Today’s top story: Why family loyalty shouldn’t apply to your credit cards. Also in the news: What you should do with your travel credit card, what you need to know about roadside assistance, and what the near zero interest rates mean for you. Why Family Loyalty Shouldn’t Apply to Your Credit Cards You could be […]
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How to ask your bank or lender for help
Many banks, credit card issuers and other lenders have promised to help those impacted by the coronavirus pandemic. They’re offering to defer or reduce payments and waive interest charges and rebate fees for those who have lost jobs, had their hours reduced or otherwise lost income to the COVID-19 crisis. The help usually isn’t automatic, […]
Tuesday’s need-to-know money news
Today’s top story: Can I buy or sell a house during the Coronavirus pandemic? Also in the news: How to manage your credit score during a crisis, Coronavirus cancellation and change policies for credit card travel portals, and how to get all your credit card payments deferred in one call. Can I Buy or Sell […]
Monday’s need-to-know money news
Today’s top story: Should you use your emergency fund during the COVID-19 outbreak? Also in the news: A new episode of the SmartMoney podcast on the Coronavirus relief checks, why you should join a money community for financial support, and 13 tips to help protect your online financial information. Should You Use Your Emergency Fund […]
Q&A: Taxes when inheriting a home
Dear Liz: My sister recently passed, and I acquired her home, which I’m selling (it’s now in escrow). I was looking at state tax forms for real estate transactions, and there is nowhere to check for a person who was given a home through death. Does this mean it is taxable? I was told since […]
Q&A: Withdrawing after-tax retirement funds
Dear Liz: I have been contributing to retirement accounts for many years, starting back in the early 1980s. Back then, there were no deductions for contributions. I made about $50,000 of after-tax contributions, meaning I’ve already paid taxes on that money. Later I switched to before-tax contributions. Now that I am retired and approaching 65, […]