Dear Liz: We took out parent PLUS loans to finance our two sons’ college tuition at private universities. We’ve received solicitations from a private lender offering to refinance. What are the pros and cons of doing so? Answer: It rarely makes sense to replace federal student loans with private loans because the federal version comes […]
Recent Blog Posts
Q&A: How to start saving
Dear Liz: I have credit card debt, federal student loans and a car loan. I’m trying to save for a house, but I also know I should save for retirement. How do I figure out what to tackle first? Answer: If you have a 401(k) with a match at work, take advantage of it first. […]
Q&A: How long should you keep paperwork about an estate?
Dear Liz: My mother-in-law died 11 years ago and had money everywhere. Thus, I have five drawers full of paperwork. With the exception of the IRS documents, I would love to throw everything out (shredded, of course). How long do I need the paperwork? Answer: Two of the biggest risks to a settled estate are […]
Friday’s need-to-know money news
Today’s top story: How to find a bankruptcy attorney. Also in the news: What consumers need to know about annuities, signs you need a new financial advisor, and what millennials should know about life insurance. How to Find a Bankruptcy Attorney Making the right selection. What Consumers Need to Know About Annuities Combining life insurance […]
Thursday’s need-to-know money news
Today’s top story: The problem with how whole life insurance is sold. Also in the news: How to save money on your commute, debt snowball vs debt avalanche, and how to stop senior citizen financial scams. This Is What’s Wrong With How Whole Life Insurance Is Sold Don’t get talked into pricey policies. Save Money […]
Wednesday’s need-to-know money news
Today’s top story: How to determine what your car payment should be. Also in the news: Itemizing vs. standard deductions, what to do with old electronics, and quirky ways to save money this summer. How to Decide What Your Car Payment Should Be Determining what you can afford. How to Decide on Itemizing vs. the […]