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 […]
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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 […]
Monday’s need-to-know money news
Today’s top story: How the pandemic disrupts holiday travel. Also in the news: A new episode of the Smart Money podcast on charitable giving and using your savings to pay student loans, how to insure an expensive present, and how to plan for the end of student loan forbearance. Change of Plans: How the Pandemic […]
Q&A: Tax consequences of giving versus bequeathing
Dear Liz: Someone who expects to be an executor recently wrote to you about a plan to distribute individual pieces of art to family members. Your response addressed the executor’s responsibility to determine the art’s worth before doing so. You also suggested having the parent designate what was to go to whom. What would the […]