Dear Liz: I turned 50 last year but did not make the catch-up contributions I was eligible to make to my government Thrift Savings Plan. This mistake cost me approximately $5,000 in additional taxes in 2014. To make matters worse, my wife also did not make catch-up contributions in 2014 or for the previous four […]
Recent Blog Posts
Monday’s need-to-know money news
Today’s top story: How to protect your credit cards while traveling. Also in the news: New reverse mortgage rules, why you shouldn’t put off home repairs, and how Health Savings Accounts can benefit your taxes. 5 Ways to Keep Your Credit Cards Safe When You Travel Don’t let credit card theft ruin your summer travel. […]
Friday’s need-to-know money news
Today’s top story: How to increase you credit card limit. Also in the news: The money mistakes empty nesters make, the terms every homebuyer should know, and the biggest threats to your retirement. 5 Ways to Get a Higher Credit Card Limit What to do when you need more spending power. 3 Money Mistakes Empty […]
How planners get paid–and how that can, should and will change
The best way to pay a financial planner is directly through fees you pay, rather than indirectly through commissions. That way, you don’t have to worry that the advice you’re getting is influenced by how much your advisor stands to gain by selling you certain investments. But most fee-only planners have adopted the “assets under […]
Thursday’s need-to-know money news
Today’s top story: Starbucks is the latest hacker’s delight. Also in the news: Getting control over your spending, advice that could ruin your retirement, and money fears that could sabotage your net worth. Reports: Hackers Targeting Starbucks Mobile Users How to protect your caffeine fix. 3 Tips for Getting Control Over Your Spending Reining it […]
Wednesday’s need-to-know money news
Today’s top story: The right way to close a credit card. Also in the news: Financial tools you no longer need, determining how much college tuition you can afford, and how baby boomers can survive retirement. What’s the Right Way to Close a Credit Card? How you say goodbye matters. 5 Financial Tools You No […]