Many people have trouble saving anything for retirement. But I hear from a fair number of people who are looking beyond 401(k)s and IRAs for more tax-advantaged ways to save. Many have maxed out their 401(k)s at work, or had their contributions limited because they’re considered “highly compensated employees.” Some don’t have a workplace plan […]
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Tuesday’s need-to-know money news
Today’s top story: The most depressing number in personal finance. Also in the news: The secret language of finance, the changes coming to IRAs and 401(k)s in 2015, and the money moves you should make by the end of the year. This Is the Most Depressing Number in Personal Finance Take a guess. Translate This! […]
Monday’s need-to-know money news
Today’s top story: How high your credit score needs to be in order to refinance. Also in the news: Tips on getting out of debt from people who have paid off thousands, ways to save on monthly housing costs, and how to avoid the scariest credit card fees. What credit score do I need to […]
Q&A: Fraud or forgetfulness?
Dear Liz: I think I’ve been scammed, but my credit union has decided I’m simply forgetful. I noticed a debit to my checking account that I did not recognize from a merchant I cannot identify. The merchant name appears on my statement as simply “Portland Portland OR.” My credit union can tell me only that […]
Q&A: Social Security spousal benefits and divorce
Dear Liz: My fiancé was married to a wealthy woman for over 10 years. Will he lose his opportunity to use her earnings record as the basis for his Social Security retirement benefits if we get married? Answer: The short answer is yes. Spousal benefits for divorced people are available only to those who remain […]
Q&A: Loose change and the ‘Big One’
Dear Liz: In your column about saving loose change, another reason to keep a couple of coffee cans full of coins is for when we have the “Big One.” ATMs and banks and stores that rely on computers will be down, but loose change and small bills will be spendable. Answer: Every disaster preparedness kit […]