Dear Liz: I currently have a 401(k) and an IRA, but want something more. A longtime CPA, who is very close to our family, recommended that I buy some stocks, but I’m unsure how to go about this. Answer: When you’re investing, it’s important to be diversified. That means you should spread your money among […]
Recent Blog Posts
Beware debt reduction offers
Dear Liz: What is your opinion of debt reduction programs? I am constantly receiving mail from various companies, and I was wondering if they are legit. They claim they can reduce my debt, which sounds promising, but I am hesitant to get involved with them. Answer: You’ve got good instincts. Many of the companies sending […]
It’s okay to close credit accounts sometimes
Dear Liz: I have heard that you should never close credit card accounts of your own volition because that can hurt your credit scores. Are there any exceptions? I received a credit card several years ago, when my credit scores were in the toilet because of a number of collection accounts and delinquencies. I had […]
Monday’s need-to-know money news
Today’s top story: How to pick a credit card when your options are limited. Also in the news: Reducing your taxable income, rescuing your retirement plans, and why shopping from your couch on Black Friday could save you the most money. How to Pick a Credit Card When You Have Few Options Pay close attention […]
Protect yourself from holiday credit card fraud
Holiday shopping means more opportunities to whip out your plastic—and more opportunities for thieves to try to steal your identity. Here’s what you should do. Be vigilant. If you haven’t already, sign up for online access to your bank and credit card accounts. You should be reviewing your transactions at least weekly. Be reachable. Update […]
Friday’s need-to-know money news
Today’s top story: How to avoid the worst credit cards of 2013. Also in the news: A new debt collection law, five things you should ask your financial advisor, and three investing mistakes retirees must avoid at all costs. How To Avoid The Worst Credit Cards Of 2013 Easy credit can come at a gigantic […]