits for divorcees
Dear Liz: I am 76 and widowed. I’ve been collecting half of my ex-husband’s Social Security payment for the last nine years. We were married for 20 years. He remarried in 1987 and his wife is still living. He is now terminally ill with cancer. Am I eligible for survivor benefits? Answer: You will be. […]
Friday’s need-to-know money news
Today’s top story: Bouncing back after foreclosure. Also in the news: How to piece together the perfect bank, handling the financial consequences of millennials living at home, and a parents guide to insurance for college students. How to Bounce Back After Foreclosure Getting through a trying time. How to Piece Together the Perfect Bank Ticking […]
Thursday’s need-to-know money news
Today’s top story: Why you’ll always need cash. Also in the news: Must-know tips for selling your home, nontraditional ways to fund your retirement, and why people with low checking account balances pay high fees. Why You’ll Always Need Cash We’re not going all-digital just yet. 5 Must-Know Tips for Selling Your Home How to […]