Dear Liz: You recently answered a question about gifting a condo. I understood the first part of your answer: If the person receiving the gift lives in the condo for two of the last five years, then there is no capital gains exposure. The second part of your answer is a little confusing to me. You […]
Recent Blog Posts
This week’s money news
This week’s top story: What student loan borrowers should know if MOHELA is your servicer. In other news: Pregnant workers must get time off for birth, abortion, what not to do during mortgage preapproval, and 5 questions to ask when helping an older parent with money. MOHELA Senate Hearing: What Student Loan Borrowers Should Know If […]
Q&A: How to divide up the family home
Dear Liz: My wife and I plan to leave our house to our four children. My concern is that one may want to sell and split the proceeds; another may want to keep the house, rent it and divide up the income; and of course there’s always the real possibility that one may want to […]
Q&A: Waiting to apply for retirement benefit or not
Dear Liz: I am recently divorced but was married for 20 years. My ex is 12 years older and he waited until 70 to start collecting Social Security benefits. I am 62 and self-employed. My retirement benefit is greater than half of his (but not by much). It is my understanding that after his death […]
Q&A: Retail cards are often easier to get than credit cards
Dear Liz: You recently answered a question from someone who was rejected for a credit card because of a lack of credit history. Years ago, my wife was rejected for similar reasons. She signed up for a card with a local retailer, then successfully reapplied for the credit card six months later. Maybe the industry […]
This week’s money news
This week’s top story: How to make sure you have enough auto insurance coverage. In other news: Limited gender markers add hurdles for nonbinary people, consider paying workers more often to retain them, and why adding a child as an authorized user might not help their credit. How to Make Sure You Have Enough Auto Insurance […]