This week’s top story: Smart Money podcast on your Social Security benefits, and tax efficient retirement investing. In other news: Mortgage rates could slip lower in May, if a brokerage sweep account is a good place to earn interest or not, and inflation maybe starting to behave. Smart Money Podcast: Your Social Security Benefits, and Tax […]
Recent Blog Posts
Audit your credit cards for greater savings
Credit card rewards help our family save money on groceries, gas and other necessities. We also use rewards for airline tickets, hotel rooms and airport lounge access. We’re in good company. Most Americans have at least one rewards card, and nearly half of rewards cardholders are using their perks to help offset rising inflation, according […]
Q&A: Social Security cost of living adjustments
Dear Liz: I am 67 and am delaying taking my Social Security until age 70 to take advantage of the 8% annual deferral. I was told by an individual at the Social Security office that I won’t get any inflation adjustments, such as the 8.7% increase for this year, and that people only receive the inflation […]
Q&A: Taxes on account withdrawals
Dear Liz: We have two large expenses that need to be paid this year. I’m in my late 60s. My wife is in her 50s. I think that we should pull the money from our brokerage account (which is taxable) and protect the money in our IRA and Roth IRA accounts so that it can continue […]
Q&A: How to help someone else build credit
Dear Liz: My 30-year-old son lives in Southeast Asia. He has some U.S. bank accounts but no U.S. credit cards. If I add him to my credit card, will that help to establish credit? Or is there another way for him to start getting credit in the U.S.? At some point, he and his wife will […]
This week’s money news
This week’s top story: Smart Money podcast on neurodiverse money, and financial infidelity. In other news: Health care sharing mimics Medigap, but isn’t insurance, what to know to take Social Security early, and 12 words sum up a successful plan for a financial life without budgeting. Smart Money Podcast: Neurodiverse Money, and Financial Infidelity This week’s […]