Today’s top story: How your tax refund could improve your credit. Also in the news: 5 smart ways to invest your tax refund, how the Apple Card stacks up against the competition, and how moving between states could raise or lower your tax burden. How your tax refund could improve your creditUsing your refund strategically. […]
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Tuesday’s need-to-know money news
Today’s top story: 5 empowering tips for women on Equal Pay Day. Also in the news: 5 smart ways to invest your tax refund, 7 ways to trim your taxes in retirement, and how changes to the ACA might affect your insurance premiums. 5 Empowering Tips for Women on Equal Pay DayIt’s time to bridge […]
Why you should love robo-advisers
Robo-advisers have been around long enough that the question is no longer whether you should turn your investment decisions over to a computer. Now the question is: Why wouldn’t you? The success of Wealthfront and Betterment, two startups that helped launch the trend, led mainstream investment companies including Vanguard, Schwab and Fidelity to add robo-advice […]
Q&A: Avoiding capital gains
Dear Liz: In a few years, my husband and I will sell our large primary residence and move into a smaller home for our retirement. We are both over 55. We currently rent out the smaller home and pay a mortgage on it. We will realize a small capital gain on the large residence when it […]
Q&A: Here’s a big mistake to avoid when planning your wedding
Dear Liz: Would you advise taking money out of your 401(k) for your wedding if you’re getting a lump sum of money within the same year and can pay the full amount back? Answer: How about postponing the wedding until you can pay for it in cash? That would be so much better than starting your life […]
Q&A: Social Security spousal benefits
Dear Liz: My husband is 78 and receives a large Social Security check every month. I will be 66 in two years. Should I take my benefit then — we may need it — and then switch to his benefit if he dies before I do? His benefit will be much higher than mine. I see […]