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 […]
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Monday’s need-to-know money news
Today’s top story: How to break free from credit card inertia. Also in the news: How to travel like a minimalist and save big, paring down the price of a move to a new state, and the 401(k) fees you need to know. How to Break Free of Credit Card Inertia Evaluating your cards. Travel […]
Q&A: If your job reimburses you for education costs, can you still get a tax deduction?
Dear Liz: I established a Coverdell Education Savings Account for my son about 20 years ago. My son has since graduated, and there is still about $12,000 left in that account. He has worked a few years and now is going to graduate school while still being employed. His employer will do education reimbursement. How […]
Q&A: Selling a home you’ve shared with tenants
Dear Liz: I am 53 and own a home in which I live and rent out rooms. Every year I pay my taxes on the rental income and get to deduct depreciation. How does this affect the taxes I will pay on the home when I sell it? Will I be able to claim the […]
Q&A: Social Security spousal benefits
Dear Liz: I’m remarried and don’t plan to claim a spousal benefit on my husband’s Social Security, as my benefit will be four times what his will be. My previous marriage ended in divorce at 10 years, and my ex died two years ago. How do I find out if I’m eligible to collect on […]
Friday’s need-to-know money news
Today’s top story: Where college students can find emergency money, food and housing. Also in the news: 8 ways to get cheap movie tickets, how the new CFPB prepaid card rule affects you, and your 2018 HSA contribution limit just changed (again). Where College Students Can Find Emergency Money, Food and Housing You’re not alone. […]