Dear Liz: My wife and I retired in 2019 and ran into IRMAA — Medicare’s income-related monthly adjustment amount, which increased our monthly premiums. I thought I’d done such a good job budgeting for retirement but missed this. A lot of couples have their best income years at the end of their career and then […]
Recent Blog Posts
Q&A: Tax tips for hybrid owners
Dear Liz: Not a question, but a tip for your readers. I bought a plug-in hybrid in 2018. I couldn’t take advantage of the $7,500 federal tax credit because my income was too low to pay much in federal taxes. So I converted $30,000 of my IRA to a Roth IRA, which added that money […]
Friday’s need-to-know money news
Today’s top story: Haven’t filed a tax return lately? You can still get a refund. Also in the news: The ultimate travel tip for couples, a new tax form that may help simplify filing for seniors, and what Trump’s budget plan would mean for you student loan debt. Haven’t Filed a Tax Return Lately? You […]
Thursday’s need-to-know money news
Today’s top story: How to navigate your most dangerous decade. Also in the news: 5 questions to ask before you share a credit card, how to use your tax refund to polish your credit, and how to save on your cell phone bill without a family plan. How to Navigate Your Most Dangerous Decade Your […]
How to navigate your most dangerous decade
Losing a job is almost always traumatic. In your 50s, job loss can be devastating — and devastatingly common. More than half the workers who entered their 50s with stable, full-time jobs were laid off or pushed out at least once by age 65, according to an analysis of employment data from 1990 to 2016 […]
Tuesday’s need-to-know money news
Today’s top story: Be your financial Valentine. Also in the news: 44% of adults admit to keeping money secrets from a partner, most consumers have already broken their resolutions, and how to reset your finances after a breakup. Be Your Financial Valentine The best gifts you can give yourself. 44% of adults admit to keeping […]