Q&A: The future is bleak for charitable deductions, early retirees’ healthcare costs

Dear Liz: When I sat down with my accountant in March to do my 2017 taxes, he said next year I will take the standard deduction. Are my contributions to charity still deductible if I take the standard deduction? Answer: No. Charitable contributions are an itemized deduction. If you don’t itemize your deductions, you won’t […]

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Q&A: Leaving the U.S. for cheap healthcare

Dear Liz: Your column a few weeks ago suggested a couple consider leaving the country for healthcare benefits until they reach the age to receive Medicare. We are in a similar position, with enough money to retire early but profoundly worried about the future availability of health insurance. Which countries are considered good options for […]

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Q&A: Healthcare costs could nix early retirement

Dear Liz: Recently you included a letter from a retired person who was amused by the suggestion that early retirees may have to go abroad to find affordable healthcare. I was horrified by that letter and shared your article with several friends. Something is deeply wrong when a nation offers citizens who have contributed to […]

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Q&A: Beware of ‘junk’ medical insurance

Dear Liz: In response to your response to the retired couple about healthcare costs. I wish everyone else could be informed about this. Healthcare costs in the individual market before the ACA were anything but affordable. I had to quit my job because my husband got ill in 2000. I was healthy and was paying […]

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Friday’s need-to-know money news

Today’s top story: Student loan interest rates go up July 1st. Also in the news: Chase rolls out an all-mobile banking app, 5 ways your friendships can blossom on a budget, and how to make living with your parents pay off. Student Loan Interest Rates Go Up July 1 Prepare for an increase. Chase Rolls […]

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Thursday’s need-to-know money news

Today’s top story: Don’t let puppy love blind you to the expenses of a dog. Also in the news: The pros and cons of timeshares, 9 unsung ways to earn airline miles for free, and every expense you can expect with a first-time home purchase. Don’t Let Puppy Love Blind You to the Expense of […]

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Wednesday’s need-to-know money news

Today’s top story: What 3 Big Brother winners did with their $500K payday. Also in the news: Financial wisdom for young adults, 3 ways to avoid a bad student loan, and when to hire a mortgage broker. What 3 ‘Big Brother’ Winners Did After Their $500K Payday What happened when the cameras were turned off. […]

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Tuesday’s need-to-know money news

Today’s top story: 3 questions to help grow your retirement savings. Also in the news: 7 annoying international travel fees you can shrink or skip, why waiting to file bankruptcy can hurt you, and 7 ways to retire without Social Security. 3 Questions to Help Grow Your Retirement Savings Evaluating your current position. 7 Annoying […]

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How to be a happy timeshare owner

Many people are desperate to shed their timeshares. That provides bargains for timeshare enthusiasts like Angie and Mike McCaffery of Los Angeles. The retired couple has paid as little as 50 cents for “used” timeshares. They’ve parlayed their timeshare weeks at four mainland U.S. resorts into affordable stays in England, Spain, Costa Rica, Hawaii, Mexico […]

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Monday’s need-to-know money news

Today’s top story: Small financial mistakes that could cost you big. Also in the news: Are certificates of deposit worth it right now, saving on vacations through Costco, and how changing your wireless plan could affect your credit report. Small Financial Mistakes That Could Cost You Big What looks like a small mistake could become […]

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