Dear Liz: I am 70 and my wife is 59. My pension covers us for both our lifetimes. We have no debt. My wife and I do not need the required minimum distributions I will soon have to start taking from my 457 deferred compensation plan, which is currently worth $1 million. I planned to […]
Recent Blog Posts
Does Paying Off Old Debts Help Your Credit Score?
Dear Liz: How can I get a clear and complete picture of the debts that are hurting my credit score? I have my credit report already. I’m a bit lost and I need to get my credit cleared up to buy a home. Answer: You actually have three credit reports, one at each of the […]
Friday’s need-to-know money news
Today’s top story: The importance of having your affairs in order. Also in the news: Why you should save more for retirement, when it’s time to take over your parents’ finances, and when to smash the piggy bank containing your emergency fund. A Cautionary Tale: Get Your Affairs In Order Now Don’t let the biggest […]
Get all the (college) credit you deserve
One way to save money on college, families are frequently told, is to start at a two-year school and then transfer to a four-year institution. The problem with such advice is that a lot of students never make it to the four-year college. Even when researchers control for family background, achievement and ambition, those who […]
Thursday’s need-to-know money news
Today’s top story: What to expect when you’re hit with a penalty APR. Also in the news: What to do when your home equity line is about to end, everything you need to know about personal finance in 100 words or less, and stories from America Saves Week. Am I Stuck With a Penalty APR […]
Wednesday’s need-to-know money news
Today’s top story: Hacks that can give your credit score a boost. Also in the news: Amazon refunds eBook buyers, seniors not taking it easy during retirement, and what you should know about long term care insurance. 4 Credit Score Hacks How to give your credit score a little boost. Amazon e-book customers wake up […]