Get smart with your money
Dear Liz: I was wondering about the disabled vet who wanted to sell his home, which had increased in value by about $1 million. You mentioned that “[S]ingle people with incomes over $415,050 in 2016 are subject to the 39.6% marginal tax rate. Most people pay capital gains tax at a 15% rate, but those […]
Continue reading...
Today’s top story: How life insurance can affect your estate taxes. Also in the news: Money tips for new workers, 401(k) tips for when you quit your job, and important money lessons for kids under 5. How Life Insurance Can Affect Estate Taxes Life insurance comes into play if you have a sizeable estate. 4 […]
Continue reading...
Today’s top story: Understanding renters insurance. Also in the news: How many credit cards is too many, financial tips for military members making the transition to civilian life, and how your Health Savings Account can work like a super-IRA. Understanding Renters Insurance Protecting your valuables. Can You Have Too Many Credit Cards? Is there a […]
Continue reading...
Our tax laws are complex and often difficult to understand. Tax professionals warn us of the perils of audits. Penalties for getting our taxes wrong can be stiff — up to and including jail for those who deliberately evade the taxman. So why don’t we fear the IRS? Clearly, we have some fears about April […]
Continue reading...
Today’s top story: How to save money while repaying Parent PLUS loans. Also in the news: Why your dog needs liability insurance, where you’re paying more in fees than you should be, and how to itemize common tax deductions. Got Parent PLUS Loans? Save Money With These Alternative Payment Plans Repayment plans that could save […]
Continue reading...
Today’s top story: How to apply for a credit card after bankruptcy. Also in the news: Avoiding stress while paying down debt, the biggest tax “break” you shouldn’t forget, and how to slash your cable bill. Applying for a Credit Card After Bankruptcy Starting over. Avoid Over-Stressing Your Budget When Paying Down Debt Be patient […]
Continue reading...
Dear Liz: After struggling financially for seven years, I’m getting a good lawsuit settlement. After taxes, I’ll be set. I want to pay my bills but to the actual company — for example, the credit card company, not some bill-collecting clowns that threatened me with “the sheriff will come over and arrest you” or “your […]
Continue reading...
Dear Liz: I was laid off from my job this year and decided to move in with my widowed dad in the suburban home that he and my mother purchased outright in 1989. However, over the years they apparently took out a reverse mortgage with a current balance of about $500,000 (the house was recently […]
Continue reading...
Today’s top story: The lies we tell to save a little money. Also in the news: The danger of confusing personal and business expenses on your taxes, how $1,000 invested at birth could be a game changer, and five changes you need to know about this year’s taxes. Survey: Men, Students, Parents Among Those Most […]
Continue reading...