Today’s top story: How your employer can help you save for emergencies. Also in the news: Tips and traps when buying a used car at auction, 4 questions to consider before opening a new credit card, and how to actually read your retirement account statements. How Your Employer Can Help You Save for Emergencies Employer-supported […]
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Wednesday’s need-to-know money news
Today’s top story: Make sure a new holiday credit card plays well with others. Also in the news: How one couple paid off over $200K of debt in six years, how to tell if consolidating your student loans would actually save you money, and the 10 best finance movies of the decade. Make Sure a […]
How employers help workers save for rainy days
Everyone needs a rainy-day fund — your financial health depends on it. Your employer could help you build one. Many companies offer 401(k)s and other retirement plans, but until recently few had programs to promote short-term savings. That’s starting to change, as employers experiment with matching funds, payroll deductions and other methods to encourage workers […]
Tuesday’s need-to-know money news
Today’s top story: Don’t let holiday shopping sink your credit score. Also in the news: 10 housing and mortgage trends or 2020, money habits that are doing you more harm than good, and the No. 1 job of 2019 pays $140,000 – and its hiring growth has exploded. Don’t Let Holiday Shopping Sink Your Credit […]
Monday’s need-to-know money news
Today’s top story: Letting go of shame over your debt. Also in the news: How to get the highest credit card welcome bonuses, 3 tax mistakes you’re probably making today, and what to do when debt collectors keep calling for someone else. It’s Time to Let Go of Shame Over Your DebtIt’s counterproductive and does […]
Q&A: This generous gift has no tax effects
Dear Liz: If I give $15,000 to my grandson, do I report it on my tax return? Is it deductible? Does my grandson report the gift on his tax return and does he owe tax on it? What if three sets of grandparents (parents and stepparents of his parents) do the same? Answer: No, no, […]