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 […]
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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 […]
Q&A: Auto dealers must abide by credit check limits
Dear Liz: I have loans and have paid my credit cards in full for over 30 years. My FICO score is 829. I don’t really care as I don’t plan to borrow in the future. I check my score and reports occasionally to check for a possible error or scam. Other than this, is there […]
Friday’s need-to-know money news
Today’s top story: How couples with kids retired early. Also in the news: 5 credit card tips to take to college and beyond, how a self-taught baker became a rising entrepreneur, and what not to do when hiring a lawyer. How They Retired Decades Early — With Kids How two families pulled it off. 5 […]
Thursday’s need-to-know money news
Today’s top story: Summer is the perfect time for a financial checkup. Also in the news: Why your parents’ money guru may not be right for you, how to get ready for the next recession now, and what you don’t know – but should know – about how your financial advisor is paid. Summer Is […]