Dear Liz: We have a son who is a high school junior and who is planning on going to college. We met with a college financial planner who suggest we put money in a whole life insurance policy as a way to help get more financial aid. Is that a good idea? Answer: Your “college […]
Recent Blog Posts
Monday’s need-to-know money news
Today’s top story: Should you splurge or save with your tax refund? Also in the news: Saving for the end of the world, understanding Obamacare tax penalties, and why free checking is becoming a thing of the past. Tax refunds: Cheap thrills or savvy savings? Choose wisely. End-of-world money moves to make Why should the […]
Friday’s need-to-know money news
Today’s top story: Choosing between the standard or itemized tax deduction. Also in the news: Taking steps to a better financial future, money mistakes to avoid during your 20s, and the four letter word that can ruin your credit. Should You Take the Standard or Itemized Tax Deduction? While one might be easier, the other […]
Should your credit card issuer have to give you free credit scores?
The Consumer Financial Protection Bureau today called on major credit card issuers to provide free scores to their customers on their statements or online. The regulator’s idea is that low scores could tip people off to problems in their credit reports–problems they might not otherwise find, since too few people get their free credit reports […]
Thursday’s need-to-know money news
Today’s top story: How to protect yourself during online transactions. Also in the news: Finding financial help when you’re not wealthy, saving money at the gas pump, and how to tell if your financial dreams are based in reality. 4 Tips for Secure Online Transactions Protecting yourself while shopping online. How to Find a Financial […]
Wednesday’s need-to-know money news
Today’s top story: What to do when you’re retired and running low on cash. Also in the news: Starting a financial cleanse, what to do if your company switches retirement funds, and the five worst personal finance mistakes. 7 Suggestions for Retirees Running Low on Money Getting the most from your retirement nest egg no […]