Today’s top story: How to make June’s Fed rate hike work for your savings. Also in the news: What the Fed rate hike means for your CDs, how to save money on wedding music, and making it easier for your loved ones to figure out your finances if you die. How to Make June’s Fed […]
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Wednesday’s need-to-know money news
Today’s top story: Why brand loyalty makes some blind to retail cards’ flaws. Also in the news: The good, the bad and the budget of destination weddings, how to save on central air, and what to know about your insurance when you’re on vacation. Why Brand Loyalty Makes Some Blind to Retail Cards’ Flaws Your […]
Tuesday’s need-to-know money news
Today’s top story: How 1% savings hikes can spice up retired life by $1 million. Also in the news: 7 ways to save at Disneyland, why you shouldn’t let a down payment scare you from buying a home, and how Millennial men and women invest differently. 1% Savings Hikes Can Spice Up Retired Life by […]
Beware of hidden taxes in retirement
Your taxes in retirement may be a lot more complicated than taxes while you’re working. Social Security checks may or may not be taxed, depending on your income. You’ll pay federal income taxes on most retirement plan withdrawals, but additional state taxes depend on where you live. Tax rates on investments can vary as well. […]
Monday’s need-to-know money news
Today’s top story: Nondeductible IRA – for when you’re too rich for a regular one. Also in the news: How to get more bang for your beauty buck, how to know if your pet will dig a subscription box, and the 2018 FAFSA deadline is approaching. Nondeductible IRA: For When You’re Too Rich for a […]
Q&A: What to do when a financial advisor doesn’t act in your best interests
Dear Liz: I hired a fee-only financial advisor a year ago. The advisor’s firm also included a CPA who prepared my 2017 tax return. My tax liability was 100% more than what I paid via my W-2 withholding because the advisor traded constantly, incurring short-term capital gains. He authorized 45 trades in a three-month period. […]