Get smart with your money
Dear Liz: I know that when a person dies, their beneficiaries typically will inherit a home or other real estate at the current market value with no taxes owed on the appreciation that happened during the person’s lifetime. Does that hold true for stocks as well? Answer: Usually, yes, but there are some exceptions. If […]
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Today’s top story: 12 African-American financial gurus to follow in 2019. Also in the news: How minimalism can declutter your finances, 11 Presidents Day sales to shop this weekend, and 6 small business tax deductions. 12 African-American Financial Gurus to Follow in 2019 Personal finance experts share their best advice. Minimalism Can Declutter Your Finances, […]
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Today’s top story: What homeowners must remember at tax time this year. Also in the news: A GOP proposal to take student loan payments straight from your paycheck, why you might not have to pay that medical bill, and the biggest financial mistake women make. Here’s What Homeowners Must Remember at Tax Time This Year […]
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Today’s top story: Don’t let friends and family pick your financial advisor. Also in the news: A month with the 50/30/20 budget plan, what the confusing terms in your 401(k) plan mean, and a growing number of Americans have more credit card debt than savings. Don’t Let Friends and Family Pick Your Financial Advisor Due […]
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Today’s top story: The biggest financial mistake women make. Also in the news: How to find the dirt on your tax preparer, nine states where you can file your taxes after April 15th, and experts reveal who is likely to get a lower refund this tax season. The Biggest Financial Mistake Women Make Navigating the […]
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Plenty has been written about American workers’ failure to plan adequately for retirement. Their employers seem to be doing an even worse job. Only 1 in 10 large employers offers a formal phased-retirement program that lets workers cut back their hours or responsibilities before they quit work entirely, according to the 2018 Longer Working Careers […]
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Today’s top story: How student loan default can gut your paycheck. Also in the news: Changing your screen habits from time-wasting to money-saving, 5 tips for cutting the cost of having your taxes done, and what to do about a surprise student loan bill. How Student Loan Default Can Gut Your Paycheck Avoiding wage garnishment. […]
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Dear Liz: You answered a question from a mother who was concerned that her son didn’t understand the financial implications of being an independent contractor rather than an employee. From what she wrote, the company employing him may not be following the law. The IRS has criteria to determine whether the worker qualifies as a […]
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Dear Liz: In a recent column you mentioned Social Security’s delayed retirement credit, writing that someone’s benefit could grow 32% by delaying benefits for four years between ages 66 and 70. Four years’ worth of accrued 8% increases in Social Security result in a cumulative increase of 36%, not 32%. I would think any financial […]
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Dear Liz: I’m 60 and owe about $12,000 on a home equity line of credit at a variable interest rate now at 7%. I won’t start paying that down until my other, lower-interest balances are paid off in about two years. I have about $130,000, or about 20%, of my qualified savings sitting in cash […]
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