Receipts, like memories, tend to fade with time. That’s just one reason to digitize and track tax-related information. The right apps and habits can save space, time, money and hassle — but only if you use them. “Apps should make things easier, not more complicated,” says Clare Levison, a certified public accountant in Blacksburg, Virginia. […]
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Monday’s need-to-know money news
Today’s top story: Some student loan borrowers are 19 months closer to forgiveness. Also in the news: A new episode of the Smart Money podcast on pandemic debt and moving costs, buying life insurance for children, and when you’ll receive the next economic stimulus check. Smart Money Podcast: Pandemic Debt and Moving Costs The economy’s […]
Q&A: They paid off the mortgage rather than save for retirement. Now what?
Dear Liz: My wife and I aggressively paid down our mortgage and now have it paid off, but we don’t have much saved for retirement. I make about $90,000 a year and will receive a teacher’s pension that will replace between 30% and 60% of that (depending on what option we choose) when I retire […]
Q&A: When credit scores are fine
Dear Liz: I was once told that the reason my credit score wasn’t higher was an insufficient credit history. Now I am doing what you have recommended by charging a monthly security alarm service to one credit card, a weekly church donation to another and satellite TV to a third. All are paid off each […]
Friday’s need-to-know money news
Today’s top story: How to handle debt in an unequal recovery. Also in the news: 6 ways to save at the pump, worrying about the right thing with estate taxes, and 4 in 10 Americans are struggling financially one year after the pandemic began. How to Handle Debt in an Unequal Recovery Navigating the K-shaped […]
Thursday’s need-to-know money news
Today’s top story: Worrying about the right thing with estate taxes. Also in the news: 3 ways to get socially distanced tax prep this year, 5 sneaky things COVID-19 might do to your tax bill, and new rules for self-employed and gig workers applying for PPP loans. Worry About the Right Thing With Estate Taxes […]