Tuesday’s need-to-know money news

Today’s top story: How to avoid waiting on credit card customer service lines. Also in the news: COVID-19 refunds on campus, why older Americans might be having trouble getting credit cards, and money-saving tips everyone should know.

How to Avoid Waiting on Credit Card Customer Service Lines
Alternatives to sitting on hold.

Will You Get a Refund If COVID-19 Closes Your Campus?
You might get a refund for room and board, but don’t expect a tuition refund if campus shuts down again.

Why older Americans might be having trouble getting credit cards
How banks determine creditworthiness.

Money-Saving Tips Every College Student Should Know
Saving money whenever possible.

Tuesday’s need-to-know money news

Today’s top story: Is it harder for seniors to get credit cards? Also in the news: Factoring in fees on grocery, delivery, what to do if losing your job means losing your life insurance, and there’s still time to claim your missing $500 stimulus for dependents.

Is It Harder for Seniors to Get Credit Cards?
Even with more time to build history, seniors may have a hard time getting credit.

For grocery delivery, add fees to the list
Convenience comes at a cost.

What to do if losing your job means losing life insurance
Examining your options.

There’s Still Time to Claim Your Missing $500 Stimulus for Dependents
Another opportunity to get your stimulus.

Friday’s need-to-know money news

Today’s top story: Can you have too much credit? Also in the news: How to safely move during a pandemic, what personal finance apps should be doing to better serve older people, and how to avoid paying a penalty if you missed the tax filing deadline.

Can You Have Too Much Credit?
Credit scoring formulas don’t punish people for having too many credit accounts, but too much debt can hurt scores.

How to Move Safely During a Pandemic
Keeping yourself and your stuff safe.

This is what personal finance apps should be doing to better serve older people
What a survey revealed about the apps.

How to Avoid Paying a Penalty If You Missed the Tax Filing Deadline
You could qualify for a first-time penalty abatement.

Should seniors consider a reverse mortgage now?

Reverse mortgages allow older homeowners to turn part of their home equity into tax-free cash, using a loan that doesn’t have to be paid back until they die, sell or move out.

That sounds good to a lot of seniors navigating financial fallout during the coronavirus pandemic. Stay-at-home orders may have taken away jobs needed to make ends meet, while low interest rates and a volatile stock market have endangered income from retirement savings.

A reverse mortgage could be exactly the right tool at the right time. Or it could be an expensive mistake. In my latest for the Associated Press, learn exactly how these loans work and alternatives to explore before you commit.

How to buy the last house you’ll ever buy

My husband and I bought what we thought was a starter home 20 years ago. Now we think of it as our “forever” home, where we plan to retire and live out the rest of our days.

We got lucky, because most of the features that make our place good for “aging in place” — the single-story layout, open design, wide doorways — weren’t on our must-have list when we were newlyweds.

We’re not the only people who didn’t think far enough into our future. The vast majority of homebuyers and remodelers don’t consider what it might be like to grow old in their homes, says Richard Duncan, executive director of the Ronald L. Mace Universal Design Institute, a nonprofit in Asheville, North Carolina, that promotes accessible design for housing, public buildings and parks. In my latest for the Associated Press, what you should take into consideration for the future when buying a home.

Q&A: Keep your ID papers current

Dear Liz: In helping my 92-year-old father update his trust, we ran into a snag. Both his passport and driver’s license had expired.

We thought he didn’t need them since he does not travel, drive or hit the bars.

But to notarize documents, you need current identification. Getting a state ID card added many weeks to the process.

Remind your elderly readers to keep their ID current.

Answer: Consider it done.

Tuesday’s need-to-know money news

Zemanta Related Posts ThumbnailToday’s top story: How to stop being afraid of credit cards. Also in the news: Personal finance lessons we wish we learned in school, protecting seniors from financial scams, and how to avoid money mistakes after losing a spouse.

Scared of Credit Cards? This Tool Could Help You Make the Leap
There’s nothing to be afraid of if you do it right.

6 personal finance lessons we wish were taught in school
Probably more helpful than trigonometry.

How to Guard Against Common Scams That Target Seniors
Protecting your loved ones from predators.

4 Money Mistakes People Often Make After a Spouse Dies
Don’t make any impulsive decisions.

Friday’s need-to-know money news

Zemanta Related Posts ThumbnailToday’s top story: How to find the most important information in your credit report. Also in the news: Financial scams that target seniors, questions for first time tax filers, and how to cut your tax bill with credit card deductions.

5 Things You Absolutely Need to Find in Your Credit Reports
How to find the important information.

7 Financial Scams that Target Seniors
What to look out for.

5 Questions First-Time Tax Filers Need to Answer
Welcome to the real world!

Cut Your Tax Bill with Credit Card Deductions
Business owners should pay close attention.

Wednesday’s need-to-know money news

Zemanta Related Posts ThumbnailToday’s top story: Where to save for retirement if you make less than $100,000. Also in the news: Financial therapy, the least prepared states for retirement, and a guide to refinancing your mortgage.

Don’t Wait For Obama’s MyRA: The Best Places To Save For Retirement If You Make Less Than Six Figures
The best time to start saving is now.

Do You Need Financial Therapy?
You don’t need to deal with money problems alone.

Retirement readiness looks grim in many states
Wake up, South Carolina!!

Four-Step Guide to Refinancing Your Home Mortgage
Lower interest rates could save you money.

Money-saving tips for seniors
Easy ways to keep some extra money in your wallet.