Some simple strategies for CD savers

By: Lisa Gerstner
Posted on: May 08, 2020

Since the Federal Reserve slashed the federal funds rate to near zero in March, yields on certificates of deposit, a federally insured savings account with fixed interest rates and fixed dates of withdrawal, have been tumbling. “Unfortunately for savers, we will return to the ultra-low interest earnings that prevailed for years following the 2008 financial crisis,” said Greg... READ MORE

Avoid some common estate plan mistakes

By: Bud Boland
Posted on: April 14, 2020

A few years ago, I received a phone call from a woman understandably upset that she might not inherit any of her deceased father’s large 401(k) plan, even though he was divorced and she was an only child. Unfortunately, about a year before, her father divorced for the second time and failed to remove his ex-wife as the beneficiary of his 401(k). While the man probably never intended... READ MORE

Should your next car be new or used?

By: David Muhlbaum
Posted on: April 10, 2020

At Kiplinger, we’ve hewed pretty closely to the same car-buying advice over the years: Used cars offer the best value. Not overspending on a depreciating asset fits well with our get-rich-slowly philosophy. As designated car guy, I’ve repeated that mantra plenty of times. But recently a friend challenged me on it.  He was looking for something safe for his kids, with a stick... READ MORE

Top financial regrets of recent retirees

By: Liz Weston
Posted on: April 08, 2020

In a previous column, I detailed retirees’ biggest lifestyle regrets, such as not traveling more before their health gave out and not communicating clearly with a partner about what they hoped retirement would be like. Now we’ll cover the money moves retirees wish they hadn’t made. The big ones, of course, are starting to save too late and not saving enough, but there are other... READ MORE

As you fill out your 2020 Census form…

By: Mike Schneider
Posted on: April 06, 2020

It’s a question spouses, domestic partners and roommates are going to be forced to confront in the next few weeks as they fill out their 2020 Census forms: Who gets to be the primary person in the household? Everyone else who lives in the home has to be identified on the form by how they are related to so-called “Person 1.” It’s a question that even the most egalitarian homes are ... READ MORE

Be a skeptical consumer during pandemic

By: Eric Friedman
Posted on: April 06, 2020

Whether dealing with snake oil products, phishing scams, price gouging or cancelled travel arrangements, it is a difficult time to be a consumer. Scammers and their schemes change daily.  As a consumer, how can you protect yourself? Here are some of the more common scams circulating together with the virus. First, know that there are no approved potions, pills or treatments to cure... READ MORE