Today’s top story: What happens if you get caught lying on your FAFSA? Also in the news: Why your financial life is a mess, which interest rate you should choose, and the credit score every small business owner should understand. What Happens If You Lie on Your FAFSA? Resist the temptation. Fixed or Variable: Which […]
Recent Blog Posts
Q&A: Term life insurance
Dear Liz: My husband doesn’t qualify for term life insurance because he is overweight and pre-diabetic. Although he’s working on getting in shape, I’m afraid something might happen. I should add we have a 3-year-old daughter, and he is the main breadwinner. What would you suggest we do to ensure we are covered if something […]
Q&A: File and suspend strategy for Social Security
Dear Liz: You recently wrote an interesting piece regarding the “file and suspend” strategy for Social Security benefits. I liked the possibility of getting a lump sum if I should need the money downstream. But when I checked with Social Security, I was told that the lump sum maximum was six months of suspended payments. […]
Monday’s need-to-know money news
Today’s top story: How to choose the right 401K plan. Also in the news: Money losses you can’t claim on your taxes, the benefits of prepaying your mortgage, and how to survive living on a budget. Do You Have the Right 401K? Picking the plan that’s right for you. These Money Losses Won’t Help You […]
Friday’s need-to-know money news
Today’s top story: The benefits to joining a credit union. Also in the news: When to sign up for a financial advisor, apps that will make next year’s taxes easier, and how to build your credit from the ground up. 6 Perks You Can Get at a Credit Union Free checking! When To Sign Up […]
How you can benefit from the robo-advisor price war
Digital investment advisor Wealthfront snagged some headlines this week by dropping its minimum investment from $5,000 to $500 and calling out its competitors, particularly Betterment, for charging too much. Which is kind of unfortunate, because it could leave people with the impression that Betterment is gouging people, when it (like most of the other robo-advisors) […]