Tuesday’s need-to-know money news

Today’s top story: How to adjust your school supplies budget for the online classroom. Also in the news: 5 things to do with all that money you haven’t been spending the past few months, is moving now the best financial move for Millennials, and how COVID-19 may impact applying for financial aid. How to adjust […]

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Q&A: A felony doesn’t preclude you from Social Security benefits

Dear Liz: If someone has a felony, is it true they cannot claim Social Security retirement benefits? If so, what is the best option: a Roth IRA or a brokerage account? How do they get started without a lot of money? Answer: A felony does not prevent you from claiming Social Security in the future […]

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Q&A: Backdoor Roth IRA contributions

Dear Liz: You mentioned in a previous column that a backdoor Roth contribution could be expensive if you have a large pretax IRA. I was in that situation, and opted to first roll my IRA into my employer’s 401(k). I then made a nondeductible contribution to a new IRA and shortly afterward converted it to […]

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Q&A: 2020 taxes bring another stimulus shot

Dear Liz: My 2019 tax return was electronically submitted May 11 and my income was low enough to qualify for a stimulus payment. I got my refund at the end of July but was told I wouldn’t get a stimulus check because my 2018 income was too high. The IRS agent on the phone said […]

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Friday’s need-to-know money news

Today’s top story: How first-home shoppers can keep a cool head in a hot market. Also in the news: When debt relief does more harm than good, how to make a debt-free switch to cashless payments, and what to know before using buy now, pay later financing. How First-Home Shoppers Can Keep a Cool Head […]

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Thursday’s need-to-know money news

Today’s top story: Working remotely in the pandemic may generate a tax surprise. Also in the news: Advice on how to fly safely over the holidays, student debt continues to rise for new pharmacists, and how to save money during Medicare open enrollment this year. Working Remotely in the Pandemic May Generate a Tax Surprise […]

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Wednesday’s need-to-know money news

Today’s top story: New ways to get more for your old car. Also in the news: How the pros ride market volatility – and why you shouldn’t, if your travel plans are up in the air should you cancel your rewards card, and how the new eviction ban may impact you. New Ways to Get […]

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Tuesday’s need-to-know money news

Today’s top story: How to be reunited with your long-lost money. Also in the news: What the metro areas look like for first-time homebuyers, avoid flight change fees with these airlines, and 5 things to do after you get into a car accident. How to Be Reunited With Your Long-Lost Money Finding your unclaimed property. […]

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Some remote workers may be in for tax surprise

If the pandemic caused you to relocate across state lines, even temporarily, the next surprise could be having to file an extra tax return and potentially pay more taxes. The issue gained national attention in May, when Gov. Andrew Cuomo of New York said out-of-state health care workers who came to help with the pandemic […]

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Monday’s need-to-know money news

Today’s top story: If doing less means saving more, try these 5 money moves. Also in the news: A new episode of the SmartMoney podcast on 401(k)s and struggling renters, how to diversify investing, and refinance your mortgage now to avoid a new fee. If Doing Less Means Saving More, Try These 5 Money Moves […]

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