Monday’s need-to-know money news

Today’s top story: How to responsibly handle an inheritance. Also in the news: 7 questions to ask before selling a stock, how to create your own pension, and why 35% of college seniors don’t know what their student loan repayments will be. How to Responsibly Handle an Inheritance Don’t run out and buy a sports […]

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Q&A: Start saving early for retirement in case that last day of work sneaks up on you

Dear Liz: What advice would you give to a Silicon Valley professional who hasn’t done a good job planning for retirement? I’m 53 and maxing out my 401(k), saving $24,000 a year with my employer matching my contributions dollar for dollar up to 6% of salary. In addition, I’m saving $50,000 to $60,000 of my […]

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Q&A: Keeping retirement money in various accounts helps with tax bills

Dear Liz: I am having difficulty determining if I should invest money in my 457 deferred compensation account or in a taxable account, as I am in the 15% tax bracket. Also, does it matter whether I invest in a Roth IRA instead of my traditional IRA? My biggest pot of money is in a […]

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Friday’s need-to-know money news

Today’s top story: Three student loan risks parent borrowers should avoid. Also in the news: Why you don’t have to be rich to feel good about your money, how second chance checking reopens doors to banking, and the lazy person’s guide to travel hacking. 3 Student Loan Risks Parent Borrowers Should Avoid Be careful. You […]

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Thursday’s need-to-know money news

Today’s top story: Which states have estate and inheritance taxes. Also in the news: Why making money with online games is a bad bet, cities with the most and fewest young homeowners, and a decade after the Great Recession, 1 in 3 Americans still haven’t recovered. Which States Have Estate and Inheritance Taxes? How about […]

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Wednesday’s need-to-know money news

Today’s top story: Suing banks will get easier – if CFPB rule survives. Also in the news: 2017 Driving in America report, 7 tips for preparing your taxes in a divorce, and why you need to stop beating yourself up over past money mistakes. Suing Banks Will Get Easier — if CFPB Rule Survives And […]

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Tuesday’s need-to-know money news

Today’s top story: How folks took charge of their credit card fears. Also in the news: Getting tax relief from good deeds, five sales to shop on Amazon Prime Day besides Prime Day, and how to tell where your state tax dollars are actually going. How Folks Took Charge of Their Credit Card Fears Taking […]

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Chasing a dream? Fix your finances first

Mark Howard of Basalt, Colorado, earned a hefty six-figure income during his 25-year career in financial services. His dream, though, was to teach high school — a job that paid about $40,000 a year. When he floated the idea past his wife and business partner, Danielle Howard, her reaction was surprise and unease. He was […]

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Monday’s need-to-know money news

Today’s top story: 3 money tools to save you from yourself. Also in the news: Why paying off debt with retirement money can be dangerous, how to make money selling stuff online, and why you should think twice before giving up financial control at the altar. 3 Money Tools to Save You From Yourself We […]

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Q&A: Figuring out capital gains when an inherited house is sold

Dear Liz: I’ve have been following your responses related to the tax exemption on home sales. I understand that up to $250,000 per person of home sale profit is exempt from capital gains taxes and that married couples are entitled to exempt up to $500,000. My spouse and her two siblings inherited a home from […]

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