Today’s top story: The pros and cons of automatic bill payments. Also in the news: When it’s time to sell a mutual fund, what you need before you file your taxes, and when to consider locking your Social Security number. Pros and Cons of Automatic Bill Payments Convenience could come at a price. 5 Reasons […]
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Wednesday’s need-to-know money news
Today’s top story: The biggest mistakes you can make while banking online. Also in the news: Making tax time easier, the single best thing you can do for your financial wellbeing, and how debt can wreck your retirement. The 5 Biggest Mistakes You Can Make Banking Online Small mistakes can result in big consequences. Tips […]
Is Your Tax Refund Safe?
Your tax refund may take a few days longer to land in your bank account this year. That’s because criminals from around the world are determined to get to it first. “Our systems are attacked about a million times a week,” IRS Commissioner John Koskinen says. “These are Russian syndicates, Chinese. … They’re coming from […]
Tuesday’s need-to-know money news
Today’s top story: How to prevent identity theft. Also in the news: The costs that are often overlooked when deciding to rent or buy, reasons to file a tax extension, and how you’re using your credit card incorrectly. How to Prevent Identity Theft Staying one step ahead. The Major Costs People Often Overlook When Deciding […]
Q&A: Cashing out an IRA to pay off credit card debt
Dear Liz: I owe about $49,000 on my credit cards and now have the money to pay them off in full. Should I? Or should I slowly pay them in large amounts? Answer: There’s typically no reason to delay paying off credit card debt. Carrying balances costs you money and doesn’t help your credit scores. […]
Q&A: Tax break for helping out son
Dear Liz: Our son bought a house and lost his job two months after the purchase. We have helped him stay afloat. Thankfully he has a new job. We don’t expect to get the money back — he is still trying to get out from under — but we have given him close to $10,000. […]