Dear Liz: My wife and I both had excellent credit scores. Now mine are in the dump. I co-signed for a friend’s daughter’s school loan 10 years ago. I know now this was a bad mistake. I guaranteed $25,000. Now two things have happened: The daughter quit paying the loan and the friendship took a […]
Recent Blog Posts
Q&A: Questions for a financial advisor
Dear Liz: I have some investments at a financial investment firm. My advisor said that because I am 62, I can transfer money from my 401(k) at my job into my account with his firm. He says he can do better with the amount I currently have in the 401(k). Of course I will continue […]
Q&A: Social Security family maximum
Dear Liz: My husband is disabled from a stroke and is on Social Security disability. I am 65 and nearing retirement. I keep seeing Social Security rules about “family maximums.” Does this mean that I won’t get my full retirement amount if, between his SSDI and my retirement, we exceed the family maximum? Or will […]
Friday’s need-to-know money news
Today’s top story: Ranking the cheapest cars to insure. Also in the news: Why you need to have a will, the financial perks of downsizing, and how much money you need to save monthly to reach your retirement goal. Ranking the Cheapest Cars to Insure Being a smart shopper. Prince Had No Will, Reports Say […]
Thursday’s need-to-know money news
Today’s top story: How $250 can keep families off welfare. Also in the news:A new tool to manage your student loans, what Prince can teach you about personal finance, and how to declutter after tax season. $250 Can Keep Families Off Welfare, Study Finds Even a small savings can have a big impact. White House […]
Wednesday’s need-to-know money news
Today’s top story: How to earn more interest on your money. Also in the news: When and how to appeal a financial aid award, what you need to know about estate planning, and how keeping your finances simple can ensure you staying on top of them. 4 Ways to Earn More Interest on Your Money […]