Friday’s need-to-know money news

Today’s top story: What to know before sharing credit accounts with a parent. Also in the news: Required minimum distributions, tax-smart ways to withdraw from a 529 college plan, and high bank overdraft fees prompt a call for plain-English disclosure forms. What to Know Before Sharing Credit Accounts With a Parent A generous idea that […]

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Q&A: Capital gains

Dear Liz: If and when we sell our house, the capital gain is likely to exceed the $500,000 exemption limit. I am carrying over a loss of about $100,000 from stock sales. Can I use this loss to offset the capital gain from the house? Answer: Yes. Capital losses can be used to offset capital […]

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Q&A: To help elderly dad hold off mooching adult kids, call in the experts

Dear Liz: My dad, age 90, needs personal care and I am trying to get him to move out of his house to a senior residential place. He is in agreement, but it is taking a long time to make this happen. He owns his home free and clear and, along with the sale of […]

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Friday’s need-to-know money news

Today’s top story: How students can avoid common bank and credit card fees. Also in the news: What to do if you can’t get a student credit card, how to lessen the financial pains of moving, and how to photograph your house for Airbnb. How Students Can Avoid Common Bank and Credit Card Fees Don’t […]

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Thursday’s need-to-know money news

Today’s top story: NerdWallet’s best credit card tips for July. Also in the news: How to set up your 401(k), tips to evade gas pump skimmers, and how painting your bathroom this color could boost your home’s selling price. NerdWallet’s Best Credit Card Tips for July 2017 What to look for in July. How to […]

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Wednesday’s need-to-know money news

Today’s top story: The death of the 20% mortgage down payment. Also in the news: What you need to know about P2P payment apps, working beyond 65, and 5 cars that cost the lowest to insure. The 20% Mortgage Down Payment Is Dead R.I.P Ditching Cash for P2P Payment Apps? 3 Things to Know The […]

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Black marks fall off credit reports in July

Starting July 1, the credit scores of up to 14 million people could begin to rise as credit reports are scrubbed of nearly all civil judgments and many tax liens. Consumer advocates hail the data’s deletion as a long-overdue victory for people whose scores were unfairly dinged by inaccurate information. Others worry the changes could […]

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Tuesday’s need-to-know money news

Today’s top story: What to buy (and skip) in July. Also in the news: Conquering the fear of credit cards, 25 tips for first-time home buyers, and why Millennials can’t have nice things (or save any money.) What to Buy (and Skip) in July Timing is everything. Conquer Fear of Credit Cards Now, Reap Benefits […]

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Monday’s need-to-know money news

Today’s top story: How to assess your credit card needs after divorce. Also in the news: Generation Z is off to a strong start with credit, why your friend has a better credit score than you, and how to ensure your gift cards don’t go to waste. How to Assess Your Credit Card Needs After […]

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Q&A: Deferred compensation plans

Dear Liz: I’m 54 and plan on retiring at 55 with a government pension. I have about $450,000 in a 457(b) deferred compensation plan. I owe about $220,000 on my home. I would like to pay off my 15-year, 2.5% interest mortgage. This would free up $1,900 a month and leave us debt-free. Everyone I’ve […]

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