Get smart with your money
This week’s top story: Smart Money podcast on how to leverage inflation for your benefit. In other news: Justice department sues to block JetBlue, Spirit merger, 3 tax credits not to miss when you file this year, and 3 ways to get your income and other money faster. Smart Money Podcast: How to Leverage Inflation for […]
Continue reading...
If you’ve ever scrolled through social media posts only to be gripped with envy when you see a friend posing in front of their beautiful house or enjoying themselves at a luxurious resort, then you understand how easy it is to want what other people have. Financial envy is real, and sometimes it can be […]
Continue reading...
This week’s top story: Smart Money podcast on the tax 2023. In other news: In March, mortgage rates will have little reason to fall, what you should do with savings if there’s a recession, and why a new-construction home may cost less than you expect. Smart Money: The Tax Episode 2023 This week’s episode starts with […]
Continue reading...
Last year, one of my family’s credit cards was used to rack up hundreds of dollars in bogus charges at Apple.com. Another card was compromised four times in a row, as thieves repeatedly charged merchandise and Uber rides. We ultimately got our money back, but repeated credit card fraud can be frustrating and disheartening. Dealing with the […]
Continue reading...
This week’s top story: Smart Money podcast on investing for your family’s future. In other news: Family budgeting tips that actually work, billions spent on tax returns that could be filed for free, and 3 ways to maximize points and loyalty programs on your work trips. Smart Money Podcast: ‘The Color of Wealth’: Investing for Your […]
Continue reading...
Dear Liz: You recently advised the heir to a triplex that they’d have to pay capital gains tax if they sell the property, but if they keep it and bequeath to their children, there would be no capital gains for the children. How does that work? Answer: The original letter writer inherited the property from a parent in […]
Continue reading...
Dear Liz: I currently have a certificate of deposit with what I consider a reasonably high balance. I’ve named a beneficiary in the event something were to happen to me. Would there be tax consequences for the beneficiary upon receipt? Answer: There’s no federal inheritance tax, but six states — Iowa, Kentucky, Maryland, Nebraska, New Jersey and […]
Continue reading...