Dear Liz: If my wife and I sell our primary residence of 12 years, I understand we can exclude up to $500,000 in home sale profits from taxes. But if we rent it for a year or two, then sell, have we lost that tax break by converting it to income property? Answer: As long […]
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Friday’s need-to-know money news
Today’s top story: Alter your buying habits in 2020 and keep the change. Also in the news: When the gift of giving brings a tax on receiving, student loan forgiveness and taxes, and 7 alternatives to costly payday loans. Alter Your Buying Habits in 2020, and Keep the Change Cutting back on impulse buying. When […]
Thursday’s need-to-know money news
Today’s top story: How to get traction paying off your credit cards in 2020. Also in the news: 8 moves to consider for IRAs and 401(k)s under the new Secure Act, using points and miles for wedding travel, and the 5 best states for retirees in 2020. How to Get Traction on Paying Off Your […]
Wednesday’s need-to-know money news
Today’s top story: Smart ways to establish credit in 2020. Also in the news: 3 strategies to recover from holiday overshopping, the pros and cons of merging money when married, and how to downgrade your Chase card without losing your points. Smart Ways to Establish Credit in 2020 Sorting through the options. Overshopped in December? […]
How to have a ‘no regrets’ retirement
Most retirees regret not saving more. A 2018 study by Transamerica Center for Retirement Studies found 73% wish they’d put aside more money on a consistent basis, and half felt they waited too long to get serious about retirement saving. But retirement is about more than the balance in your 401(k). Even people with sizable […]
Monday’s need-to-know money news
Today’s top story: 8 million student loan borrowers must do this in 2020. Also in the news: 5 ways to get credit-healthy in the New Year, how to take charge of your credit this year, and where to file state and federal taxes for free. 8 Million Student Loan Borrowers Must Do This in 2020 […]