Today’s top story: How to get more joy while giving to good causes. Also in the news: How a financial therapist can help shift your money mindset, a new episode of the Smart Money podcast on making your dream life, and 6 options for when you buy now and can’t pay later. How to Get […]
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Wednesday’s need-to-know money news
Today’s top story: 5 things you can do to fortify your finances. Also in the news: How hotel elite status is shaping up in 2022, what airline elite status looks like in 2022, and where to get reimbursed for spoiled food after a power outage. Struggling? Here are 5 things you can do to fortify […]
Tuesday’s need-to-know money news
Today’s top story: Inflation can spell disaster for some 40% of Americans. Also in the news: 5 reasons why ‘Shoulder Season’ is the best time to travel, a new episode of the Smart Money podcast on paying for college, and how a strong college application remains possible even with transcript gaps. Inflation Can Spell Disaster […]
How to get more joy while giving to good causes
We may think spending money on ourselves will make us happier than spending it on someone else. That belief can make it hard to carve money out of our budgets to give to good causes. But research shows that spending money on others is more likely to make us happy. This seems to be a […]
Q&A: Social Security and government pensions
Dear Liz: You recently mentioned the windfall elimination provision that affects pensions from jobs that don’t pay into Social Security. I’m wondering what those jobs are. Are they just part of the gig economy, or is there some other category of jobs that don’t pay into Social Security? Answer: Gig economy jobs are supposed to […]
Q&A: What is the capital gains tax, and how big a bite does it take?
Dear Liz: We own stocks with enormous capital gains — as in, six figures or more. The tax would be a lot. Any advice on how to limit the tax bite? Our income consists of Social Security and a teacher’s pension. Answer: Capital gains taxes may be less of a problem than you fear. If […]