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 […]
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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 […]
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 […]