Dear Liz: How can a timeshare owner get rid of the timeshare and claim the loss on taxes? Answer: Timeshares typically are considered a personal asset, like a boat or a car, so the losses aren’t deductible. The best way out of a timeshare is often to give it back to the developer, if the […]
Recent Blog Posts
Q&A: Strategies for overcoming a spouse’s bad investment decisions
Dear Liz: I tell people we lost a huge chunk of money in the Great Recession, but it wasn’t the downturn that did us in. My husband made some incredibly poor choices. I’m embarrassed to admit that he absolutely refused to listen to me and stop the financial self-destruction until I grew a backbone. I […]
Thursday’s need-to-know money news
Today’s top story: How to bypass ATM fees while you’re on the road. Also in the news: Protecting your digital privacy after you die, 4 smart ways to split bills with friends while traveling abroad, and as the school year begins, beware of hackers. How to Bypass ATM Fees While You’re on the Road A […]
Wednesday’s need-to-know money news
Today’s top story: Save more money for your next vacation with this simple trick. Also in the news: How LexisNexis identity mix-ups could be scrambling your finances, how to review your LexisNexis report and fix errors, and all the ways your credit card use reveals personal info. Save More Money for Your Next Vacation With […]
Tuesday’s need-to-know money news
Today’s top story: What to buy (and skip) in September. Also in the news: Why streaming services are the new credit card rewards binge, hard-won tips from borrowers who got student loan forgiveness, and why podcasts can actually push people to start saving for retirement. What to Buy (and Skip) in September September is the […]
Who gets your digital assets – heirs or hackers?
A bank or brokerage can’t just take your money when you die. If you don’t have a will or other estate plan, the laws of your state determine who gets the value in those accounts. Your digital assets are a different story. Your online photos and videos, frequent flyer miles, cryptocurrency and other digitally stored […]