Wednesday’s need-to-know money news

Today’s top story: Spring travel ahead? One airline is prioritizing customer safety. Also in the news: Considering elite airline status in 2021, taking some of the mystery out of buying a house sight unseen, and how to build your credit without a credit card. Spring Travel Ahead? One Airline Is Prioritizing Customer Safety Delta is […]

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If you need to find tax help, try DIY first

Getting help from the IRS this tax season is going to be a challenge. The IRS has finally opened the 23.4 million pieces of mail that piled up after the pandemic shuttered its processing centers last spring. But the agency still has a backlog of paperwork from last year even as it ingests this year’s […]

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Tuesday’s need-to-know money news

Today’s top story: How to pick the right credit card for a major purchase. Also in the news: How to adjust your credit card strategy for 2021 travel, three factors to consider (and one to ignore) when choosing investment funds, and how you can deduct masks as a medical expense on your taxes. How to […]

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Monday’s need-to-know money news

Today’s top story: 5 pandemic-driven financial habits worth keeping. Also in the news: A new episode of the Smart Money podcast on spring cleaning and COVID taxes, life insurance options when living with HIV, and be on the lookout for streaming service price hikes. 5 Pandemic-Driven Financial Habits Worth Keeping Americans have picked up new […]

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Q&A: Where to find the most bang for your savings buck. Spoiler: On Wall Street

Dear Liz: I recently sold my home and want to put away funds for my daughters. I want to place $130,000 each in an account that will earn 7% to 10% interest for 30 years or so, providing them with a comfortable retirement fund. I’m thinking of having them start with a low-cost index mutual […]

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Q&A: Roth IRA contributions

Dear Liz: I am a retired public employee and receive most of my compensation in monthly payments, for which I get a 1099R form at tax time. The rest of my compensation also comes in monthly installments and I receive an annual W-2 for that. My question is: Can I deposit my W-2 amount in […]

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Q&A: Backdoor Roth Ira conversions

Dear Liz: I am 65, self-employed and have a SEP IRA as well as a Roth IRA. I’ve had a few low-income years, and I find myself in a very low tax bracket, most likely lower than when I begin to take distributions and collect Social Security in a few years. What are the steps […]

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Thursday’s need-to-know money news

Today’s top story: Will you really run out of money in retirement? Also in the news: What to do if your mortgage forbearance is ending, 5 home remodeling trends to watch for 2021, and how to pay your medical bills without crowdfunding. Will You Really Run Out of Money in Retirement? Most people adjust spending […]

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Wednesday’s need-to-know money news

Today’s top story: How one airline is prioritizing customer safety. Also in the news: Getting your money resolutions back on track, treating your third stimulus differently, and the IRS expands eligibility for $10,2000 unemployment tax break. Spring Travel Ahead? One Airline Is Prioritizing Customer Safety Delta is now the only major airline blocking middle seats […]

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Tuesday’s need-to-know money news

Today’s top story: IRS Free File and how to get free tax preparation or free tax help in 2021. Also in the news: How women investors can rewrite their financial futures, options for people who can’t afford their tax bills, and beware of lender’s mistakes in your credit report. IRS Free File & How to […]

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