Q&A: Missing 401(k)

Dear Liz: I worked for a company during the late 1990s. When I left, I had a 401(k) worth approximately $10,000. I recently found an old 401(k) statement and called the plan administrator. I was told my company's accounts had been transferred to another plan administrator in 2008. I called the new administrator and was told they also could not find my 401(k) using my Social Security number. How do I proceed? What are my options?

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Searching for a Facebook Customer Service Number? Don't.

Have you ever searched for a customer service number online? NPR's All Tech Considered while working on a story decided to search for Facebook Customer Service. Prominently displayed at the top of the Google search results was a phone number. That number will get you a person but not from Facebook.

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It's Tax Time Again. These Tips Can Help.

Tax season. For many people those words mean it's time to complete an unpopular task. So whether you like to get this chore done as soon as possible or wait until the last minute, here are some tips, reminders, and other information to help you prepare your taxes.

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Q&A: Financial Advisor

Dear Liz: I have met with a financial advisor, but he wants every investment to go through him. Although he is an advisor, he works for a company and wants me to buy their products. I'm a little resistant about this. What's your advice?

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7 Simple Steps to the Best Checking Account

Life is a lot easier if you have a checking account. You can store your money, you get a debit card that is linked to your checking account, to be able to go online and make purchases, and you can even pay someone with a check if you don't have cash on you.

But here's the problem: Hundreds of financial institutions want you to open your first checking account with them. Some will try to rip you off, while others will do their best to help you.

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Turning 65 This Year? It’s Time to Sign Up for Medicare

Are you turning 65 this year? Is a parent or grandparent? One important task to take care of in the months around that 65th birthday is enrolling in Medicare. You (or your relative) need to enroll during this initial enrollment period (IEP) if your plans fit either of these situations:

  • You’ll be turning 65 this year, and you plan to apply to start receiving Social Security at that time.
  • You’ll be turning 65 this year, but you plan to keep working and not apply for Social Security until you can receive full benefits at age 66 or at a later age up to 70.

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Q&A: Review Each Other's Credit Reports Before Marriage

Dear Liz: I'm 58 and got married for the first time almost two years ago. I discovered my wife has several incredibly large outstanding student loans, including a parent Plus loan for her son's education that she thought was in deferment and that has nearly doubled to well over $100,000. In addition, my wife has her own student loans, which total over $40,000 and have rates from 3% to nearly 7%. Needless to say, I was shocked and dismayed to discover this debt and wish she had shared it with me earlier.

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Q&A: Irrevocable Gift Trust

Dear Liz: My parents, ages 75 and 76, have established an irrevocable gift trust for my five siblings and me. Wonderful! With the single trust, they have maxed out their lifetime gifting exemption. What else can they do with their other investments to minimize the inevitable estate taxes that will come with their deaths? They have lived a frugal life of caution and reserve, but before their nest egg can be distributed to their heirs, the government will extract millions of dollars.

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Google's New Privacy Policy; You May Want To Become Invisible

With Google's new privacy policy in place (June 2016), the company will now combine their huge database of web browser data (your Google searches) with the personal information they collect from their services like Gmail.

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Another Yahoo! Data Breach. Over a Billion Users Affected.

Yahoo announced on December 14, 2016, that a major data breach occurred in 2013 which affected over 1 billion accounts. This breach is larger and is a different breach than the 2014 breach that Yahoo announced in September 2016.

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Is Paying Down Debt a 2017 Resolution? Tips for Success

Besides winter storms, January tends to bring post-holiday bills. For many people, that also brings New Year's resolutions to pay down the debt they have and do a better job of not getting into debt in the first place. Using the sound financial practices profiled in this report can help you succeed quickly.

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Take 5 Steps to Protect Your Privacy and Financial Information

Identity theft and fraud targeting your financial information and well-being continue to increase. In its latest figures, the Federal Trade Commission reported a 47% percent increases in identity theft complaints from 2014 to 2015. A Department of Justice Survey indicated that 17.6 million Americans experienced ID theft in 2014. Digital devices and online connectivity make life more efficient and convenient. But the advantages may also lead to increased risk of identity theft and financial fraud that target your money. Taking the following 5 steps can provide significant protection for yourself and your money.

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Millennials: All About (Your) Credit

I'm betting that you know what credit is: an arrangement for you to pay for something at a later date. "Okay, gimme the car today, and I'll pay you later."

You've also heard of credit scores, right? But do you know how important that credit score is to the rest of your life?

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Q&A: Don't Want Him to Think We're Gold Diggers

Dear Liz: Our mother recently died after a long illness. Our father is in his 70s and is getting a lot of attention from ladies at his church and the senior center.

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Subcategories

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    • Financial Well-being


      Want to improve your credit score? Want to cut your tax bills?  Like to tear up hundred dollar bills? (You're probably doing that). How about this:  want to wake up retired and without money?  Your Financial Well-being rules your life.  We put you in charge of the rules.

       

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    • Privacy Rights

      Every worry about identity theft?  Worry about young people and the dangers of the web? Mind if I read your private emails?  Or browse through your medical records? This section takes you into the scary world of privacy, fraud and identity theft.  FoolProof gives you the information you need when it comes to identity theft and privacy issues.   

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