Get smart with your money
Today’s top story: 3 money tools to save you from yourself. Also in the news: Why paying off debt with retirement money can be dangerous, how to make money selling stuff online, and why you should think twice before giving up financial control at the altar. 3 Money Tools to Save You From Yourself We […]
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Dear Liz: I’ve have been following your responses related to the tax exemption on home sales. I understand that up to $250,000 per person of home sale profit is exempt from capital gains taxes and that married couples are entitled to exempt up to $500,000. My spouse and her two siblings inherited a home from […]
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Dear Liz: My wife recently retired at age 62 and will collect Social Security. But she has decided to return to work full time. I know she will collect less if she makes more than Social Security allows per month. If she eventually goes back to not working at all, can she go back to […]
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Today’s top story: Why you might be down in an up market. Also in the news: 5 Warren Buffett quotes that can make you a better investor, 5 reasons why pay isn’t rising much for many, and how to get the most out of customer loyalty programs. This May Be Why You’re Down in an […]
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Stories about how ordinary people pay off debt quickly can be amazing, inspiring — and somewhat deceptive. These tales often mention the sacrifices debtors made but may gloss over the cost to their quality of life or the misguided choices they made. Becoming debt-free can be a worthy goal, but understanding the pitfalls can keep […]
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Today’s top story: Why you should have a credit card even if you don’t carry a balance. Also in the news: Credit card debt is down in early 2017, how to take advantage of cooling car sales this summer, and how to avoid being a victim at the car repair garage. Why Have a Credit […]
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Today’s top story: How to read the fine print on credit card offers. Also in the news: Mistakes to avoid if you want your student loans forgiven, how to switch brokers and move your investments, and three retirement savings strategiess to use if you plan to retire early. How to Read the Fine Print of […]
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Today’s top story: What to know before sharing credit accounts with a parent. Also in the news: Required minimum distributions, tax-smart ways to withdraw from a 529 college plan, and high bank overdraft fees prompt a call for plain-English disclosure forms. What to Know Before Sharing Credit Accounts With a Parent A generous idea that […]
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Dear Liz: If and when we sell our house, the capital gain is likely to exceed the $500,000 exemption limit. I am carrying over a loss of about $100,000 from stock sales. Can I use this loss to offset the capital gain from the house? Answer: Yes. Capital losses can be used to offset capital […]
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Dear Liz: My dad, age 90, needs personal care and I am trying to get him to move out of his house to a senior residential place. He is in agreement, but it is taking a long time to make this happen. He owns his home free and clear and, along with the sale of […]
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