Dear Liz: My son, 27, has a 2009 car that needs a new engine and is not running. The engine would cost $6,100 to replace, which is money he doesn’t have. He owes $10,000 on his car loan at 6% interest. The car would be worth only about $4,500 if it were running. Should he […]
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Q&A: Giving a gift with a built-in loss
Dear Liz: You recently answered a question about the tax implications of gifting stock to children. You mentioned that if the stock had lost value since its purchase, the children could use the loss to offset capital gains or, in the absence of gains, up to $3,000 a year of income, with the ability to […]
Friday’s need-to-know money news
Today’s top story: 3 things you can buy for less on Memorial Day. Also in the news: Why declining rental car insurance abroad is risky, hidden hotel fees that could spoil your stay, and 15 money-saving tips for big families. 3 Things You Can Buy for Less on Memorial Day A handy cheat sheet. Declining […]
Thursday’s need-to-know money news
Today’s top story: 6 ways to build your credit in less than an hour. Also in the news: Investing in international stocks, why you should invest in the stock market even if it scares you, and where to find the best Memorial Day sales. 6 Ways to Build Your Credit in Less Than an Hour […]
Wednesday’s need-to-know money news
Today’s top story: What the Dodd-Frank rollback means for consumers. Also in the news: Memorial Day travel tips to remember, a day in the life of a portfolio manager, and 4 in 10 Americans can’t fund a $400 emergency expense. Dodd-Frank Rollback: What It Means for Consumers Sorting through the confusion. Memorial Day Travel Tips […]
Tuesday’s need-to-know money news
Today’s top story: 6 questions to ask before getting your favorite brand’s credit card. Also in the news: 7 ways to save on concert tickets, why you should try slow travel at least once, and where you have the best chance of finding a free checking account. 6 Questions to Ask Before Getting Your Favorite […]