Get smart with your money
Dear Liz: As an employee of a public agency that offers a 457(b) account, it would be helpful to know if these accounts are insured in a manner similar to a 401(k).
Answer: Employer-provided, tax-deferred 457(b) accounts are quite similar to 401(k)s. Both allow employees to make pretax contributions to a retirement account that can be invested for future growth. The accounts aren’t insured the same way bank accounts are, but the money is kept in a separate trust that’s protected from creditors.
Today’s top story: What a payroll tax deferral may mean for your paycheck and taxes. Also in the news: 4 ways to end your car lease early, what to do if losing your job means losing life insurance, and don’t skip these estate planning moves during the pandemic.
What a Payroll Tax Deferral May Mean for Your Paycheck and Taxes
Things to keep in mind.
4 Ways to End Your Car Lease Early
You can transfer your lease, sell to a dealer or take out a loan to buy the car and then sell it yourself.
What to do if losing your job means losing life insurance
Consider your needs.
Don’t Skip These Estate Planning Moves During Coronavirus
Important moves to consider right now.
Today’s top story: What no student loan payments until 2021 means for you. Also in the news: How to get started if you’ve never had a bank account, how to get a personal loan in a COVID-19 economy, and how the new payroll tax deferral will affect you.
What No Student Loan Payments Until 2021 Means for You
Diving into the details.
How to Get a Personal Loan in a COVID-19 Economy
Keeping strong credit, having verifiable income and comparing offers will help borrowers get a personal loan.
How the New Payroll Tax Deferral Will Affect You
Important details.