LOS ANGELES (Reuters) – Millions of families will fill out a key financial aid form in coming weeks, many for the first time. Unfortunately, mistakes on the Free Application for Federal Student Aid (FAFSA) are easy to make, education experts said. Here are some of the most costly errors to avoid: 1. Failing to file […]
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Friday’s need-to-know money news
Today’s top story: A simple way to help your credit. Also in the news: Financial fasting, the best financial resolutions for the New Year, and why you’re not being paid what you’re worth. What’s the Simplest Thing I Can Do to Help My Credit? This one thing could make a huge difference. Should You Go […]
How long will “back door” Roth conversions be allowed?
Wealthier taxpayers are doing a two-step around Roth income limits by putting money into regular IRAs and then promptly converting the accounts to Roths. They’re taking advantage of Congress’ decision to remove the previous $100,000 income limit for conversions. That decision, which took effect in 2010, led to a conversion boom: $64.8 billion transferred from […]
Thursday’s need-to-know money news
Today’s top story: Understanding your credit reports. Also in the news: Sticking to your financial resolutions, the pros and cons of money apps, and confessing your deep, dark money secrets to your financial advisor. How to Read Your Credit Reports How to make sure you’re finding any and all errors. The 3 Pitfalls Likely To […]
Wednesday’s need-to-know money news
Today’s top story: Five credit card mistakes that you can fix. Also in the news: Staying financially fit in the new year, making 2014 the year you get out of debt, and how to give your paycheck a boost. 5 Credit Card Mistakes You Can Fix How to right credit card wrongs. 5 Ways to […]
How couples can agree on a retirement plan
Dear Liz: My husband and I are 56. We need to plan for retirement, but whenever the topic comes up, I find that either we have no idea or we disagree on what we will do during our retirement. Naturally, our activities during retirement will affect the funds we will need. We need help to […]