Monday’s need-to-know money news

smartphones_financeToday’s top story: How to get the best deal on a new cellphone. Also in the news: What happens to your debts after you die, when a loan beats a credit card, and how to decide if you need life insurance.

Buying a cellphone? Here’s how to get the best deal.
Read the fine print.

This Is What Happens to Your Debts After You Die
What debts will your estate be responsible for?

5 Times a Loan Beats a Credit Card
Credit cards may be easier, but they’re not always smarter.

Do You Need Life Insurance? How Much Is Enough?
Important calculations.

Monday’s need-to-know money news

Today’s top story: How to decide how much life insurance you really need. Also in the news:2014-08-15-lifeinsurance1 What you should know before opening a credit card, money habits that could save you thousands, and what you need to know before buying or leasing a car.

How Much Life Insurance Do You Really Need?
How to evaluate this important decision.

Read This Before Opening a Credit Card
Analyzing the fine print.

9 Habits That Could Help You Save Thousands
Changing the way you spend and save.

Top 10 Things You Should Know About Buying or Leasing a Car
Even more fine print!

5 Ways Your Health Insurance Plan May Change in 2016
What to expect in the new year.

Thursday’s need-to-know money news

Household-Budget1Today’s top story: What to expect from your company’s financial wellness program. Also in the news: What to do if you’re being audited, big life insurance mistakes, and three absolute necessities if you’re buying a home.

What to Expect From Your Company’s Financial Wellness Plan
Taking cues from physical wellness plans.

Getting Audited? 5 Things You Should Know
Don’t panic.

10 Big Life Insurance Mistakes People Make
Plan carefully.

3 Things You’d Better Have If You’re Serious About Buying a Home
The essential checklist.

Thursday’s need-to-know money news

debt collectorsToday’s top story: How a single missed student loan payment can damage your credit. Also in the news: Finding a financial advisor who won’t rip you off, how tax liens can affect a spouse’s credit, and seven fall budget moves you need to make before the holidays begin.

Most Students Don’t Get How Bad It Is to Miss Loan Payments
A single missed payment could take a severe bite out of your credit score.

How to Hire a Financial Advisor Who Won’t Rip You Off
Due diligence is key.

Life Insurance Agents and Commissions: What You Should Know
Beware the sales pitch.

How Tax Liens Affect a Spouse’s Credit
Community property states mean trouble for both credit scores.

7 Fall Budget Moves You Need to Make Now
Get busy before the holidays.

Friday’s need-to-know money news

2Today’s top story: Knowing when it’s time to talk to a financial advisor. Also in the news: Money tips for college students, why you might need life insurance if you’re getting divorced, and five reasons why you have a bad credit score.

7 Times You Need to Talk to a Financial Advisor
Going it alone isn’t always a good idea.

Back-to-School Money Tips for College Students
How to avoid going broke in the first month.

Getting Divorced? You Might Want — or Need — Life Insurance
Covering your financial obligations.

5 Reasons You Have a Bad Credit Score
Time for credit check.

Q&A: Term life insurance

Dear Liz: My husband doesn’t qualify for term life insurance because he is overweight and pre-diabetic. Although he’s working on getting in shape, I’m afraid something might happen. I should add we have a 3-year-old daughter, and he is the main breadwinner.

What would you suggest we do to ensure we are covered if something were to happen?

Answer: Just because your husband was turned down by one insurer doesn’t mean others won’t accept him. Even people who are obese or who have diabetes can find coverage, so your husband shouldn’t accept that he’s uninsurable.

Look for an independent agent or broker who works with several companies rather than a captive agent who works for just one or two. A fee-only financial planner may be able to help you find a good agent. The planner also could recommend an appropriate amount of coverage.

Your husband also should investigate any coverage he might have through his job. Many employers provide a base amount of coverage as a benefit (frequently $50,000 or one year’s pay) and often allow workers to buy additional coverage without requiring medical exams.

The downside of employer-sponsored group life insurance is that he may not be able to buy as much coverage as he needs. He may need 10 times his annual salary, for instance, but his group policy may max out at five times his salary. Also, the policy may not be portable — it may end if he’s laid off or quits, for example.

The best strategy will depend on the costs he faces. But one approach may be to buy as much employer-provided coverage as possible and supplement it with an individual term policy purchased on his own.

If his health improves, he could boost his individual coverage while buying less of the employer-provided kind.

Tuesday’s need-to-know money news

1403399192000-retire-workToday’s top story: The important ages for retirement planning. Also in the news: How to rebound from a credit setback, signs you might be a victim of identity theft, and what your car rental insurance might not cover.

9 Important Ages for Retirement Planning
Marking the milestones.

8 Ways to Rebound From a Credit Setback
Don’t panic.

10 Signs You Might Be a Victim of Identity Theft
How to catch the problem early.

What Your Credit Card Rental Car Insurance Might Not Cover
Something to keep in mind while traveling this summer.

How to Choose a Life Insurance Company: 5 Questions to Ask
How to be sure you’ve picked the right one.

Thursday’s need-to-know money news

401K Nest EggToday’s top story: Auditing your 401(k) plan. Also in the news: When you should buy both whole and term life insurance, the tax documents you should always keep, and how a balance transfer could help your credit score.

How Good Is Your 401(k) Plan?
This basic audit will tell you.

When to Consider Both Whole and Term Life Insurance
Why purchasing both may be best.

Tax Documents You Should Always Keep
What to keep and what to shred.

A Balance Transfer Can Help Your Credit Score
Understanding your credit utilization ratio.

6 Mistakes You Make When You Check Your Credit
Of course, not checking your credit would be the biggest mistake of all.

Wednesday’s need-to-know money news

Life InsuranceToday’s top story: How to refinance your home without piles of paperwork. Also in the news: Why you should skip credit card advances, understanding your life insurance policy, and 10 ways you could be throwing money away.

Can You Refinance Your Home Without a Mountain of Paperwork?
Finding a loan that doesn’t require a million documents.

Skip Credit Card Cash Advances: Convenience Costs Too Much
Quick cash can come with a heavy price tag.

Managing Your Life Insurance Policy: Understanding Key Terms
Knowledge is power.

10 Ways That Too Many People Throw Money Away
Stop doing that!

Monday’s need-to-know money news

Zemanta Related Posts ThumbnailToday’s top story: How to make saving for retirement less miserable. Also in the news: The best type of financial plan, refinancing your student loans, and four ways to cut the cost of life insurance.

How to Take the Misery Out of Saving for Retirement
It doesn’t have to be painful.

The Best Financial Plan is the One That Motivates You to Take Action
Motivation could be the key to success.

How to Decide If You Should Refinance Your Student Loans
Navigating the murky waters of refinancing.

4 Ways to Cut the Cost of Life Insurance
Don’t pay more than you have to.