Dear Liz: I will be 66 in May 2016. My wife is 68 and retired. She began receiving Social Security when she turned 66. I am still working, making a high six-figure income, and will continue to do so until I reach 70, when my Social Security benefit reaches its maximum. I plan to use […]
Recent Blog Posts
Q&A: More on teens and cars
Dear Liz: Your answer to the parent wanting to purchase a convertible for his son reminded me of something that happened long ago. When I graduated from high school in 1966, a friend’s wealthy parents bought him a brand-new Lamborghini Miura as a graduation present. Two days after he got the car, he missed a […]
What the Fed rate hike means to you, and your wallet
For everyone who has been saying interest rates can only go up, well – now is their time. But what does the Federal Reserve’s decision to raise interest rates actually mean for your wallet? Probably not much for the near-term. One small interest rate hike of one-quarter of a percentage point is unlikely to have […]
Wednesday’s need-to-know money news
Today’s top story: Five of the most inspiring personal finance stories of 2015. Also in the news: How to avoid holiday fraud, helping your kids establish credit, and when it’s time to leave your bank. The 5 most inspiring personal finance stories of 2015 Inspiration for the new year. Three Ways To Avoid Holiday Fraud […]
Tuesday’s need-to-know money news
Today’s top story: The credit card mistakes you make every year. Also in the news: How to make a stress-free loan to your adult kids, how to bounce back from a financial setback, and the questions you should ask your employer about your 401(k). 5 Credit Card Mistakes You Repeat Every Year Breaking the cycle. […]
Monday’s need-to-know money news
Today’s top story: Tax mistakes newlyweds make and how to avoid them. Also in the news: What financial documents are safe to shred, how to rebuild your credit after a bankruptcy, and tips on negotiating a higher salary. 5 Tax Mistakes Newlyweds Make It’s a whole new tax world. Drowning in bank statements, etc.? Here’s […]