Get smart with your money
Dear Liz: My husband and I own all our assets as joint tenants. Because we have no children, we did not want to rush into making a will. But for the past few years, my husband’s older sister has been pressuring him to write a will benefiting her 60-year-old daughter. His sister has gone so […]
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Dear Liz: I have five questions. I have enclosed five sheets of paper with each question printed at the top. Please feel free to simply write your advice on each page, and then insert them into the addressed and stamped envelope I have enclosed. This is my attempt to make it easy for you to […]
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Today’s top story: Latino Credit Unions: Why They Matter, Where to Find One. Also in the news: When an airport lounge day pass is worth the splurge, helping your parents based on need instead of guilt, and why your money advisor should be a Fiduciary. Latino Credit Unions: Why They Matter, Where to Find One […]
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Today’s top story: The IRS isn’t having any of these reasons not to pay taxes. Also in the news: What to buy (and skip) in April, how to shop for used clothes – and why you should, and 4 ways to use your health savings accounts to boost your bottom line. The IRS Isn’t Having […]
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Today’s top story: Don’t let technology bully you into tipping. Also in the news: 4 things that could make you the target of an audit, how lending a hand by co-signing a loan can backfire, and 7 smart ways to spend a $1,000 tax refund. Don’t Let Technology Bully You Into Tipping You decide how […]
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Today’s top story: How grads can get another shot at student loan forgiveness. Also in the news: Spring cleaning your credit cards, how to sidestep 3 unethical financial advisor tactics, and how to handle loaning money to your parents. How Grads Can Get Another Shot at Student Loan Forgiveness This could be your last chance. […]
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For years, identity theft expert Eva Velasquez warned parents that freezing their children’s credit reports was difficult, problematic and probably unnecessary. Velasquez, chief executive officer of the nonprofit Identity Theft Resource Center, has since changed her mind. Or rather, the sheer volume and severity of database breaches — including last year’s breathtakingly huge compromise at […]
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Today’s top story: How to turn a tax refund into a fatter paycheck. Also in the news: 3 money lessons we can learn from ‘Roseanne,’ what to do when your tax pro botches your return, and how to set money goals with your spouse. How to Turn a Tax Refund Into a Fatter Paycheck Make […]
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Dear Liz: I have received an inheritance of $445,000 from a relative who died out of the country. Do I have to pay income tax on this money? Answer: If you inherited from someone who was a U.S. citizen who lived abroad, then that person’s estate may be subject to U.S. estate taxes. The estate […]
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Dear Liz: I have had a reverse mortgage on my condo since 2009, due to financial necessity. The interest rate on my mortgage keeps going up. Could the interest rate be reduced by changing lenders or would there be exorbitant fees involved in the process? My financial standing is not good, and I am in […]
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