Few economists predict we’ll return to the double-digit price increases of the late 1970s and early 1980s. But knowing some of the ways consumers coped back then — and how things are different now — can help you formulate a plan to deal with rising prices. First, a primer: Inflation shrinks your purchasing power, so […]
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Tuesday’s need-to-know money news
Today’s top story: What Gen Z can learn from Millennials’ money mistakes. Also in the news: How points and miles credit cards can ease the return to travel, financial vital signs to monitor right now, and the Biden administration makes it easier to qualify for Covid funeral reimbursement. What Gen Z Can Learn From Millennials’ […]
Q&A: Here’s how taxes work on estates and inherited money
Dear Liz: Are all assets entitled to a stepped-up basis upon the death of the owner? My father died about a year ago, leaving my sister and me an estate of a little over $1 million. He had a Thrift Savings Plan that is apparently like a 401(k) for federal government employees. This is getting […]
Q&A: Finding your real credit score
Dear Liz: I’ve been thinking of buying a house, and I want to get a good deal on the mortgage. To do this, I’ve been working on getting my credit score high. I only have one credit card and have had it for less than two years. This credit card has gotten my FICO score […]
Thursday’s need-to-know money news
Today’s top story: Financial vital signs to monitor right now. Also in the news: July’s mortgage outlook, pandemic college enrollment, and how to make some cash before returning to school. Financial Vital Signs to Monitor Right Now A midyear financial review is often a good idea. Mortgage Outlook: July Rates to Shrug and Stay the […]
Wednesday’s need-to-know money news
Today’s top story: What to do when cryptocurrency is crashing. Also in the news: Sidestepping the rental-car shortage with a limo, getting help with returning student loan payments, and the pros and cons of chasing bank account bonuses. What to Do When Cryptocurrency Is Crashing We asked several cryptocurrency experts their thoughts on what to […]