Dear Liz: I don’t know where to turn. My husband is 76. He has a federal government pension and collects Social Security but he has only a $17,000 life insurance policy. We still have a $229,000 mortgage and no savings other than my small 401(k). I am 59 and also a federal worker. Do you […]
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Q&A: Inheritance vs Reality
Dear Liz: I have really bad credit. I always have because I have never really had any money. So now I am inheriting a lot of property and some cash. Most of the property is rental properties that bring in income. There are no mortgages on them. I may want to sell one or two […]
Friday’s need-to-know money news
Today’s top story: How to escape the big banks and their fees. Also in the news: What not to buy at the big warehouse clubs, getting a credit card with poor credit, and why you should pay yourself first before paying any other bills. Plot Your Escape From the Big Fees of Big Banks Why […]
Thursday’s need-to-know money news
Today’s top story: Are you behind the financial times? Also in the news: How to better organize your bills, talking with your family about inheritance, and learning the five parts of your credit score. 6 Signs You’re Behind the Financial Times Still writing checks? 4 Ways to Better Organize Your Bills And kiss late fees […]
Wednesday’s need-to-know money news
Today’s top story: What happens when couples disagree on the right time to retire? Also in the news: Bad financial habits you could be passing on to your kids, understanding charge-offs, and how to avoid extra costs when renting a car this summer. When couples disagree on when to retire Hot to reach common ground. […]
Tuesday’s need-to-know money news
Today’s top story: How early withdrawals can take a chunk out of your retirement savings. Also in the news: The smart way to go into debt, retirement mistakes you need to avoid, and three ways consumers become victims of identity theft. How Early Withdrawals Can Tax Your Retirement Savings Taxes and penalties abound. The Smart […]