Dear Liz: I recently gave birth to a little boy. I am wondering about the best savings vehicle that would offer flexibility for when family gives him money. I don’t want to tie it up in a 529 college savings plan in case he doesn’t want to go to college or has other needs. Answer: […]
Recent Blog Posts
Q&A: Authorized credit card users
Dear Liz: I have read that only the primary cardholder is responsible for the balance on a credit card, not the authorized user (such as a spouse). When that primary cardholder dies, there is no obligation for an authorized user to pay off the balance. Is this accurate? What would prevent someone whose primary cardholder […]
Q&A: Social Security spousal benefit
Dear Liz: I am 57 and my husband is 60. I will have a bigger Social Security benefit than he will. He plans to retire at 65 when he will take his own retirement benefit. I will file and suspend at my full retirement age (66 and 6 months), at which time he can file […]
Your post-holiday financial recovery plan
Holiday overindulgence can lead to throbbing heads, expanded waistlines — and piles of credit card bills. In my latest for MoneyWatch, some suggestions for getting back on track if you overdid it on the holiday spending. In my latest for Time, a look at what Baby Boomers should do with their finances as they approach […]
Wednesday’s need-to-know money news
Today’s top story: Last-minute tax moves to make on December 31st. Also in the news: How to tell if your financial advisor is giving you good advice, why you should consider freezing your credit reports, and the top 6 financial resolutions for the new year. 4 Last-Minute Tax Moves You Can Make on Dec. 31 […]
Tuesday’s need-to-know money news
Today’s top story: Money tasks to tackle during your winter break. Also in the news: How to save thousands on a divorce, getting in the savings habit, and why your new tech toy could be a security threat. 3 Money Tasks to Tackle on Your Winter Break Assessing the holiday damage. Getting Divorced? 5 Ways […]