Dear Liz: I have some questions regarding my brokerage accounts. What happens to my investments there if the brokerage company goes out of business? How much of my investments will I be able to recover and how? Also, does it matter if my accounts are IRAs, Roth IRAs, or conventional brokerage accounts? Answer: Most brokerages […]
Recent Blog Posts
Q&A: Delayed tax refunds
Dear Liz: How long is too long for an IRS tax refund to be disbursed? I got my state tax refund in a matter of weeks. The IRS refund has been “under review” for almost five months. Answer: A sizable surge in tax refund theft as well as a database breach that exposed more than […]
Six mistakes people make when giving to charity
Here is a helpful rule of thumb for donating to charities this holiday season: Take your time. People waste billions of dollars on inefficient, poorly run or downright fraudulent charities because they do not bother to research where their money is going. And even donations to legitimate causes can be squandered by last-minute, impulsive or […]
Wednesday’s need-to-know money news
Today’s top story: How to protect your gift cards this holiday season. Also in the news: Getting the most out of your credit cards over the holidays, where to cash a check without paying high fees, and personal finance mythbusting. Why Gift Cards Aren’t As Secure As Your Credit Cards Protecting your presents. How to […]
Tuesday’s need-to-know money news
Today’s top story: How being behind on your taxes could affect your travel plans. Also in the news: How to determine who you can claim as a dependent, financial steps to take when you’re on your own, and how to avoid costly credit card traps. Haven’t Paid Your Taxes? You May Need to Cancel Your […]
Monday’s need-to-know money news
Today’s top story: Smart ways to use credit cards over the holidays. Also in the news: Personal finance tips people wish they’d know when they were younger, how to survive Black Friday, and steps you should take before the next financial crash. 5 Smart Ways to Use Credit Cards During the Holidays Protecting your money […]