• Skip to main content
  • Skip to primary sidebar

Ask Liz Weston

Get smart with your money

  • About
  • Liz’s Books
  • Speaking
  • Disclosure
  • Contact

Liz Weston

Thursday’s need-to-know money news

July 24, 2014 By Liz Weston

download (1)Today’s top story: Are you behind the financial times? Also in the news: How to better organize your bills, talking with your family about inheritance, and learning the five parts of your credit score.

6 Signs You’re Behind the Financial Times
Still writing checks?

4 Ways to Better Organize Your Bills
And kiss late fees goodbye in the process.

On Inheritance, UBS Urges Families to Break the Silence
The importance of difficult conversations.

Everyone Should Know the 5 Parts of a Credit Score; Do You?
Let’s find out.

5 Ways to Make Peace With Money
What to do when money is your nemesis.

Filed Under: Liz's Blog Tagged With: Credit Scores, Estate Planning, Inheritance, Money, organizing tips

Wednesday’s need-to-know money news

July 23, 2014 By Liz Weston

siblingsToday’s top story: What happens when couples disagree on the right time to retire? Also in the news: Bad financial habits you could be passing on to your kids, understanding charge-offs, and how to avoid extra costs when renting a car this summer.

When couples disagree on when to retire
Hot to reach common ground.

5 Bad Financial Habits You May Be Passing On to Your Children
Not the kind of legacy you want to leave.

I Paid My Debt. Why is it Still ‘Charged Off’?
Understanding your credit report.

7 Costly Car Rental Mistakes to Avoid
Don’t pay more than you already have to.

10 Terms You Need to Know If You Ever Plan to Retire
Becoming familiar with the vocabulary of retirement.

Filed Under: Liz's Blog Tagged With: car rental, charge-offs, Credit Reports, financial habits, kids and money, Retirement

Tuesday’s need-to-know money news

July 22, 2014 By Liz Weston

Zemanta Related Posts ThumbnailToday’s top story: How early withdrawals can take a chunk out of your retirement savings. Also in the news: The smart way to go into debt, retirement mistakes you need to avoid, and three ways consumers become victims of identity theft.

How Early Withdrawals Can Tax Your Retirement Savings
Taxes and penalties abound.

The Smart Ways to Go Into Debt
Yes, you read that correctly.

The 7 Retirement Mistakes That Finance Experts Tell Their Clients to Avoid
You don’t want to make these.

3 Ways Consumers Fall Victim to Identity Theft
You’ll want to avoid these, too.

Laziness Can Cost You: 5 Ways Renters Set Themselves Up for Failure
Due diligence and research is an absolute must.

Filed Under: Liz's Blog Tagged With: debt, Identity Theft, renters, Retirement, retirement savings, Savings

Monday’s need-to-know money news

July 21, 2014 By Liz Weston

Zemanta Related Posts ThumbnailToday’s top story: How to raise kids who are smart about money. Also in the news: How to save on your trip to Disney World, deciding when to hire a financial adviser, and the five things identity thieves are hoping you’ll do.

3 Ways You Can Raise Kids Who Are Smart About Money
Starting them off early.

Twelve Money-Saving Tactics for Disney World
Don’t turn your wallet over to Mickey.

When is the right time to hire a financial adviser?
Knowing when it’s time to get help.

5 Things Identity Thieves Want You to Do
Don’t give the jerks what they want.

Risk and Responsibility: Should You Cosign on a Loan?
Assessing a huge responsibility.

Filed Under: Liz's Blog Tagged With: co-signers, Disney World, financial advisers, Identity Theft, travel

Communicating in Europe: Our cell phone solution

July 21, 2014 By Liz Weston

Bayeux
Bayeux, France

If your cell phone works overseas (and not all do), your wireless carrier is happy to sell you an international plan that typically includes a small amount of minutes, texts and data at what feels like a pretty inflated cost. (The cheapest option from AT&T: 120 megabytes of data for $30 a month, $10 for 50 messages, $30 for 80 minutes, for a total of $70 per month per phone for a fraction of what we’re used to at home.)

Apparently, if you don’t use your phone much, you might be fine with that. Given the way I use my phone—to scan email, translate signs and menus, find my way around, coordinate plans with friends and family, book restaurant reservations and check opening hours for museums —I couldn’t imagine paying so much for so little.

The good news is that you can get a lot more for a lot less, as long as you can get your hands on an unlocked phone. Fortunately for us, my iPhone was no longer under contract and we had an old iPhone 3 that my daughter could use, so AT&T sent instructions on how to unlock each one. A friend lent us a Samsung he’d purchased for overseas travel.

I unlocked our phones the day we left for Europe (I was still able to use it in the States that day, as per usual). Once we landed in London, we found our way to a little mobile phone shop just across the street from Harrods and picked up a SIM card for five pounds (about $8.50), which included a five-pound credit for talk time. The gentleman behind the counter inserted the new cards, showed us our new phone numbers and told us where we could buy a package of minutes, texts and data (just around the corner at a news stand, as it tuned out).

Our British numbers worked even after we arrived in France, but I wanted more data than the small plan we bought. Two blocks away from our apartment was an Orange store where another nice gentleman sold us SIM cards (for five euros, including a five-euro credit) plus calling/text/data plans. For 30 euros each, Daughter and I got plenty of minutes, texts and a full gigabyte of data for the month we’re spending in Paris. Hubby, who is not as entranced with the online world, got a less generous plan for 20 euros.

You can, by the way, buy SIM cards at airports, train stations and lots of other locations from kiosks or news stands. I highly recommend finding a mobile phone shop that has someone to help you set up your service, though, especially if you’ve never done it before.

My plan paid for itself just on our recent road trip to the D-Day beaches. I used Google Maps navigation as a GPS to get us from the edge of Paris to every location on our agenda and back again, complete with turn-by-turn voice instructions. That saved us the $12 daily rental fee for our four-day trip.

Filed Under: Liz's Blog Tagged With: cell phones, cell phones in Europe, international calls, saving money, travel

Q&A: Capital gains and mutual funds

July 20, 2014 By Liz Weston

Dear Liz: Your tax expert’s answer to a person who wanted to roll over a $30,000 capital gain on a mutual fund missed an important point. Since the couple were solidly in the 15% tax bracket with a taxable income under $72,000, they should qualify for the 0% federal capital gain tax rate. (They may, of course, owe state taxes.)

Answer: They may not have had a capital gain at all, as other tax pros have pointed out. When people own mutual funds, the earnings are often reinvested each year. If the couple paid taxes on those earnings, their basis in the mutual fund would increase each year. To know if the couple had any capital gain, we’d need to know that adjusted tax basis. In any case, the original answer — that you can’t roll over the gain on a mutual fund into another investment to avoid capital gains taxes — still stands.

Filed Under: Estate planning, Investing, Q&A Tagged With: capital gains, IRA, q&a, Retirement

  • « Go to Previous Page
  • Page 1
  • Interim pages omitted …
  • Page 653
  • Page 654
  • Page 655
  • Page 656
  • Page 657
  • Interim pages omitted …
  • Page 781
  • Go to Next Page »

Primary Sidebar

Search

Copyright © 2025 · Ask Liz Weston 2.0 On Genesis Framework · WordPress · Log in