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retirement savings

Friday’s need-to-know money news

May 10, 2019 By Liz Weston

Today’s top story: 8 ways to keep your travel credit card working for you. Also in the news: How being neighborly can save you money, why new federal student loans are getting cheaper, and to save more for retirement, add this to your budget.

8 Ways to Keep Your Travel Credit Card Working for You
Making sure your card is pulling its weight.

How Being Neighborly Can Save You Money
Borrowing tools and beyond.

New Federal Student Loans Are Getting Cheaper
Interest rates are dropping.

To Save More for Retirement, Add This to Your Budget
Making savings a line item.

Filed Under: Liz's Blog Tagged With: federal student loans, interest rates, neighbors, Retirement, retirement savings, travel credit cards

Thursday’s need-to-know money news

May 9, 2019 By Liz Weston

Today’s top story: Is better credit worth exposing your banking data? Also in the news: The average 401(k) balance by age, 8 common and costly homebuying myths, and why debt collectors may soon be able to text you.

Is Better Credit Worth Exposing Your Bank Data?
Other ways to build credit.

The average 401(k) balance by age
Balances typically increase as you age.

8 Common and Costly Homebuying Myths
Don’t get trapped.

Why Debt Collectors May Soon Be Able to Text You
And email you.

Filed Under: Liz's Blog Tagged With: 401(k), banking data, credit boost, Credit Score, debt collectors, homebuying myths, real estate, retirement savings

Income can peak before you’re ready

April 30, 2019 By Liz Weston

Most retirement calculators are optimistic to a fault. They assume our incomes will rise throughout our working lives, or at least stay roughly the same.

In reality, our incomes are likely to peak years — and sometimes decades — before we retire. In my latest for the Associated Press, why saving early for retirement is crucial.

Filed Under: Liz's Blog Tagged With: retirement calculators, retirement savings

Friday’s need-to-know money news

April 26, 2019 By Liz Weston

Today’s top story: Are you robbing your parents’ retirement. Also in the news: When is your credit score high enough, when a cash back card is better than travel rewards, and how to pay for your pet’s healthcare.

Are You Robbing Your Parents’ Retirement?
Parents helping their adult kids at the expense of their future.

When Is Your Credit Score High Enough?
Your credit health matters.

It’s OK If Travel Rewards Cards Aren’t for You
A cash back card could be better.

How to Pay for Your Pet’s Healthcare
Taking care of your furkids.

Filed Under: Liz's Blog Tagged With: adult kids and money, cash back rewards, Credit Score, pet insurance, Retirement, retirement savings

Wednesday’s need-to-know money news

April 24, 2019 By Liz Weston

Today’s top story: How income-based student loan repayment is calculated. Also in the news: The ideal debt-to-income ratio for student loan refinancing, why you might be eligible for a TurboTax refund, and how adult children are eating into their parents’ retirement savings.

How Is Income-Based Repayment Calculated?
Determining your monthly student loan payment.

Debt-to-Income Ratio for Student Loan Refinancing
Below 50% is the target.

You Might Be Eligible for a TurboTax Refund
If you paid to file, read this.

Adult children are eating into parents’ retirement savings: Study
Putting retirement on the back burner.

Filed Under: Liz's Blog Tagged With: adult children, debt-to-income ratio, income-based student loan repayment, retirement savings, student loan refinancing, TurboTax

Friday’s need-to-know money news

April 19, 2019 By Liz Weston

Today’s top story: Why you should ask your parents about their financial plans. Also in the news: Why you no longer need a chip-and-PIN card overseas, earning and burning your airline rewards to maximize free flights, and 1 in 4 millennials raiding 401(k)s early to pay down debt.

Yes, You Should Ask Your Parents About Their Financial Plans
Life moves fast.

Do You Need a Chip-and-PIN Card? Probably Not Anymore
“Chip-and-signature” becoming widely accepted overseas.

‘Earn and Burn’ Your Airline Rewards to Maximize Free Flights
Use your miles as soon as possible.

Yikes: 1 in 4 millennials raiding 401(k)s early to pay down debt
Risking retirement.

Filed Under: Liz's Blog Tagged With: airline miles, chip-and-PIN cards, financial plans, millennials, parents and money, retirement savings, seniors and money, travel

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