Dear Liz: My husband and I both have employer-sponsored 403(b) retirement plans. We each also have a Roth IRA, and I have a traditional IRA that I started in the 1980s before I started work with my current employer. I do not actively contribute to this traditional IRA as I am contributing the maximum amount […]
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Q&A: Social Security solvency
Dear Liz: Can you tell us what the status is of the Social Security system? Will the money that I and my employers have paid into the system be there for me when I need it in 15 or 20 years? Answer: The money you pay into the system provides benefits for current retirees. When […]
Friday’s need-to-know money news
Today’s top story: Why the Fed’s rate changes won’t immediately impact your loans. Also in the news:Why all credit checks aren’t created equal, how to avoid an IRS audit, and the four pillars of building wealth. Why Fed Moves Won’t Hugely Affect Your Loans Anytime Soon A slow creep instead of a dramatic jump. Do […]
Thursday’s need-to-know money news
Today’s top story: A dangerous new type of identity theft is on the rise. Also in the news: Tax breaks overlooked by small business owners, how CD loans could cover short-term needs, and the first thing to do when you get a new credit card. The Surprising Kind of Identity Theft You Probably Haven’t Heard […]
Wednesday’s need-to-know money news
Today’s top story: Little known ways to get your student loans forgiven. Also in the news: What to do when you can’t pay your taxes on time, tools that can help you build wealth for the future, and great ideas for you tax refund. 5 Little-Known Ways to Get Your Student Loans Forgiven Do you […]
Tuesday’s need-to-know money news
Today’s top story: Tax tips for military personnel. Also in the news: What to do when your credit card interest rate goes up, how to handle tax return fraud, and how to survive financially when you don’t have an emergency fund. Top Tax Tips for Military Personnel Military service comes with some unique tax breaks. […]