Dear Liz: My husband (who will retire in January) just turned 67, but still wants to wait to collect Social Security until he turns 70 to maximize his benefit. Should he apply for Social Security now, and immediately suspend benefits? Or, should he simply wait until he turns 70 years old to apply? Is there […]
Recent Blog Posts
Wednesday’s need-to-know money news
Today’s top story: 3 simple things anyone can do to stay out of debt. Also in the news: Summer is the perfect time for a financial checkup, how to ace back-to-school shopping, and how stashing receipts saved one man over $1000 in 7 months. 3 Simple Things Anyone Can Do to Stay Out of Debt […]
Tuesday’s need-to-know money news
Today’s top story: 5 times to stash your cash and pay with plastic. Also in the news: Chase switches to Expedia for its online travel, how to use autopay to boost your bottom line, and a guide to borrowing money from friends and family. 5 Times to Stash Your Cash and Pay With Plastic Good […]
Your house isn’t a piggy bank
Your home equity could keep you afloat in retirement or bail you out in an emergency — but not if you spend it first. U.S. homeowners are sitting on nearly $6 trillion of home value they could tap as of May 2018, according to data provider Black Knight. Lenders are eager to help many do […]
Monday’s need-to-know money news
Today’s top story: 9 expenses to pack in your moving budget. Also in the news: How to stretch summer job money, retaking control over car payments, and when it pays to buy a one-way plane ticket. 9 Expenses to Pack in Your Moving Budget Leave some wiggle room. How to Stretch Summer Job Money Invest […]
Q&A: Death means capital gains take a holiday for heirs selling a house
Dear Liz: I am in my mid-80s and in declining health. I want to advise my beneficiaries about possible taxation on the sale of my home after I expire. I bought the place in 1995 for $152,000. It now has a market value of about $400,000. The issue is whether that gain is taxable upon […]