If the pandemic caused you to relocate across state lines, even temporarily, the next surprise could be having to file an extra tax return and potentially pay more taxes. The issue gained national attention in May, when Gov. Andrew Cuomo of New York said out-of-state health care workers who came to help with the pandemic […]
Recent Blog Posts
Monday’s need-to-know money news
Today’s top story: If doing less means saving more, try these 5 money moves. Also in the news: A new episode of the SmartMoney podcast on 401(k)s and struggling renters, how to diversify investing, and refinance your mortgage now to avoid a new fee. If Doing Less Means Saving More, Try These 5 Money Moves […]
Q&A: Why it makes sense to play the Social Security waiting game
Dear Liz: I’m concerned that you don’t make it clear that in order for a Social Security benefit to grow, a person needs to keep working and earning the same income that they’ve been making. I’ve retired recently and am lucky enough to have a pension to live on. I talked to someone at the […]
Q&A: Retirement funds and creditors
Dear Liz: I keep reading conflicting things about 401(k)s and IRAs. If I roll over my 401(k) from my previous employer into an IRA, is it still protected from creditors? I’ve left it in the old 401(k) plan for now because I’ve read IRAs can be seized in lawsuits or bankruptcy, or alternatively that only […]
Q&A: Missing refund update
Dear Liz: Thank you for including my previous email about a missing tax refund in your recent column. Just to update you, on Aug. 20 I checked the IRS “refund status” website and lo and behold, it showed they had received my mother’s paper return, processed it, and even approved the refund (with $3.59 interest […]
Friday’s need-to-know money news
Today’s top story: The 2 costs that can make or break your nest egg. Also in the news: Buying stocks in a year of uncertainty, getting paid for family caregiving, and how people spent their stimulus checks. The 2 Costs That Can Make or Break Your Nest Egg Spending less on housing and transportation could […]