Today’s top story: Getting the most from Medicare. Also in the news: Tips for smart student loan borrowing, the mistake single Americans are making with their retirement, and how to get the most from your credit card rewards. Medicare’s Maze – How to Maximize Benefits Navigating your way through. Five Tips For Smart Student Loan […]
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Wednesday’s need-to-know money news
Today’s top story: How getting a mortgage just became easier. Also in the news: Downsizing to save your retirement, handling major financial disruptions, and how to avoid or minimize bank fees. 4 Ways Getting a Mortgage Just Got Easier The process has become slightly less stressful. Can Downsizing Save Your Retirement? Smaller living can protect […]
Tuesday’s need-to-know money news
Today’s top story: How to find free help for your credit problems. Also in the news: The “Ostrich Effect,” the financial benefits of short-term thinking, and how to Voice Mail Hell. 6 Places to Get Free Help With Your Credit Problem You don’t have to go it alone. Beware the “Ostrich Effect” When It Comes […]
Q&A: Tuition gifts and tax breaks
Dear Liz: You recently answered questions about tax breaks for college education expenses. We are contributing $20,000 to our grandson’s college education yearly. He is not our dependent. We are senior citizens with a gross income of about $110,000. Is there any deduction for this expenditure that we might qualify for? Answer: Your grandson is […]
Q&A: Divorce and Social Security spousal benefits
Dear Liz: My ex-wife and I were married for 12 years. She is 55. I am 64 and collecting Social Security. At what age can she apply for spousal benefits? Answer: If she doesn’t remarry, she can apply for spousal benefits as early as age 62. If she applies early, though, she would lose the […]
Q&A: The value of associate degrees
Dear Liz: Please continue to encourage people to look into two-year technical degrees. I got my associate’s degree in mechanical engineering and in my first job earned more than my father. Later I worked for a company that made touch-screen point-of-sale terminals. Time and time again, I trained waiters who had bachelor’s or master’s degrees […]