Today’s top story: Yet another data breach hits a major retailer. Also in the news: Five costly Social Security mistakes, which tax breaks will be making a comeback in 2015, and why you should still save money even if you’re in debt. The Kmart Data Breach: What You Need to Do Here we go again. […]
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Monday’s need-to-know money news
Today’s top story: How to discover what personal finance nerds know. Also in the news: How to get a judgment off of your credit report, the high cost of college tuition convenience fees, and what’s really behind all of your financial fears. 10 Things Only Personal Finance Nerds Would Understand We could all stand to […]
Q&A: Debt obligations and voluntary surrender
Dear Liz: My husband returned a car to the dealer when he lost his job. Now the company says he owes it more than $7,000 (the difference between what he owed to the dealer and the price for which the car was sold). He refuses to pay any amount, but recently he received a letter […]
Q&A: Roth IRA
Dear Liz: I have a 401(k) that has a required annual distribution because I am over 71 1/2 years old. Can I use this distribution as qualified income to invest in a Roth IRA? I have no W-2 earnings, although I do have other income sources that are reported on 1099 forms. Answer: To contribute […]
Q&A: Social Security spousal benefits
Dear Liz: I am 13 years older than my wife. Is it possible for me to receive Social Security spousal benefits based on her earnings when I reach full retirement at age 66? I’d like to shift to my benefit when it reaches its maximum at age 70. If I can do this, what impact, […]
Friday’s need-to-know money news
Today’s top story: How your kids can hurt your credit. Also in the news: How to find the best financing when purchasing a new car, why baby boomers need help paying down their debt, and five banking fees that are actually worth paying. 5 Ways Your Kid Can Hurt Your Credit Intentionally and unintentionally. Need […]