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. […]
Recent Blog Posts
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. […]
Q&A: Taking Social Security at 70
Dear Liz: My husband will be turning 70 in August. Must he start taking Social Security at 70 or can he wait a little longer? He will still be earning money and if I understand correctly that will lower the amount he will receive. Does he have to do anything like apply for it or […]
Q&A: Financial benefits of marriage
Dear Liz: My registered domestic partner and I are both 64. We have similar incomes, similar 401(k) accounts and own a home together. We plan on retiring at 66, at which time we will also get similar Social Security benefits. We are each other’s beneficiary on all insurance, accounts, etc. My question: Now that the […]
Monday’s need-to-know money news
Today’s top story: What retirees need to know about the new Social Security deadline. Also in the news: States with no income tax, tax breaks for getting older, and why you need an “Armageddon Fund.” What Retirees Need to Know About the New Social Security Deadline Consider your options carefully. U.S. States With No Income […]
Friday’s need-to-know money news
Today’s top story: The best credit card tips for March. Also in the news: Two smart paths for student loan borrowers, a 401(k) mistake to avoid, and how to get a tax deduction for supporting your child’s school. NerdWallet’s Best Credit Card Tips for March 2016 Head into spring by maximizing your rewards. The Road […]