Dear Liz: You recently explained the insurance limits for brokerage accounts covered by the Securities Investor Protection Corp. I recently retired from the brokerage industry and wanted to add that many firms have additional insurance coverage beyond the SIPC limits. Answer: Good point. Brokerages often purchase additional coverage from private insurers on top of what’s […]
Recent Blog Posts
Friday’s need-to-know money news
Today’s top story: Credit report red flags that only your lender can see. Also in the news: What to do when you receive a windfall, how financial literacy can help fight domestic violence, and important tax info for freelancers. 4 Credit Report Red Flags You Don’t See – But Your Lender Does Secret warning signs […]
January tune-up: Your paperwork
Is anyone else drowning in paperwork? I try to “prevent, prune and process,” but paper has a way of multiplying on its own. Here’s my game plan for reducing paper clutter: Prevent. I’ve signed up for the Direct Marketing Association’s opt out list to reduce junk mail and I use Catalog Choice to cut down […]
Thursday’s need-to-know money news
Today’s top story: How a secret email address could protect you from identity theft. Also in the news: How to beat the banks, how to raise money-savvy kids, and 21 great personal finance tips. The Simple Email Trick That Could Protect Your Identity The benefits of a secret email address. Where the Banks Earn, You […]
Wednesday’s need-to-know money news
Today’s top story: How to boost your emergency fund. Also in the news: What you need to worry about for retirement besides money, why you should worry about medical identity theft, and deciding when it’s time to dump your credit card. 11 Ways to Boost Your Emergency Fund How to prepare for unexpected expenses. 5 […]
Tuesday’s need-to-know money news
Today’s top story: Tax breaks for retirement savers. Also in the news: Surprising tax complaints, how to find cheap airfare, and becoming comfortable with investing using a mock portfolio. 10 tax breaks for retirement savers How to minimize the taxes on your savings. The Most Surprising Tax Complaint in America No, it’s not slow refunds. […]