Dear Liz: I’m in my early 30s and never carry cash. I charge everything on my debit card. This seems to be a topic of discussion in my office. My co-worker keeps getting his identity stolen and says that using debit cards to pay for everything wreaks havoc on your finances. He says I should […]
Recent Blog Posts
Parent’s medical bills may be tax deduction
Dear Liz: The writer who wrote in about her mother’s medical bills should check to see if she took those bills as a schedule A deduction on her 2010 and 2011 federal tax returns. She still has time to amend those returns, if that is useful. Answer: That’s a terrific suggestion. The writer’s mother may […]
Monday’s need-to-know money news
Today’s top story: Could holding out until 70 make a significant difference in your retirement? Also in the news: Saving on holiday air travel, what to do when retirement boredom sets in, and what daily habits could be derailing your budget. Does Layaway Affect Your Credit? Could this convenient holiday shopping tool impact your credit […]
Thursday’s need-to-know money news
Today’s top story: Three key numbers that will make your retirement planning easier. Also in the news: Common budgeting mistakes, how to save on groceries with your smartphone, and getting your financial house in order. Retirement Planning With Just 3 Numbers These three key numbers will make your retirement planning easier. 5 Budgeting Mistakes Most […]
Wednesday’s need-to-know money news
Preparing your holiday checklist, why checking your credit report is a must, and what you need to know about a possible national debt default. Pre-Holiday Guide: What To Mark On Your Financial Checklist Santa isn’t the only one with a list for the holidays. Why Some People Choose Work Over Retirement What happens when retirement […]
Divorced spousal benefits cause confusion
Dear Liz: You’ve been writing about Social Security and how people can qualify for benefits based on a spouse’s or ex-spouse’s earnings record. Please add that given the parameters you already cite, a divorced spouse may remarry after the age of 60 and collect Social Security from the ex. However, if a person is collecting […]