Dear Liz: When I retired at age 70, I anticipated receiving the maximum available Social Security benefit payment because I had paid in the maximum tax for my entire career. I did not anticipate the heavy hit my spouse and I would take in monthly income-adjusted Medicare “premiums.” (I say “tax” is a more appropriate […]
Recent Blog Posts
Q&A: Wife should get her name on deed
Dear Liz: My daughter, who is a stay-at-home mother of two, recently bought a home with her husband. They have been married seven years. I recently discovered that her name isn’t on the deed to the home. I don’t know why, but it doesn’t sound good to me. What are her potential issues? Answer: The […]
Q&A: Keeping an eye on your financial planner
Dear Liz: I’m a fee-only financial planner with a quick comment regarding the investor who complained about a financial advisor who ran up a huge capital gains tax bill. I’ll bet that the vast majority of the gains came from selling the person’s initial investments to re-position them according to the advisor’s recommendations. That seems […]
Friday’s need-to-know money news
Today’s top story: You don’t need to be a citizen to have a US bank account. Also in the news: 3 money tasks you shouldn’t do on your own, how to save on granite countertops, and how to find cheap transportation to and from major airports. You Don’t Need to Be a Citizen to Have […]
Thursday’s need-to-know money news
Today’s top story: 9 unsung ways to earn airline miles for free. Also in the news: 5 ways not to blow a financial windfall, 5 ways to save at summer music festivals, and the best credit cards for grocery and dining out rewards. 9 Unsung Ways to Earn Airline Miles for Free Racking up miles […]
Wednesday’s need-to-know money news
Today’s top story: Shady industry finds new ways to charge student borrowers. Also in the news: A guide to garage door installation costs, athleisure vacations, and how to split the bill when eating out with friends. Shady Industry Finds New Way to Charge Student Borrowers A new company is offering loans to cover fees. A […]