Monday’s need-to-know money news

Today’s top story: What really happens when you try to win money to pay down student loans. Also in the news: How to sidestep the potential pitfalls of travel credit cards, new Barclays feature gives you more spending control, and how to pay the exact amount of taxes you owe in advance. What Really Happens […]

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Q&A: Student loan forgiveness fail

Dear Liz: You recently answered a question from someone who had defaulted on federal student loans. You mentioned ways to get out of default and qualify for income-driven repayment plans that could reduce her monthly payments. Couldn’t she also qualify for student loan forgiveness? Answer: There are programs that are supposed to allow federal student loan balances to be […]

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Q&A: Don’t make this Social Security mistake when planning retirement

Dear Liz: I’m 64, single, and was diagnosed with Type 2 diabetes. I still work full time but due to my health, it’s getting harder to do. I have a 401(k) from this job. I’m just wondering how smart would it be, all things considered, to retire now and collect Social Security since the chances of […]

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Friday’s need-to-know money news

Today’s top story: Hit with a tax penalty? The IRS might give you a do-over. Also in the news: Why your 401(k) just got more valuable, how to capture savings on professional photography, and how to talk about money on the first date. Hit With a Tax Penalty? The IRS Might Give You a Do-OverHow […]

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Thursday’s need-to-know money news

Today’s top story: How being late on your taxes could ground your vacation plans. Also in the news: 5 ways to maximize ‘shoulder season’ travel, what it’s like to win money to pay down student loans, and why you shouldn’t use your debit card on anything you can’t afford to lose. Late on Your Taxes? […]

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Wednesday’s need-to-know money news

Today’s top story: Travel rewards can take you far – but only if you pay attention. Also in the news: How blind loyalty can cost you in the points and miles game, the states where tax bills have shrunk the most, and what to do if your credit card application was rejected. Travel Rewards Can […]

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Tuesday’s need-to-know money news

Today’s top story: The one form that could be the root of all your tax woes. Also in the news: Income-driven student loan repayments, 4 credit score horror stories that could happen to anyone, and understanding the difference between a hobby and a side hustle. This One Form Could Be the Root of All Your […]

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Your 401(k) just got more valuable

If your tax refund this year was disappointing, you may be able to do something about it: Contribute more to a retirement fund. Tax-deductible contributions to 401(k)s, IRAs and other retirement accounts are among the few remaining ways to reduce taxable income if you don’t itemize deductions. And few of us do these days: Only about 1 […]

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Monday’s need-to-know money news

Today’s top story: What students can learn from the days before college loans. Also in the news: How one couple paid off over $120,000 in debt in three years, which 1.5% cash-back credit card you should choose, and how millennials racking up credit card points could backfire. What Students Can Learn From the Days Before […]

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Q&A: Figuring home-sale taxes

Dear Liz: My husband and I bought a home in Los Angeles in 1976 for $200,000. He died in 1992. The value of the house was at that time about $850,000. (I had it appraised.) I want to sell the house now. The value is about $2 million. How much would be the stepped-up base for […]

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