If you haven’t already, expect to hear from your financial advisor soon about a great new investment opportunity for your IRA. The reason: There’s a loophole in a strict new rule that requires advisors to act in their clients’ best interests when counseling them about retirement funds. That loophole allows advisors to continue lining their […]
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Tuesday’s need-to-know money news
Today’s top story: NerdWallet dads share their personal finance tips. Also in the news: Why college grads need more education, how minimalism can help your wallet, and what the Fed meeting means for investors and home buyers. NerdWallet Dads Share Their Personal Finance Tips Learning from the dads. College grads are educated, but not in […]
Monday’s need-to-know money news
Today’s top story: Time to give your financial goals a midyear checkup. Also in the news: The statute of limitations on debt, how to save on child care, and financial concepts to teach your teen. Give Your Financial Goals a Midyear Checkup Checking your progress. The Difference Between a Debt’s “Statute of Limitations” and Your […]
How to structure an inheritance for a spendthrift heir
Dear Liz: My financially illiterate, almost 50-year-old son will be living off his inheritance when I die. A good part of his life was spent drifting, so I have no idea if he will receive Social Security or how much. How do I structure his inheritance so that he won’t fritter it all away in […]
Q&A: A dirty problem
Dear Liz: I bought a house four years ago. The previous owner allowed a gentleman to plant flowers every spring and tend them all summer. I allowed the man to continue after I bought the house. He waters the flowers using my water and I help weed every year. He came to me last week […]
Q&A: State pensions’ effect on Social Security
Dear Liz: Recently someone wrote to you about plans to receive a state pension and apply for Social Security benefits. You said if the person’s job didn’t pay into Social Security, the Social Security benefit might be reduced because of the state pension. I have a state pension from a job that did not pay into Social […]