Dear Liz: I have a friend who is driving me crazy because she keeps telling me that I need to start a company. She claims she writes off “everything” from her two companies and a nonprofit. She says her accountant encourages this and that she doesn’t pay taxes. However, when my friend had to claim […]
Recent Blog Posts
Friday’s need-to-know money news
Today’s top story: What to do if a loved one owes you money. Also in the news: How to save more when inflation makes your money count less, how to visit Hawaii on a budget, and 9 ways to bolster financial intimacy in a new relationship. A Loved One Owes You Money. Now What? What […]
Thursday’s need-to-know money news
Today’s top story: To fight inflation, take down food expenses. Also in the news: A new episode of the Smart Money podcast featuring a nerdy travel diary, how to handle the benefits at your new and improved job, and how to avoid 13 of the most persistent online scams. To Fight Inflation, Take Down Food […]
Wednesday’s need-to-know money news
Today’s top story: What to do instead of worrying about the Fed’s latest interest hike. Also in the news: Why the Fed wants home buyers to face higher mortgage rates, staying off the beaten path for summer travel deals, and how college-bound grads could exit with nearly $40K in student loan debt. Worrying About the […]
Monday’s need-to-know money news
Today’s top story: What every parent should know about investing for retirement. Also in the news: To fight inflation, take down food expenses, a new episode of the Smart Money podcast on small business benefits and buying a hybrid, and these U.S. cities are seeing the biggest drop in home prices. What every parent should […]
Q&A: How to reduce capital gains taxes on a home sale
Dear Liz: We’re retired and living in California. We are planning on selling our home, which is paid for, and moving to Tennessee in a couple of years. I think we qualify for a “one time” capital gains exemption. Our home is worth over $1 million and we paid only $98,000 in 1978. We plan […]