Dear Liz: I know that when a person dies, their beneficiaries typically will inherit a home or other real estate at the current market value with no taxes owed on the appreciation that happened during the person’s lifetime. Does that hold true for stocks as well? Answer: Usually, yes, but there are some exceptions. If […]
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Friday’s need-to-know money news
Today’s top story: 12 African-American financial gurus to follow in 2019. Also in the news: How minimalism can declutter your finances, 11 Presidents Day sales to shop this weekend, and 6 small business tax deductions. 12 African-American Financial Gurus to Follow in 2019 Personal finance experts share their best advice. Minimalism Can Declutter Your Finances, […]
Thursday’s need-to-know money news
Today’s top story: What homeowners must remember at tax time this year. Also in the news: A GOP proposal to take student loan payments straight from your paycheck, why you might not have to pay that medical bill, and the biggest financial mistake women make. Here’s What Homeowners Must Remember at Tax Time This Year […]
Wednesday’s need-to-know money news
Today’s top story: Don’t let friends and family pick your financial advisor. Also in the news: A month with the 50/30/20 budget plan, what the confusing terms in your 401(k) plan mean, and a growing number of Americans have more credit card debt than savings. Don’t Let Friends and Family Pick Your Financial Advisor Due […]
Tuesday’s need-to-know money news
Today’s top story: The biggest financial mistake women make. Also in the news: How to find the dirt on your tax preparer, nine states where you can file your taxes after April 15th, and experts reveal who is likely to get a lower refund this tax season. The Biggest Financial Mistake Women Make Navigating the […]
Companies are also flunking retirement planning
Plenty has been written about American workers’ failure to plan adequately for retirement. Their employers seem to be doing an even worse job. Only 1 in 10 large employers offers a formal phased-retirement program that lets workers cut back their hours or responsibilities before they quit work entirely, according to the 2018 Longer Working Careers […]