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 […]
Recent Blog Posts
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 […]
Why You Still Can’t Trust Your Financial Advisor
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 […]
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 […]