Q&A: Here’s a strategy to save for retirement in a rush

Dear Liz: I’m hoping to retire in three years so I’m saving as much as possible. I’m maxing out my contributions to a 403(b) retirement plan, a 457(b) deferred compensation plan and a Roth IRA. I also contribute $1,000 each month from my paycheck to an after-tax defined contribution plan offered by my employer. A […]

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Friday’s need-to-know money news

Today’s top story: Ready player two? How couples maximize their credit card rewards. Also in the news: The new stimulus package helps ore college students, common tools that can save you time and money on taxes, and how to qualify for 100% subsidized COBRA payments. Ready Player Two? How Couples Maximize Their Credit Card Rewards […]

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Thursday’s need-to-know money news

Today’s top story: COVID-19 relief for homeowners facing a payment crisis. Also in the news: Common tools that can save you time and money on taxes, why you might treat your third stimulus check differently, and how borrowing for emergencies and moving rose in 2020. COVID-19 Mortgage Relief for Homeowners Facing a Payment Crisis Forbearance […]

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Wednesday’s need-to-know money news

Today’s top story: What to do if a fair credit score cuts your credit card options. Also in the news: Should you use points and miles to book 2021 travel, should you purchase travel insurance for your summer vacation, and how often you should be checking your credit report. What to Do If a Fair […]

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Tuesday’s need-to-know money news

Today’s top story: 5 things agents wish people knew about insurance. Also in the news: 10 factors affecting COVID-era travel, how the new stimulus bill will affect unemployment, and how to spend your FSA before the grace period expires. 5 Things Agents Wish People Knew About Insurance Agents from across the U.S. clear up a […]

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Common tools can save you time, money on taxes

Receipts, like memories, tend to fade with time. That’s just one reason to digitize and track tax-related information. The right apps and habits can save space, time, money and hassle — but only if you use them. “Apps should make things easier, not more complicated,” says Clare Levison, a certified public accountant in Blacksburg, Virginia. […]

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Monday’s need-to-know money news

Today’s top story: Some student loan borrowers are 19 months closer to forgiveness. Also in the news: A new episode of the Smart Money podcast on pandemic debt and moving costs, buying life insurance for children, and when you’ll receive the next economic stimulus check. Smart Money Podcast: Pandemic Debt and Moving Costs The economy’s […]

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Q&A: They paid off the mortgage rather than save for retirement. Now what?

Dear Liz: My wife and I aggressively paid down our mortgage and now have it paid off, but we don’t have much saved for retirement. I make about $90,000 a year and will receive a teacher’s pension that will replace between 30% and 60% of that (depending on what option we choose) when I retire […]

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Q&A: When credit scores are fine

Dear Liz: I was once told that the reason my credit score wasn’t higher was an insufficient credit history. Now I am doing what you have recommended by charging a monthly security alarm service to one credit card, a weekly church donation to another and satellite TV to a third. All are paid off each […]

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Friday’s need-to-know money news

Today’s top story: How to handle debt in an unequal recovery. Also in the news: 6 ways to save at the pump, worrying about the right thing with estate taxes, and 4 in 10 Americans are struggling financially one year after the pandemic began. How to Handle Debt in an Unequal Recovery Navigating the K-shaped […]

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