Today’s top story: Are 0% interest student loans better than forgiveness? Also in the news: The worst hidden travel fees and how to avoid them, 5 reasons why you haven’t switched banks, and the best app for splitting the check. Are 0% Interest Student Loans Better Than $10K Cancellation? Cancellation is the most popular proposal […]
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Tuesday’s need-to-know money news
Today’s top story: How to get therapy when cost and access are a barrier. Also in the news: Mortgage rates stay on the escalator in July, the NerdWallet small business financing index, and how to find out what your health insurance will pay beforehand. Getting Therapy When Cost and Access Are a Barrier Many things […]
Q&A: Waiting to collect Social Security
Dear Liz: I understand your suggestion about waiting until you are 70 to apply for Social Security because you’ll get a larger amount. However, I applied at 62 and no matter how much more I would have received at 70, I would never recoup an amount equal to what I received. My husband chose to […]
Q&A: Capital gains tax
Dear Liz: I am selling my house. After subtracting all selling costs, stepping up the basis for capital improvements over the years, and using the $500,000 capital gains exclusion from the IRS, I will still have a significant capital gains tax due. Does this tax need to be paid via the quarterly estimated tax in […]
Q&A: Should you keep paying Medicare premiums if you’re moving abroad?
Dear Liz: We are thinking of retiring to Paris. What would be the repercussions if we stop paying Medicare premiums? We’re concerned about the possibility of returning to the U.S. at some future date and the costs of reinstating it. Do we just pay back the past due payments plus a penalty? Answer: You wouldn’t […]
3 lessons I wish I’d learned sooner about travel
Almost every trip teaches me something about myself, the world and what not to do next time.In my latest for the Associated Press, three hard-won travel lessons that may help you learn from my mistakes.