Tax refund predators are waiting

People who don’t have much money during the rest of the year can become big targets during tax refund season. For those living paycheck to paycheck, tax refunds — which average around $3,000 — may be the largest chunk of unobligated cash they see all year. Retailers hope to get some of that money, but […]

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Monday’s need-to-know money news

Today’s top story: The No-Drama approach to personal finance. Also in the news: Hiking your savings rate, how to find the right credit card the right way, and why you should beware of mortgage companies offering to double your down payment. The No-Drama Approach to Personal Finance There’s no crying in personal finance. If the […]

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Q&A: The give and take of federal gift tax rules

Dear Liz: We are planning to build an addition to our home so that my mom can move in with us and will take out a loan to pay for it. Let’s say that we put down $50,000 and take out a loan for the remaining cost of $150,000. After the addition is built, my […]

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Q&A: Frequent flier cards

Dear Liz: I have an airline credit card but I find it really hard to use the frequent flier miles I get. The “free” flights have gotten more expensive (they take more miles) and harder to find. I’m getting sick of paying an annual fee for nothing. Would I be better off with a cash-back […]

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Q&A: Investing during retirement

Dear Liz: I’ll be retiring shortly. After 30 years of public service, I’m fortunate to have a generous pension. I’ll be paying off all my debts upon retirement, including my mortgage. I have a deferred compensation account that I will leave untouched until I’m required to take disbursements at 70 1/2 (15 years from now). […]

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Friday’s need-to-know money news

Today’s top story: Don’t let the extra hour of sun burn your wallet. Also in the news: Strategies to save money each month without sacrificing, why you should embrace classic investing wisdom under President Trump, and how to stop spending impulsively once and for all. Don’t Let the Extra Hour of Sun Burn Your Wallet […]

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Thursday’s need-to-know money news

Today’s top story: Distinguishing between needs vs. wants and how to budget for both. Also in the news: The pros and cons of an LLC, the bull market’s 8th anniversary, and why you shouldn’t lie on your taxes. Needs vs. Wants: How to Distinguish and Budget for Both An important distinction. LLC: Pros and Cons […]

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Wednesday’s need-to-know money news

Today’s top story: 12 tips to cut your tax bill. Also in the news: Why Millennials shouldn’t forget about estate planning, 7 amazing things to be after you die, and the U.S. cities with the highest credit scores. 12 Tips to Cut Your Tax Bill Itemizing is key. Millennials, Don’t Forget Estate Planning Putting it […]

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9 bills where you can cut a better deal

The word “bills” used to be synonymous with “fixed expenses.” But there’s nothing fixed about many of the bills a typical household pays today. Some bills have introductory rates that expire, shooting monthly costs skyward. Others offer secret discounts or upgrades to those in the know. Providers constantly tweak their plans and pricing, which means […]

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Tuesday’s need-to-know money news

Today’s top story: What immigrants earn in each state and how much they send abroad. Also in the news: Steps to reach your savings goal, why you should tread carefully in the broker wars, and why your financial planner should be a fiduciary. What Immigrants Earn in Each State and How Much They Send Abroad […]

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