Dear Liz: We plan to give our children some stock that we have had for several years. What is the tax consequence when they sell it? Is it the difference from the value when we gave it to them till they sell it, or the difference from the value when we purchased it? Answer: If […]
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Friday’s need-to-know money news
Today’s top story: Amazon Prime hits $119. You’ll probably pay it. Also in the news: Understanding a bear market, 5 money mistakes 20-somethings make, and the 3 best reasons to rent your home instead of buying. Amazon Prime Hits $119. You’ll Probably Pay It. It’s about more than just free shipping. What Is a Bear […]
Thursday’s need-to-know money news
Today’s top story: Does the CFPB still care about students? Also in the news: How to use your tax return to map out a better financial future, paring down the price of a move to a new state, and 6 strategies to get a divorce without going broke. Does the CFPB Still Care About Students? […]
Wednesday’s need-to-know money news
Today’s top story: Fighting auto loan bias, despite Congress. Also in the news: What you should tell your financial advisor, how much you should spend on a Mother’s Day gift, and why you shouldn’t pay anyone to help with your student loans. You Can Fight Auto Loan Bias, Despite Congress’ Reversal Preapprovals are key. What […]
Tuesday’s need-to-know money news
Today’s top story: How much you should contribute to an IRA and how often. Also in the news: Creating a meaningful financial plan, what you should tell your financial advisor, and how to avoid drunk shopping binges. How Much Should I Contribute to an IRA — and How Often? Establishing a schedule. Ask Why, Not […]
Don’t let your credit die of neglect
Certified financial planner David Rae says he used to think that “anyone who could draw breath” could get an auto loan. Then one of his millionaire clients tried to buy a car — and failed. The 42-year-old client was turned down for a loan because he had no credit scores , says Rae, who is […]