Monday’s need-to-know money news

taxesToday’s top story: What to do if you’re a victim of tax fraud. Also in the news: Personal finance items couples hide from each other, why Millennials will spend more on Valentine’s Day, and why you should watch out for student debt predators.

Victimized by tax fraud? Here’s what to do
Take a deep breath.

What personal finance item have you ‘hidden’ from a spouse or partner?
A bounced check or a little bonus? What about a hidden credit card?

Need to slash student debt? Watch out for rip-offs
Watch out for predatory loans.

Millennials to Spend More Than Others on Valentine’s Day, Survey Finds
Ah, young love.

Q&A: Social Security survivor benefits

Dear Liz: I am 63 and retired but have not started to collect my Social Security. My husband will be 67 in March. He started his Social Security at 62. Our plan is to wait until I am 70 to start my benefit, which would make my monthly amount significantly larger than his. If I […]

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Q&A: Long-term capital gains tax

Dear Liz: I’m very confused about the long-term capital gains tax. Several years ago, I bought a house for $525,000 in Texas. I’ve been thinking about selling, and my real estate agent informed me that my home is now worth $1.5 million. I am a disabled veteran and have no tax liability because my income […]

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Q&A: Paying off student loan

Dear Liz: am going to pay off one of my daughter’s private student loans. One has a balance of $8,500 at 4% interest and the other is for $7,500 at 6%. Which one should I pay off? Answer: You have a lucky daughter, either way. In addition to balances and rates, the other variable you […]

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Thursday’s need-to-know money news

Today’s top story: Your FAFSA just became a bit shorter. Also in the news: How to determine how much house you can afford, eight surprising things that are taxable, and a new job perk that could pay off your student loans. Renewal FAFSA: Why It’s Easier and Why You Should Complete It Now The clock […]

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Wednesday’s need-to-know money news

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Today’s top story: How to keep calm and carry on in a volatile market. Also in the news: Why paying off your debt could hurt your mortgage chances, what the Super Bowl can teach you about money, and how your 2015 IRA contribution can hurt 2016-2017 college aid. 5 Ways to Keep Calm, Carry On […]

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Tuesday’s need-to-know money news

Today’s top story: The possible dangers of chip cards. Also in the news: Making housing decisions in retirement, money mistakes to avoid for the newly single, and how to resolve your tax debt. Are Chip Cards Exposing You to a Deeper Form of Identity Theft? False sense of security? Should I Stay or Should I […]

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Monday’s need-to-know money news

Today’s top story: How to tank your good credit. Also in the news: What to buy (and skip) this month, why US schools are getting a failing grade for financial literacy, and the top tax mistakes made by Millennials. 5 Fast Ways to Tank Your Good Credit Score Avoid these at all costs. What to […]

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Q&A: Why your W-4 forms are likely ‘wrong’

Dear Liz: After being an unmarried couple for 15 years, we were married in February 2014. Though I sent this information to my company’s benefits department, I neglected to change my W-4 status from “single” to “married.” I’m crossing my fingers that when all is said and done, we have paid the correct taxes when […]

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