Dear Liz: In a previous answer to a question about liability insurance, you indicated that people should normally have enough insurance to cover their assets. Which assets should be included, as it is my understanding that some assets are exempt from creditors, such as 401(k)s and IRAs? Also, how are future earnings or future annuity […]
Recent Blog Posts
Q&A: Another tool to avoid probate
Dear Liz: You recently cautioned a reader whose mother wanted to add her to a home deed to avoid probate. Please tell readers that they now may be able to avoid probate for a residence by using a transfer on death deed, similar to what’s available for bank accounts and cars. California recently enacted this […]
Friday’s need-to-know money news
Today’s top story: Checking your credit doesn’t hurt your scores. Also in the news: Personal finance tips from NerdWallet moms, why you should prepare now for the death of a spouse, and the benefits of easing into a new savings budget. Checking Your Credit Doesn’t Hurt Your Scores Not checking your scores could hurt much […]
Thursday’s need-to-know money news
Today’s top story: The best credit card tips for May. Also in the news: Tips to weather the financial storm of a layoff, what the new FICO score means for you, and carryovers to remember when doing your 2016 tax planning. NerdWallet’s Best Credit Card Tips for May 2016 Time for some spring credit cleaning. […]
Wednesday’s need-to-know money news
Today’s top story: Should you pay for credit repair? Also in the news: Tips on raising financially savvy kids, credit scores and dating, and why it might make sense to pay down debt slowly. Should You Pay for Credit Repair? The pros and cons. 11 Tips to Raise Financially Savvy Kids Starting them off right. […]
Is Saving Pointless?
Raise your hand if you’ve ever tried to build an emergency fund, then gave up after an unexpected expense drained away everything you managed to save. If that’s you, then you’re likely part of the 47% of Americans who recently told the Federal Reserve that they wouldn’t be able to pay an unexpected $400 expense […]