Today’s top story: Critical steps to prepare your finances for divorce. Also in the news: Tips on taking over the family business, getting your credit back on track after moving back to the United States, and how to tell if your 401(k) is helping or hurting your retirement savings. 6 Critical Steps to Prepare Your […]
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Tuesday’s need-to-know money news
Today’s top story: Why your irrevocable trust isn’t protecting your assets. Also in the news: Moving recurring credit card payments, the worst financial mistakes new parents can make, and how to prepare for your financial future. Your Revocable Trust Is Not Protecting Your Assets Better asset-protection strategies. Moving Recurring Payments on Credit Cards Is the […]
Q&A: How to get out from under high brokerage fees
Dear Liz: I have two accounts at a full-service brokerage. One is an inherited IRA and the other is a Roth IRA that I opened. Both have a mix of stocks and mutual funds that I chose. My accounts have done well, but I am not happy with the commissions that my brokerage charges when […]
Q&A: Dealing with a big lottery win
Dear Liz: My brother-in-law won a good chunk of money playing the lottery. He is waiting for the check to come any day now. He is willing to give me $2 million. The question for you is how I can maximize that amount of money short term or long term? Answer: If your brother-in-law has […]
Q&A: Refinancing an education loan
Dear Liz: You were asked a question about whether it would be wise to refinance a parent PLUS loan through a private lender and you said yes because the interest rates are so much lower. Doesn’t this ignore the benefit of the IRS tax credit? I figured out that my interest rate is effectively a […]
Friday’s need-to-know money news
Today’s top story: Life without credit cards. Also in the news: What to splurge (and skimp) on for back-to-school shopping, why you should pay an extra $100 on your student loans right now, and how banks are working to gain your loyalty. Life Without Credit Cards: How Two Families Make It Work Could you do […]