How to beat car dealers at their own game, managing your own wealth, and how to stay in your home after losing a spouse. The Secret to Beating a Car Dealer How to negotiate the best deal when purchasing a new car. Why You Should Manage Your Own Money Tips on how to manage your […]
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Wednesday’s need-to-know money news
Getting your finances together in the name of love, how to save on homeowners insurance, and how Twitter could save you a bundle on back-to-school shopping. Study: Pinching Pennies Is Good for Your Dating Life Tired of spending your nights alone? Getting your financial act together could be the key to romance. An Easy Way […]
Tuesday’s need-to-know money news
The Benefits of Financial Therapy Could talking to a therapist help your financial woes? 5 Mistakes You Make When Managing Your Debt The necessary strategies for managing your debt. 7 Ways To Be A Good Financial Role Model Setting a good financial example for your kids. Don’t get ripped off by credit card skimming at […]
Stick to an investment plan for best results
Dear Liz: If I plan to stay invested for more than 15 years and I can tolerate the ups and downs of the market, why would I want to put any of my 401(k) money into bonds instead of putting it all in various stock funds? The bond funds in my 401(k) have a five-year […]
Will credit scores be helped by faster loan paydown?
Dear Liz: I had a 730 credit score and went shopping for a car. The inquiries on my credit report took my score down to 704. Now that I have the auto loan, does it help my score to make larger payments and reduce the principal faster? The payment is currently $375 but I could […]
Tax bills for inherited IRAs
Dear Liz: I am 64. My grown children, ages 23 and 25, are the beneficiaries of my retirement accounts. I have a Roth IRA, a SIMPLE IRA and a Rollover IRA. When I die, what will be the tax consequences for them? Will they have to pay any tax upon inheriting the accounts, and will […]