My daughter and I just got back from a 1,300-plus mile road trip so I could attend a business conference in Phoenix. Along the way we checked out Joshua Tree, Prescott, the Grand Canyon, Sedona, Montezuma’s Castle and the Tuzigoot National Monument. The trip back included stops at the Salton Sea and the amazing Living […]
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Monday’s need-to-know money news
Today’s top story: Personal finance tips for single parents. Also in the news: Overlooked tax deductions, deciphering credit card offers, and upgrading a forgotten 401(k). 5 Personal Finance Tips for Single Parents Planning for emergencies is key. 5 Tax Deductions That Are Typically Overlooked Don’t shortchange your deductions. How to Read a Credit Card Offer […]
When is the best time to take spousal benefits?
Dear Liz: My wife will be 62 in a few months. I am 77 and we both work full time. Can she collect her spousal Social Security benefit while still working and take her full benefit at 70? Answer: That option is available to her only if she waits until her full retirement age (currently […]
Can life insurance be used as an estate planning tool?
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 […]
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 […]