Today’s top story: How to get rid of an old debt. Also in the news: Living on half of your income, how to get yourself in good financial shape, and dealing with the debt of a loved one that passed away. The Secret Way to Get Rid of an Old Debt Resolving an old collection […]
Recent Blog Posts
Q&A: Student loan forgiveness
Dear Liz: I have $105,000 in medical school loans with an interest rate of 2.875%. I have another consolidated federal loan at 6%. I’m making $180,000 in the private sector and like my job. Should I consolidate everything, try to get a public sector job, and apply for loan forgiveness after 10 years while paying […]
Q&A: Credit scores and new accounts
Dear Liz: My spouse signed up for a store credit card to receive a discount on a large purchase. As she has no strong interest in maintaining a line of credit there, is there a simple way of discontinuing this account without affecting our credit scores, given that we may apply for a mortgage in […]
Q&A: Social Security spousal benefits
Dear Liz: I started my Social Security benefits at 66 and am now 70. I was married for 23 years and have not remarried. When I ask about spousal benefits, I am told that my own monthly benefit is too high to get benefits based on my ex’s work record. My monthly benefit is only […]
Thursday’s need-to-know money news
Today’s top story: How to declare your financial independence. Also in the news: What you need to know before becoming a landlord, how the financial crisis in Greece could effect your portfolio, and a little known Texas law that could save you from medical debt. 3 Ways to Declare Your Financial Independence This July 4th […]
3 retirement strategies whose days may be numbered
Social Security used to offer a “do over” to people who erred by starting benefits too early. Instead of being locked into substandard payments for life, those who had the cash could pay back all the benefits they had received and start over with a new, permanently higher payment. Advisors to the wealthy discovered their […]