Congress has appropriated more than $46 billion in emergency assistance to help cover back rent and utilities owed by struggling renters. But getting a share of that money isn’t automatic or guaranteed. Not everyone who’s behind on their rent qualifies for help. In addition, some states and cities require more paperwork than others, which can […]
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Tuesday’s need-to-know money news
Today’s top story: How to line up rent aid and a backup plan. Also in the news: Changing the face of the cannabis industry, why you should check your Medicare coverage before traveling again, and when to expect your delayed IRS refund. How to Line Up Rent Aid — and a Backup Plan If you […]
Monday’s need-to-know money news
Today’s top story: What to do with extra money? Also in the morning: A new episode of the Smart Money podcast on air travel and collection accounts on credit reports, 6 reasons not to skip renters insurance, and how not to sabotage your savings with self-care. What to Do With Extra Money Extra cash is […]
Q&A: Protecting home sales proceeds from taxes
Dear Liz: My friend has been diagnosed with Alzheimer’s and is now living in a secure assisted living facility. After a year in this home, his sister finally sold his condo. Her tax person says he will take a big tax hit. I say it is totally medically ordered and he’ll need the money for […]
Q&A: A 401(k) versus an IRA: Which one wins this smackdown?
Dear Liz: I am a 27-year-old with a big investment question. The company I work for matches 401(k) contributions up to 9%, which is all well and fine since I contribute enough to receive the company match. I have just about $60,000 in my 401(k) and I have a Roth IRA on the side as […]
Thursday’s need-to-know money news
Today’s top story: How the pandemic has shaken up retirement. Also in the news: 6 steps for financial spring cleaning, what to know if you’re listing your home in 2021, and how to avoid having to pay back the $3600 child tax credit. How the Pandemic Has Shaken Up Retirement When to retire isn’t always […]