Dear Liz: I took $250,000 out of my retirement account in 2019 to set up five 529 accounts for my young grandchildren. As a result, my federal and state tax bills are $80,000. I’ll need to take that money out of my IRA. Will I keep having to pay large tax bills in order to […]
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Friday’s need-to-know money news
Today’s top story: How to plan and budget for DIY projects now. Also in the news: How to factor climate change into your air travel, why it’s probably better to lease a car than buy one right now, and new rules for medical and dependent care FSAs. How to Plan and Budget for DIY Projects […]
Thursday’s need-to-know money news
Today’s top story: How “maximizers” can cut decision making angst. Also in the news: Know the options and risks of credit card relief, 7 smart spending strategies in a tough economy, and how to set up an 80/20 budget. ” How ‘Maximizers’ Can Cut Decision-Making Angst Avoid analysis paralysis and buyer’s remorse by focusing on […]
Wednesday’s need-to-know money news
Today’s top story: A bargain hunter’s guide to used car shopping. Also in the news: Unlock savings with these little-known credit card benefits, finding the outperformers in the stock market, and 7 hacks you need to survive tax season. A Bargain Hunter’s Guide to Used Car Shopping The key to success is knowing where to […]
How ‘maximizers’ can cut decision-making angst
No one wants to waste money, but some of us go overboard trying to get the best possible deal. I have spent nearly as much time researching which hiking socks to buy as I have choosing a new car. Others of my species — we’re called “maximizers” — might miss locking in a good mortgage […]
Tuesday’s need-to-know money news
Today’s top story: How to bank when you can’t go to the bank. Also in the news: Don’t fall for COVID-19 student loan relief scams, file your claim in the Yahoo data breach settlement by July 20, and how to hire a financial advisor who won’t rip you off. How to Bank When You Can’t […]