Today’s top story: Why many Americans are afraid of going broke when they retire. Also in the news: The expensive cost of payday, pawn shop and car title loans, tips on how to increase your credit score, and what you can do to fix your credit report. Many Americans fear going broke in retirement How […]
Recent Blog Posts
Q&A: Social Security Benefits and Divorce
Dear Liz: I am 53 and divorced. My ex-husband died at the age of 49 and had contributed significantly to Social Security. I don’t plan to remarry. Would I be able to make any claim on his record as an ex-spouse when I reach age 62, or would he have had to reach retirement age […]
Q&A: Regular 401(k) vs Roth 401(k)
Dear Liz: I just turned 50. My company has an option to contribute pretax money to a regular 401(k) or after-tax money into a Roth 401(k). Should I put the maximum contribution ($17,500) plus the catch-up ($5,500) into the Roth? Or should I split my contributions? Answer: Given that you’re close to retirement, putting most […]
Q&A: An offer of “help”
Dear Liz: My husband and I lost our home because of unemployment and being underwater (the value of the house was less than the mortgage). We now both are working full time and saving to buy another home. My father-in-law offered to help us by selling us a rental he owns and giving us a […]
Friday’s need-to-know money news
Today’s top story: How to determine whether to rent or buy. Also in the news: Becoming a better car buyer, how to save during wedding planning, and how to protect your finances during a divorce. Is It Better to Rent or Buy? These calculators will help you decide. 3 Ways to Be a Better Car […]
Thursday’s need-to-know money news
Today’s top story: The pros and cons of becoming a landlord. Also in the news: The painless way to create a budget, which metro areas have the best cost of living, and why you need to change you eBay password immediately. Is Becoming a Landlord Worth It? Passive income is great, but it can come […]