Liz Weston: Getting older may be reason enough reason to cancel unused credit cards – OregonLive
Dear Liz: Someone recently asked you if closing a credit card was worth the hassle, and you replied that there was no strong reason to do so, and that it could actually have a negative impact on your credit score. As a senior, there are two legitimate reasons: theft and fraud. Many people of a […]
Oregon’s lottery winner is a billionaire before taxes; how much will they have after? – OregonLive
Oregon Lottery Winner Receives Prize $1.326 billion on Saturday night After purchasing tickets in Northeast Portland. But before that amount is paid, the government will receive its due. These taxes are high no matter what dividends the unidentified winners receive. The federal government treats lottery winnings as income. The Oregon Lottery will withhold at least […]
Liz Weston: Check Social Security rules carefully before lower earner starts taking benefits – OregonLive
Dear Liz: I’m 64 years old and still working and making a decent salary. Her wife retired at age 61. I have lived most of my life as a high earner while she worked and supported her family. I have no intention of retiring anytime soon. Is it a good idea for her to start […]