Your personal finance questions, answered.
How to use your tax refund to polish your credit
If you’re looking to build credit or help your score recover from past mistakes, a cash infusion can help — especially if you know where to target it for maximum impact.
About half of Americans expect an income tax refund this year, according to a NerdWallet survey of 2,002 U.S. adults conducted by The Harris Poll. Those expecting a refund estimated they will receive $2,207, on average.
A couple thousand can make a big improvement in your finances. Here’s how to use a refund to polish your credit.
Divide up your refund
First, figure out how much of your refund you want to assign toward building credit.
It’s OK not to use every last nickel of your tax refund for responsible, un-fun purposes. Financial coach Rick Zwelling of Right Path Financial Coaching in Columbus, Ohio, recommends a little splurge — perhaps a night on the town. “We don’t want to live in permanent austerity,” he says.
Bruce McClary, vice president of public relations and communications at the National Foundation for Credit Counseling, recommends using about two-thirds of a refund for credit building or debt repayment. Split the remaining money between fun and savings.
Keep in mind, building savings can protect your credit.
McClary points out that many consumers don’t have cash available to cover an unexpected expense of $400. Even a small savings cushion can help handle surprise expenses without running up credit card balances. Keep adding windfalls like tax refunds, raises and bonuses to build enough to cover minimum payments in the event of an emergency like losing your job.
Deploy your credit-building fund
Once you’ve settled on how much to spend on spiffing up credit, you need to figure out how to apply it.
The first step is to check your credit reports for accuracy, say both Zwelling and McClary. You may find an error that’s holding down your score. Request free annual credit reports from the three major credit bureaus by using annualcreditreport.com, then dispute any errors you find.
Your next steps after that depend on whether you’re a credit newbie or have an established history:
If you have established credit
Bring all accounts current. While you’re reviewing your reports, make sure you’re up to date on payments on every account. If not, catching up on late payments is the first priority because these hurt your credit score the most.
Prioritize debt payoff. If you carry balances on credit cards, you can help your credit by whittling them down. Here’s how:
- Target cards where your balance exceeds 30% of the limit. After paying on time, the next-biggest factor in your credit score is how much of your credit limits you use. McClary recommends keeping all cards under 30% of their limits — and going lower is better for your score. Signing up for a free credit score on a personal finance website is an easy way to see your credit utilization for each card and overall.
- If you have multiple small balances, you could zap those. Seeing debts disappear can be motivating, Zwelling says. And eliminating small balances on several cards can help your credit.
- Not carrying balances month to month? Think about reducing the highest-interest debts first. Zwelling says you’ll pay less in overall interest that way.
If you’re a credit newbie
If you’re hoping to use your refund windfall to establish credit, consider a secured credit card. You make a deposit when you apply, and in many cases, your credit limit will be equal to your deposit. Because your deposit cuts the risk to the lender, these are easier to qualify for than unsecured cards.
When choosing a card, check the terms and conditions or call the issuer to verify it will report your account activity to the three major credit bureaus, Equifax, Experian and TransUnion. Also, ask if the issuer will let you “graduate” to an unsecured card after a certain number of on-time payments.
Once you have a secured card, use only a small portion of your credit limit and pay on time. You should have established a FICO credit score in about six months, and a VantageScore much sooner than that.
Avoid common pitfalls
If you have an old debt collection on your credit reports, proceed carefully. Zwelling cautions against paying unless you can pay in full. Otherwise, he says, activity on the account could turn old history into a current problem.
And if you zero out credit card balances, be aware that closing a credit card can hurt your score. That’s because it reduces the average age of your accounts and overall credit limit. If you’re tempted to close an account since you don’t expect to use it again, you may want to reconsider.
Be your financial Valentine
Valentine’s Day: a day to celebrate your partner or a day to celebrate yourself. And while it may not sound romantic, this time of year is also an opportunity to show your finances some love.
Whether you’re single or in a relationship, build toward your future by defining your goals, budgeting for splurges and getting started with investing.
Know your goals
Setting a goal is the first step in any kind of money decision. After all, money is just the means to live the life you want.
If you’re single: This is the fun part: Grab a glass of something you like and write down goals, whether it’s going on a dream vacation, buying a new car or maybe pursuing the business idea you’ve been chewing on forever. Don’t second-guess your ideas — having them all in front of you will help you prioritize the goals you truly value.
If you’re paired up: Turn this into a date night and work on shared goals together, says Angela Moore, a certified financial planner at Modern Money Advisor in Miami.
Moore suggests asking each other basic money questions over dinner. To prevent a fight, stay open to hearing your partner’s way of doing things, she says.
She recommends open-ended questions like:
- “What do you feel you’re really good at with money?”
- “What do you think you can work on?”
- “What are your dreams for the future?”
Once you have a list of goals, estimate how much it will cost to achieve them and how long each will take. Print out the list and pin it up to track your progress.
Make a budget
Prioritizing your goals in the first step allows you to create a budget that matches your spending to your values. “Focus on the things that bring you great joy,” Moore says.
The 50/30/20 budget is a good way to divvy up your money: 50% goes to needs like housing and utilities, 30% goes to wants like your coffee habit or eating out, and 20% goes to savings and debt repayment.
If you’re single: Knowing what you value means you can cut spending in other areas. At the same time, the “wants” category lets you stick to a realistic budget so you don’t feel like you have to give up on splurges.
If you’re paired up: You’re probably aware of whether you and your partner have different spending and saving styles. Use your strengths and weaknesses to hold each other accountable to the budget, Moore says. Spenders and savers can draw inspiration from each other, for example.
Whether you have separate or combined accounts, you can agree to each have some money to spend as you wish (like on a Valentine’s Day treat for your partner). The key is to have an open dialogue about it, Moore says.
Invest in your goals
Once you know your goals and what it will take to achieve them, figure out your “investment strategy.” This just means how quickly you want your money to grow for your goals.
A quick heads-up: Investing for goals isn’t the same as saving for retirement. Make sure you have retirement savings in place first; check whether your workplace offers a retirement account and company match. “The most important thing is to just get started. Time is one of the most important factors when it comes to compounding your initial contributions into significant wealth,” says Eric Roberge, a certified financial planner at Beyond Your Hammock in Boston.
If you’re single: Investing doesn’t have to be scary or mysterious. Robo-advisors have made it easy to get started even with small amounts of money. You can answer a few questions to set your risk tolerance and invest your money accordingly.
“When you’re just getting started, keep it simple. Stick to things you can understand and are relatively safe and reliable rather than trying to shoot for the moon,” Roberge says.
Low-cost index funds and exchange-traded funds are two good options for millennials in particular, Moore says.
If you’re paired up: How you manage investments depends on your equation as a couple and both your incomes. You could invest together equally or in proportion to your income. One of you might also be more inclined to organize money matters.
“Even if one person takes the lead, the other should check in along the way to see how the money’s grown,” says Rebecca Provder, a matrimonial attorney and partner at Moses & Singer in New York City.
How to navigate your most dangerous decade — your 50s
Losing a job is almost always traumatic. In your 50s, job loss can be devastating — and devastatingly common.
More than half the workers who entered their 50s with stable, full-time jobs were laid off or pushed out at least once by age 65, according to an analysis of employment data from 1990 to 2016 by the nonprofit newsroom ProPublica and the Urban Institute, a nonprofit think tank. Only 10% of those who lost a job ever found another that paid as much, and most never recovered financially.
Such concerns may seem remote in a booming economy, when the official unemployment rate is 3.5% overall and just 2.4% for those 55 and over. But recessions are inevitable, and even in good times older workers can be more vulnerable to involuntary job loss because of age discrimination.
These realities make it important to have a plan for navigating what could be your most dangerous decade.
It can be tempting after decades of work to think you can coast to retirement. But older workers who aren’t proactively adding skills are more likely to be laid off, says Susan Weinstock, vice president, financial resilience programming at AARP.
“If the economy tanks, they’ll be the first to go,” Weinstock says. “Staying current in your field is really important.”
Weinstock recommends that older people take advantage of any training opportunities their employers offer, volunteer for new assignments and become both “a mentor and mentee.” A younger co-worker could help you stay up-to-date with the latest technologies used by your office, for example.
“This is a great way for you to learn from someone else and to build more relationships,” Weinstock says.
And when it comes to relationships, more is better. Weinstock urges older workers to keep growing their networks, since most new jobs are found through someone you know.
Save more, save earlier
“Catch up” provisions were created to help workers supercharge their savings in the years before retirement. In 2020, for example, employees 50 and older can contribute up to $26,000 to workplace retirement plans such as 401(k)s, compared with the limit of $19,500 for younger workers. If you can take advantage of these provisions, great, but it’s risky to put off saving for retirement expecting to make up for it later. A better plan is to start saving as soon as possible and to increase your savings rate whenever you can.
You also probably need to beef up that emergency fund. The average length of unemployment for people 45 to 54 is a little over five months, according to the Bureau of Labor Statistics. For people 55 to 64, it’s just shy of six months. In a recession, those durations likely will grow.
Many people find their ability to save is hampered by the amount of debt they have. Federal Reserve statistics show that households headed by people 45 to 54 years old owed more than twice as much in 2016 as similar households in 1989.
Limiting how much you owe as you age can give you more financial flexibility. If you’re refinancing a mortgage, for example, consider choosing a loan term that allows you to be debt free by retirement, if not before. Be cautious about borrowing money for education, either for yourself or a child, since the loans typically can’t be discharged in bankruptcy and could be tough to pay back if you lose your job.
Wean the kids
Many parents provide their adult children with some financial support, and it’s typically for household expenses rather than emergencies. But ongoing handouts could jeopardize your financial health and theirs. Setting clear financial boundaries can help you wean them off the family dole.
You may find another job quickly if you lose your current one, but it’s best to act as if you won’t by cutting nonessential spending, asking lenders about possible forbearance or hardship programs and staying in touch with your network.
“If you see this coming, start looking immediately,” Weinstock says. “And actually I would say, always keep your eye out. There’s no reason not to, because you never know what could happen.”
Identity theft protection you may not know you already have
Ever spend a lot on a new tool or kitchen gadget and then discover you already have one, or something similar?
If you’re thinking about paying for identity theft protection, it’s worth checking to see if you already have access to free or deeply discounted monitoring services or recovery help.
Your chances of being affected by a data breach are about 1 in 15 in any single year — and it’s virtually guaranteed that your identity will be compromised sometime in your lifetime, says James E. Lee, chief operating officer of the Identity Theft Resource Center, a nonprofit that assists identity theft victims.
While there’s no way to eliminate the risk completely, you can minimize it.
Where to find free protection
You can purchase ID theft protection services, which can cost $200 or more per year. But you may also have access to free or low-cost services you can activate. Sources could include:
- Your bank or credit union.
- Your credit card issuers.
- Your employee benefits plan.
- Your homeowners or renters insurance.
- Organizations you belong to, such as AAA or AARP.
Also, if you’re affected by a data breach, you’ll likely be offered free credit or identity theft monitoring for a time. For example, consumers affected by the Equifax data breach in 2017 were offered several years of credit monitoring. Even those who didn’t file a claim under the Equifax settlement are eligible for free identity restoration services for the next seven years.
Lee suggests checking your choices, picking the protection you like best and activating it.
On the other end of the spectrum, cybersecurity and ID theft expert Robert Siciliano, head of training at Protect Now, signs up for all the free protection he can get.
“I am of the notion that the more awareness you have, the better,” he says. “I get alerts all the time, and I love that.”
But know yourself: If you would ignore frequent alerts, or if you have misgivings about giving your private data to multiple companies, choose one.
Different levels of coverage
There are two main types of identity theft protection. The first is monitoring. At its simplest, it notifies you when your credit is checked, which is a clue that someone may be trying to open credit in your name. It generally goes beyond just credit monitoring and adds things like fraud resolution services or lost wallet protection, which allows you to get credit, insurance and other cards replaced with one phone call. Some services layer on other kinds of monitoring, such as flagging use of your Social Security number, bank account credentials or health insurance.
The second type, identity theft recovery assistance and insurance, is designed to help you clean up the effects of identity theft.
Insurance generally helps victims recover financial losses and money spent as a result of identity theft. Plans can be as different as health insurance policies, Siciliano warns. The types and amounts of coverage vary, and so can the documentation required to access them. Read the terms and conditions or terms of service, and know what receipts or records you might need to provide.
How to reduce your risk
The best way to reduce risk is to make yourself less of a target.
A credit freeze is the closest you can come to a rock-solid guarantee that scammers cannot access your personal credit data. Both Lee and Siciliano recommend it as the first line of defense.
“Not having a credit freeze is like not drinking fluids and sleeping and eating food,” Siciliano says. “It should be fundamental to living, especially in our credit-driven, data breach culture.”
Other strategies include:
- Choose long passwords. Lee suggests creating something you’ll remember, working from a family story or a line from a poem. Lee said you no longer need to change passwords every 90 days. And there’s no need to make it complex, he says, but you do need to make it memorable.
- Don’t recycle. More than 65% of 3,000 consumers in a Google-Harris Poll survey said they reuse passwords across multiple accounts. Don’t let one password — or the same phrase embedded within passwords with an added character or two — be the master key to your personal information. You can use a password manager service like LastPass, Bitwarden or 1Password to keep track.
- Favor safety over convenience. Use two-factor authentication when it’s offered. Consider an authenticator app such as Authy, Google Authenticator or Duo Security; they’re even more secure than being texted a code.
With a credit freeze, credit monitoring and identity theft protection services, Siciliano says you have “protection times three. If you don’t have any of that, you are what bad guys consider the low-hanging fruit.”
SmartMoney Podcast: ‘Should I invest or pay down my student loans?’
Welcome to NerdWallet’s SmartMoney podcast, where we answer your real-world money questions — in 15 minutes or less.
This week’s question is from Kelly in Sacramento. She asks: “My tech company offers stock options, and there is so much hoopla over them in the Bay Area. I don’t know if I should even exercise [the options] given my $90,000-plus student debt, but at the same time have FOMO.”
We get the FOMO (fear of missing out)! You don’t want to miss an opportunity, but you also don’t want to have student loans for the rest of your natural life. This is all about balancing financial priorities.
Companies offer stock options as a way to attract, reward and retain employees. There are a lot of different ways stock options can be structured, but in general the company is giving workers the right to buy a certain amount of stock at a discounted price. The hope is that that stock will then rise in price, so the employee can sell the shares and pocket the difference.
Employee stock options come as a grant that limits how much stock you can buy, and a vesting schedule that gives you ownership of that stock over time. This is an incentive to get you to stick around.
You can buy the stock (also known as “exercising the options”) and hang on to it, but that could mean tying up a lot of money. You also can wait to buy the stock until you’re ready to sell it — when the company goes public, for example. You don’t have to lock your money up for months or years waiting for something that might not happen.
It’s important to keep in mind that there are no guarantees. The stock price could rise in value a lot or a little, or it could fall and make your options worthless. Also, you don’t want too much of your investment portfolio to be tied up in the same company that employs you. If your company goes belly up, you could lose your job and the money you invested.
In addition, there are a lot of tax implications with stock options, so you’ll definitely want to hire a CPA or other tax pro to provide guidance.
At NerdWallet, we recommend people get on track with their retirement savings, pay off toxic debt such as credit cards and have an emergency fund before they think about other investing or making extra payments on their student loans or other relatively low-rate, tax-deductible debt. If your student loan debt doesn’t feel manageable, look into income-driven repayment plans for your federal loans and possibly refinancing any private student loans. If your debt feels manageable and you want to exercise some options, just remember to talk to that tax pro first!
Stock options can be structured a lot of different ways. Be sure you understand how your company treats options, and consult a CPA or other tax pro about the tax implications.
Emergency funds, retirement saving and getting rid of high-rate debt should be top priorities. Only after those bases are covered should you think about investing more or making extra payments on low-rate, tax-advantaged debt such as student loans or mortgages.
Stock options offer special rewards and special risks. Everyone hopes to get rich with their options, but it’s important to limit the part of your investment portfolio that is invested in your employer.
Liz Weston: Hello, welcome to the NerdWallet SmartMoney podcast, where we answer your money questions in 15 minutes or less. I’m your host, Liz Weston.
Sean Pyles: I’m your other host, Sean Pyles. As always, be sure to send us your money questions. You can call or text the Nerd hotline at (901) 730-6373. That’s (901) 730-NERD. Or you can email us at firstname.lastname@example.org.
Liz: This episode, we’ve got a really interesting question that’ll be familiar to anyone who’s worked at a startup. It comes from Kelly in Sacramento. She asks, “My tech company offers stock options, and there is so much hoopla over them in the Bay Area. I don’t know if I should even exercise [the options], given my $90,000 student loan debt, but at the same time have FOMO.” That’s fear of missing out, for any of you who don’t know. “Most of the people I work with in tech are lucky to have no debt, as their parents paid for all of their college.” Lucky people. “It is a private company, so I can’t just sell my options on the open market. What’s your advice?"
Sean: Oh boy, Kelly. So you’re dealing with student loans, but you also want to try your hand at investing. It sounds like we have some similar financial journeys here. I also have that FOMO. I don’t think that we’re alone with that. And Kelly, I really like your question because it’s about balancing financial priorities. Should you pay off your student loan debt, or should you spend some of that money on your company’s stock options? And how should you even think about handling your stock options? It’s a pretty tricky question all around.
Liz: Fortunately, at NerdWallet we love tricky questions. We also have some guidance for how to balance those competing priorities. In this episode of the NerdWallet SmartMoney podcast, we’re going to talk with Investing Nerd Arielle O’Shea, to help us understand stock options and how to think through competing financial priorities.
Sean: OK, let’s get on with the show.
Liz: Hey, Arielle, thanks for joining us.
Arielle O’Shea: Thank you for having me back.
Sean: I’m so glad to have you here. OK. Arielle, can you please start by giving us a brief explainer of what employee stock options are?
Arielle: Yes. Stock options are just one part of a compensation package that an employer might offer you. Like Kelly said, they’re very common at startups, but they can be offered by other companies as well. What they do is they give you the right to buy the company’s stock at a specific price during a specific period of time. Let me make sure this is understood, because it’s really important, and I was actually confused by this at first, too, when I first was offered stock options. It’s the option to buy the stock, but the company isn’t giving you the stock. You have to actually pay for it, which means you need money to exercise the options.
What they’re giving you is the right to buy the stock at what is hopefully going to be a discounted share price, and a price that’s going to remain a discount. If you buy the stock, you’re exercising your options. Then the hope is that that stock will then rise in price even further, so then you can turn around and sell the shares that you purchased at that lower price and pocket the difference. Employee stock options come as a grant. They’re called a stock grant. The grant is going to limit or set how much stock you are being offered to buy. There is going to be a vesting schedule that’s going to limit when you can buy that stock.
Liz: Grants, and vesting, and exercise, oh my. Those are a lot of terms that people might not be familiar with. Can you give us an example?
Arielle: Sure. Let’s pretend Kelly got a grant of 2,000 stock options, and the company says it’s on a four-year vesting schedule. That means that she has the right to “exercise," and exercise just means buy, the stock over a four-year period of time. A really common vesting arrangement is 25% per year over that four years, which would mean Kelly could buy 500 options after her one-year work anniversary. Then she can buy 500 more each year after those four years. Then she will be fully vested in the stock, and she will have purchased all of her options. But that’s just one way stock options can be structured. There are a lot of other ways. It varies a lot by company.
Sean: Okay. It seems like the long and the short of it is that, to entice employees and have them play the long game with the company, the employees are invited to buy a little piece of this company hoping that one day the company is worth a few billion dollars, so that eventually after you buy the stock, you can then later on sell it and buy yourself a yacht and sail off into the sunset. Just to simplify this whole process.
Arielle: Yeah, that’s definitely the hope. I would say that might be a slight oversimplification. Because it doesn’t always work out that way. We all want to sail off on a yacht, but there are some important things that people should know. If the company is already public, it’s a little bit easier to understand. Public means the shares are already traded on a stock exchange, so you know how much those shares are trading for. You could theoretically exercise your options, and then sell them the same day. You would do that if you were going to make a profit.
But if the company is not already public or there aren’t ready buyers for that stock, then you can buy the stock and hold on to it. Or you can wait to buy until there’s an opportunity to sell. You can buy the shares as your options vest, but some companies actually will let you buy them before you’re vested. This is called early exercise. There are some tax advantages to that, so find out if your company offers that. If you do want to buy the stock, that’s something that you should look into.
Sean: Yeah. One thing I want to touch on is that there’s actually no guarantee that the stock will actually become more valuable than the price that you bought it at. Right?
Arielle: Right. There is no guarantee. You could make a lot of money by purchasing the stock, or you could make a little, or the options could end up worthless. In fact, really the only guarantee is that there are serious tax implications to all of this. If you have stock options, you should also have a CPA to give you advice about them. That’s really important.
Liz: Arielle, what’s the best way to approach this for most people?
Arielle: In general, the buy-and-hold method makes sense when the share value of the stock is really cheap and you have faith in the company’s long-term growth prospects. If you’re paying very little per share, you’re not risking all that much money, and you can get favorable tax treatment if you buy and hold the right way. Again, talk to that CPA. Otherwise, you might want to wait for some sort of liquidity event exercise.
Liz: That’s really important. You can always wait and buy the stock when the liquidity event happens. When there’s an IPO, for example. You don’t have to tie your money up for months or years waiting for something that might not happen.
Sean: OK, I just want to take a step back. I will say that is a lot to digest. If anyone is feeling a little overwhelmed by all of that information, just go back and rewind. We won’t even know that you did it. Or you can also check out our show notes post at nerdwallet.com/podcasts for more info.
Arielle: Did we mention you should also talk to a CPA?
Liz: Seriously. Stock options are one of those areas where you really need the help of somebody who lives and breathes taxes. This is just not DIY territory.
Sean: Right. That’s a really good disclaimer as well. Talk to that CPA, because they are the experts in this. Now let’s turn to the second part of Kelly’s question, how to balance the competing financial goals of paying off student loan debt and wanting to invest. Liz, what are your thoughts on this?
Liz: Basically, you don’t want to put off investing until you’re completely debt-free. That’s because it just takes too long for most of us to get out of our debt. It could take decades. You could be passing up great opportunities in the meantime. Here’s how we break it down at NerdWallet. We suggest people start with a starter emergency fund. That’s like $500. You don’t have to save up the three months’ worth of expenses or whatever you’ve heard. You just need something to get started. Next, we want you to take full advantage of any 401(k) match you have at work. That’s free money. Don’t leave that on the table. Number three, now you focus on paying off toxic debt. That’s credit card debt, payday loans, anything with a higher variable interest rate is something that you should focus on paying off. After that’s taken care of, then you kick up your retirement savings and your emergency savings. You’ll notice that paying off your mortgage early, paying off your student loans early, that’s not on the list until we get to this point. Till you have all your other financial ducks in a row, don’t worry about making extra payments on the mortgage or the student loans. Now, again, this is general advice for most people. Your situation could be different, so keep that in mind.
Sean: One thing I would love to add on to that is that paying off toxic debt with a high interest rate is, in a way, a form of investment. Because once you have that debt paid off, you won’t be spending as much money monthly on the interest rate to whatever company you owe money to. That is really valuable.
Liz: Yeah, exactly.
Sean: Arielle, one thing I want to ask you about, I’ve also heard the argument that by spending most of your waking hours working at a company, that in itself is a form of investment. It’s not paying dividends per se, but at least it’s paying your rent this month.
Arielle: Right. It kind of is paying dividends in a way, because you’re getting those regular paychecks, which are what dividends are. But this is a really important point, and I’m glad you brought it up. It is so important to limit the part of your investment portfolio that’s invested in your employer for that very reason. If your company goes belly up, you could lose your job, which means that paycheck dries up, and you could lose the money you invested in the company’s stock. You’re really hit both ways, and that can be really damaging.
Sean: Yeah, that’s a really good point there. I do want to touch on student loans here, because $90,000 is a lot of student loans. I have a fraction of that, and it does hurt me every month to pay it, so totally sympathize with you, Kelly. But if you want to make your payments a little more manageable and you have private student loans, maybe look into refinancing. If your loans are federal, I’m going to guess that you’re probably best on the standard payment plan, but also income-driven plans can help if you are struggling to afford your student loan payments. We have more details on student loan tips on our show notes post at nerdwallet.com/podcast. All right, Kelly, well I hope that helped answer your question. With that, Liz, let’s get to our takeaway tips.
Liz: Absolutely. The first most important thing is, with stock options, make sure you understand the terms of your company’s arrangement, because they’re all a little bit different, and get a tax pro’s help. Again, this is not something you should be doing on your own. Number two, the financial priorities part, paying off debt versus investing. You want to take full advantage of any company matching a 401(k) and pay off toxic debt like credit cards before you make any extra payments on student loans or mortgages. You do want to do some investing while you’re paying off debt. You should not just do one goal at a time, because it just takes too long to get that debt paid off in most cases.
Sean: All right. That is all we have for this episode. Again, if you have a money question of your own, turn to the Nerds and call us or text us your questions at (901) 730-6373. That’s (901) 730-NERD. You can also email us at email@example.com, and visit nerdwallet.com/podcast for more info on this episode. Remember to subscribe, rate and review us wherever you’re getting this podcast.
Liz: Here’s our brief disclaimer, thoughtfully crafted by NerdWallet’s legal team. Your questions are answered by knowledgeable and talented finance writers, but we are not financial or investment advisors. This Nerdy info is provided for general education and entertainment purposes, and may not apply to your specific circumstances.
Sean: With that said, until next time, turn to the Nerds.
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