Dear Liz: Regarding your recent column advising recent college grads to keep living like students: I helped my three children do just that. I had them live at home rent-free for six months after graduation and told them to save money like crazy. Then when they rented an apartment, they would have the rental deposit […]
Recent Blog Posts
Q&A: Uniform Transfers to Minors Act
Dear Liz: My in-laws have gifted stock to our children through the Uniform Transfers to Minors Act (UTMA) to help pay future college expenses. The value of the stock has increased significantly over the past few years. We would like to sell the shares and move the proceeds into more stable investments for our children. […]
Q&A: Delaying Social Security benefits
Dear Liz: If I retire at 66 but don’t collect my Social Security until 70, will my benefit increase or stay the same since I wouldn’t be working? I can’t find this answer anywhere! Thanks so much. Answer: Your benefit will increase eight percent each year you put off starting benefits between your full retirement […]
Friday’s need-to-know money news
Today’s top story: Finding a credit card after declaring bankruptcy. Also in the news: Money mistakes for Millennials to avoid, finding relief for your student loan hangover, and what you need to know about the new credit reporting rules. 5 Credit Cards You Can Get After Bankruptcy Easing your way back into the credit game. […]
Thursday’s need-to-know money news
Today’s top story: How to choose the best credit card perk. Also in the news: Why you should avoid taking a retroactive Social Security benefit, what we can learn from the IRS data breach, and why putting off saving for retirement in order to be debt free could be dangerous. Cash Back vs. Miles: Which […]
Wednesday’s need-to-know money news
Today’s top story: A major data breach hits the IRS. Also in the news: Protecting your credit while traveling overseas, how to build an emergency budget, and how to prepare financially to become a stay-at-home parent. Identity Thieves Got Private Data for 104,000 U.S. Taxpayers Another week, another massive data breach. 4 Ways to Protect […]