For years Social Security had a loophole that allowed people to hit “reset” on their benefits. Those who had made the mistake of starting benefits early had the option of paying back all the money they’d received from Social Security. Then they could restart their checks at a higher rate that they would enjoy for […]
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Friday’s need-to-know money news
Today’s top story: Poll reveals Americans are feeling better about their personal finances. Also in the news: How to raise financially savvy kids, learning how to balance saving for the future with enjoying the present, and five credit card fees you should try to avoid. Americans’ Ratings of Their Personal Finances Inch Up Does your […]
Take a year to Get Rich Slowly
J.D. Roth went from being over $35,000 in debt to having over $1 million in the bank. He documented his journey at the excellent Get Rich Slowly site, sharing what he learned about frugality, investing and smart money decisions. He also wrote a very good book, “Your Money: The Missing Manual.” But The Missing Manual […]
Thursday’s need-to-know money news
Today’s top story: The retirement age for millennials is increasing. Also in the news: The pros and cons of delaying your social security benefits, how to avoid buyer’s remorse, and at what age should a teenager start building credit? Five Retirement Warning Signs for Millennials Recent college grads may not be able to retire until […]
Wednesday’s need-to-know money news
Today’s top story: How to begin taking over your parents’ finances. Also in the news: The psychological roots of your money habits, how to buy a home when you’re self-employed, and the best and worst things to buy online. Taking Over Parents’ Finances: First Steps How to handle a delicate situation. Deciphering Your Money Mindset […]
Money rules of thumb: car edition
Today for public radio’s Marketplace Money we talked to a guy who has a $600 a month car payment. It turns out he bought a car worth more than half his annual pay, and financed it over six years. (The segment airs this weekend, if you want to listen in.) I no longer try to […]