Q&A: Federal estate tax exemption

Dear Liz: You mentioned that the federal estate tax exemption limit this year is $5.49 million per person. Can I double that if married? Answer: Essentially, yes. Married couples can double the amount that can be given or bequeathed to heirs tax free. If one spouse doesn’t use up his or her exemption, the surviving […]

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Friday’s need-to-know money news

Today’s top story: Why you should front-load your IRA in January. Also in the news: Rideshare insurance for drivers, why January is the best time to buy a home, and how fifteen minutes a day can get your finances in order. Front-Load Your IRA in January for a Bigger Payoff It’s all about compound interest. […]

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Thursday’s need-to-know money news

Today’s top story: Debt collectors continue to defy requests to stop calling. Also in the news: How to map out a year’s worth of shopping, how stuck-in-the-middle parents can afford college, and why your free credit score might not be what you think it is. 3 in 4 Say Debt Collectors Defy Requests to Stop […]

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Wednesday’s need-to-know money news

Today’s top story: Trump’s student loan repayment play vs. Obama’s REPAYE. Also in the news: What to do if you’re rejected for a checking account, how divorce can affect your credit score, and how easing your financial stress could help you live longer. Trump’s Student Loan Repayment Plan vs. Obama’s REPAYE Understanding the differences. Can’t […]

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Tuesday’s need-to-know money news

Today’s top story: 7 ways to improve your finances in 2017. Also in the news: How to help your kid graduate from college debt-free, how rising home values can boost your mortgage refinance, and why Americans are blowing it when it comes to personal finance. 7 Ways to Improve Your Finances in 2017 Making the […]

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Monday’s need-to-know money news

Today’s top story: How to avoid 3 bank fees you shouldn’t be paying. Also in the news: One-word answers to your money questions, life insurance in 250 words, and how allowance contracts could help kids learn about money. How to Avoid 3 Bank Fees You Shouldn’t Be Paying Don’t pay your bank to access your […]

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Q&A: What to do when a financial planner gives bad advice

Dear Liz: I personally like my fee-only financial advisor, who has been managing my portfolio (gained as inheritance) for the last six years. But she has me invested in bonds and gold only and insists that we wait until stock prices fall to get back in the stock market. We have been waiting for six […]

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Q&A: Will paying off collections help credit scores?

Dear Liz: I have a question about clearing up collections on my credit reports. I used a credit repair company that did help me with most of the setbacks on my credit reports, but I still had collections that were recent and my scores were going up and down. The credit repair company left me […]

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Friday’s need-to-know money news

Today’s top story: What to buy for every month of the year. Also in the news: Why you should think twice before borrowing for your kid’s college, why you need to stop hoarding your credit card rewards, and why banks are starting to look more like cafes. What to Buy Every Month of the Year […]

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Thursday’s need-to-know money news

Today’s top story: 10 smart insurance resolutions for 2017. Also in the news: Why your prepaid debit card needs FDIC insurance, the assumptions that can make or break your financial planning, and what will cost more – and less – in 2017. 10 Smart Insurance Resolutions for 2017 Strengthening your safety net. Why Your Prepaid […]

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