Today’s top story: Why personal loans with no credit checks are a very bad idea. Also in the news: What business expenses are tax-deductible, free apps to track your spending, and when it makes sense to hire a tax preparer. Personal Loans With No Credit Check: A Very Bad Idea If it seems too good […]
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Tuesday’s need-to-know money news
Today’s top story: What you need to look for in a tax professional. Also in the news: Banks made $11 billion dollars in overdraft fees in 2015, strategies for starting out with student debt, and how to balance saving for college and retirement. What to Look for in a Tax Professional Finding the right person […]
Monday’s need-to-know money news
Today’s top story: How to build an emergency fund. Also in the news: Social Security mistakes to avoid, the best way to save for a down payment on a home, and what happens when your 401(k) gets too big? How to Build an Emergency Fund Creating a financial buffer. Don’t Make These 3 Social Security […]
Q&A: Auto loan GAP coverage
Dear Liz: In 2012, I financed a 2008 Honda at my credit union. The car was priced at $16,500. With a trade-in, the loan came to $22,000. GAP coverage was factored into the loan payments, which were $464 a month. Last year, the car was wrecked and deemed a total loss by the insurance company. […]
Q&A: Loaning money to family
Dear Liz: My cousin borrowed some money from us because he said they were behind on their house payments. It was only a small amount, but we said we wanted to sit down with him and his wife to discuss this. He agreed to meet with us in the evening of the day he received […]
Q&A: Taking Social Security early
Dear Liz: My wife will be 62 in November and does not work. I am 55 and have a 401(k) for our retirement. I know you preach waiting to take Social Security. But what about if my wife takes it early and we invest all of the money? Would it then make sense to take […]