Daily Money - Some Good Financial News

Money
Happy New Year. I usually spend the first few days of January mistakenly writing the prior year on checks, but not this time. It feels good to turn the page on 2020. That said, the virus hasn’t loosened its grip on the country, and we’re hardly out of the woods from a public health or an economic perspective. Today’s featured story explores the financial toll the virus has taken on several Americans. One of them, a 58-year-old marketing manager, got some good news at the end of the year: after being laid off in September and applying to about 100 jobs, she finally landed a new position. Learn more about her story — and the compromises she made as an older worker — in today’s edition.

Best wishes,
Elizabeth

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TIMELY RETIREMENT NEWS, INSIGHTS, AND ADVICE

What to Do if You Haven't Received Your Second Stimulus Check Yet


Even if you expect a direct deposit, watch your mail carefully.

RETIRE WITH MONEY COMMUNITY INSIGHTS
This week in our Retire with Money Facebook group, a 35-year-old member posted this question to the group: “I have just talked with my financial advisor from [large brokerage firm] and I’m less than thrilled with him. I’m very heavy in dividend stocks and very light in growth...My 2020 return was negative.” The S&P 500 stock index gained around 16% in 2020, so that last sentence was painful to read. Members’ consensus was clear: fire your advisor. You can do better either on your own, or with a fiduciary advisor who must put your interests first.
RETIREMENT NEWS FROM AROUND THE WEB
Your 2021 Financial To-Do List
Here’s a month-by-month rundown. MORNINGSTAR
The Secret to My Financial Success
It pays not to meddle with your portfolio. HUMBLE DOLLAR
How to Find and Listen to Great Podcasts
Looking to mix up your list? Here are some suggestions. NEXT AVENUE
Can Habit-Tracking Apps Help Bring Some Routine Back to Our Quarantine Lives?
They can issue reminders all day long, but they can’t do the work for you. VOX
Elizabeth O'Brien is deputy editor at Money. She has covered retirement and health care for nearly a decade. A Brooklyn resident and mom of two boys, she navigates the alphabet soup of Medicare and the New York City subway system with equal ease. You can email her at elizabeth.obrien@money.com and follow her on Twitter at @elizobrien.

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Small Business Owners Just Got More Time to Apply for EIDL Pandemic Loans

Tuesday, January 5, 2021

Daily Money Everyday Money Small Business Owners Just Got More Time to Apply for EIDL Pandemic Loans Entrepreneurs now have another year to request relief. Credit Cards Credit Repair: Should You Pay to

Money’s 2021 Real Estate Outlook: What to Expect for Mortgage Rates, Home Prices and More

Saturday, January 2, 2021

Daily Money Investing Money's 2021 Real Estate Outlook: What to Expect for Mortgage Rates, Home Prices and More Will the new year be as wild for housing as the one we're leaving behind? Credit

Here’s When You’ll Get Your Second Stimulus Check

Friday, January 1, 2021

Daily Money Coronavirus Here's When You'll Get Your Second Stimulus Check Keep a close eye on your bank account, and your mail. Family Finance How to Go to College for Free (or Pretty Close to

‘Trying Like Heck’ to Make Ends Meet: How 3 Families Are Weathering the Financial Fallout of COVID-19

Thursday, December 31, 2020

Daily Money Coronavirus 'Trying Like Heck' to Make Ends Meet: How 3 Families Are Weathering the Financial Fallout of COVID-19 With limited help from the government, Americans have had to milk

Should You Keep Paying Your Student Loans Even If They Might Get Forgiven?

Wednesday, December 30, 2020

Daily Money Coronavirus Should You Keep Paying Your Student Loans Even If They Might Get Forgiven? Current borrowers can skip payments without facing any penalties. Insurance Insuring a Vacation Home

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