Dear Liz: You’ve been writing about the “file and suspend” option that allows you to delay taking Social Security while still reserving the ability to get a lump sum if you later change your mind. If I file and suspend but choose not to take a lump sum before my benefit maxes out at 70, […]
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Q&A: Waiting on Social Security
Dear Liz: I started Social Security at 62 and did the spreadsheet myself showing the break-even point. I would have to be 80 before the graphs even cross. You, and others, have to stop that business about waiting on Social Security if you can. My own mother lived to 90 and it is about quality […]
Friday’s need-to-know money news
Today’s top story: Big changes are coming to your credit report. Also in the news: Excuses for not saving for retirement, how your social life changes when you’re saving money, and what to do as you approach retirement. Big Changes to Credit Reports Are on the Way: What It Means for You A new way […]
Thursday’s need-to-know money news
Today’s top story: Health insurer CareFirst is hit with a massive data breach. Also in the news: How to dive into the investment pool, when you shouldn’t use a credit card, and identity theft facts that will terrify you. 1.1 Million User Records Stolen From Health Insurer CareFirst Another day, another data breach. 5 Tips […]
Wednesday’s need-to-know money news
Today’s top story: What to do when your car loan outlasts your car. Also in the news: What to buy during this weekend’s Memorial Day sales, how to plan for semi-retirement, and how to trick yourself into spending less by using direct deposit. What to Do If Your Car Loan Outlasts Your Car Your options […]
Is your car part of the airbag recall?
It would be good to know if your car is one of the 34 million with potentially defective airbags than can explode and kill you in an accident. You may need a little patience to find out. The government Web site that can allow you to look up recalls by your car’s vehicle identification number […]