Dear Liz: I constantly read about the need to “rebalance” portfolios each year or more often to make sure you have a specific distribution of stocks, bonds and cash. However, selling stocks can create capital gains that will be taxed. An advisor rebalanced my portfolio and the result for me was an increase in capital […]
Recent Blog Posts
Q&A: What to do with sudden savings
Dear Liz: A few months ago we took out a jumbo loan on our residence, using the excess to pay off the mortgage on an investment property. The interest savings is substantial and our monthly payment is much less than the combined two payments we had before. We never had any problem making the two […]
Friday’s need-to-know money news
Today’s top story: Got life insurance? You may not have enough. Also in the news: An investing workaround for possible higher taxes post-election, get ahead of holiday debt by setting a payoff plan, and teens are calling for more personal finance education to bridge the economic opportunity gap in America. Got Life Insurance? You May […]
Wednesday’s need-to-know money news
Today’s top story: NerdWallet travel writers offer their 2021 resolution. Also in the news: More Millennials are using up end-of-year vacation time, second stimulus checks could be less than $1200 per person, and 8 great financial gifts for kids. NerdWallet Travel Writers Offer Their 2021 Resolutions These travelers plan to be more thoughtful in their […]
Got life insurance? You may not have enough
You probably need life insurance if your death would cause financial hardship to someone else. If the only coverage you have is through your job, though, you may not have enough. In my latest for the Associated Press, find out why the pandemic has made buying life insurance somewhat easier and why it may be […]
Tuesday’s need-to-know money news
Today’s top story: Calibrate your emergency fund to a crisis-prone world. Also in the news: How to give stock as a gift, what you need to know about Joe Biden’s student loan plan, and the pros and cons of Buy Now, Pay Later retail loans. Calibrate Your Emergency Fund to a Crisis-Prone World Financial advisors […]