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Liz Weston

Friday’s need-to-know money news

July 7, 2017 By Liz Weston

Today’s top story: Why you might be down in an up market. Also in the news: 5 Warren Buffett quotes that can make you a better investor, 5 reasons why pay isn’t rising much for many, and how to get the most out of customer loyalty programs.

This May Be Why You’re Down in an Up Market
Don’t take unnecessary risks.

5 Warren Buffett Quotes Can Make You a Better Investor
Wisdom from The Oracle of Omaha.

Where’s my raise? 5 reasons pay isn’t rising much for many
Wages are stuck in the mud.

How to get the most out of customer loyalty programs
Playing the rewards game.

Filed Under: Liz's Blog Tagged With: customer loyalty programs, Investing, pay rates, stock market, tips, wages, Warren Buffett

Free of debt – with regrets

July 6, 2017 By Liz Weston

Stories about how ordinary people pay off debt quickly can be amazing, inspiring — and somewhat deceptive.

These tales often mention the sacrifices debtors made but may gloss over the cost to their quality of life or the misguided choices they made. Becoming debt-free can be a worthy goal, but understanding the pitfalls can keep you from repeating others’ mistakes.

In my latest for the Associated Press, why some folks wish they hadn’t paid off their debt in such a rush.

Filed Under: Liz's Blog Tagged With: debt, Paying Off Debt

Thursday’s need-to-know money news

July 6, 2017 By Liz Weston

Today’s top story: Why you should have a credit card even if you don’t carry a balance. Also in the news: Credit card debt is down in early 2017, how to take advantage of cooling car sales this summer, and how to avoid being a victim at the car repair garage.

Why Have a Credit Card if You Don’t Carry a Balance?
The importance of maintaining credit.

Credit Card Debt Shrank in Early 2017
Paying off debt.

How to Take Advantage of Cooling Car Sales This Summer
Prices are dropping.

How to avoid being a victim at the car repair garage
Don’t get taken for a ride.
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Filed Under: Liz's Blog Tagged With: car repairs, car sales, Credit, credit card usage, Credit Cards

Wednesday’s need-to-know money news

July 5, 2017 By Liz Weston

Today’s top story: How to read the fine print on credit card offers. Also in the news: Mistakes to avoid if you want your student loans forgiven, how to switch brokers and move your investments, and three retirement savings strategiess to use if you plan to retire early.

How to Read the Fine Print of Credit Card Offers
Paying close attention.

Want Your Student Loans Forgiven? Avoid These 4 Mistakes
Forgiveness is possible.

How to Switch Brokers and Move Your Investments
Big banking moves.

Three retirement savings strategies to use if you plan to retire early
Getting out as soon as you can.

Filed Under: Liz's Blog Tagged With: banking, credit card offers, early retirement, fine print, retirement savings, student loan forgiveness

Friday’s need-to-know money news

July 4, 2017 By Liz Weston

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 could backfire.

What Are Required Minimum Distributions?
A taste of your retirement

Tax-Smart Ways to Withdraw Funds From a 529 College Plan
Don’t get hit by a large tax bill.

High bank overdraft fees prompt call for plain-English disclosure forms
No more trickery.

Filed Under: Liz's Blog Tagged With: 529 plans, bank fees, Credit Cards, required minimum distribution, seniors and money

Q&A: Capital gains

July 3, 2017 By Liz Weston

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 gains, including those from a home sale.

Filed Under: Q&A, Real Estate, Taxes Tagged With: capital gains, q&a, real estate

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