Dear Liz: You’ve written about trusts recently, but I’m confused. What are the benefits of creating a trust and putting all of your assets in it? Does it make sense for someone in their 30s and without any major assets, such as a house, to create a trust? Will I need to create a new […]
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Friday’s need-to-know money news
Today’s top story: How to throw a blockbuster Oscar bash on an indie budget. Also in the news: Checking out your hotel room for safety, the stock market is back on the roller coaster, and why paper bank statements aren’t done just yet. Throw a Blockbuster Oscars Bash on an Indie Budget The award for […]
Thursday’s need-to-know money news
Today’s top story: Why tax refunds aren’t fun anymore. Also in the news: 12 first-time home buyer mistakes and how to avoid them, 9 easy ways to earn travel rewards you’ll actually use, and Equifax says hackers stole more info than previously reported. Why Tax Refunds Aren’t Fun Anymore No more splurging. 12 First-Time Home […]
Wednesday’s need-to-know money news
Today’s top story: It’s tax scam season. Here’s when to call shenanigans. Also in the news: Starting with a budget when planning a wedding, how to find good, cheap stocks, and a major data breach at the Marine Forces Reserve. Planning a Wedding? Start With the Budget Setting reasonable expectations. It’s Tax Scam Season. Here’s […]
Tuesday’s need-to-know money news
Today’s top story: What every first-time flyer needs to know. Also in the news: 4 steps to finding good, cheap stocks, how to buy a house that hasn’t been built yet, and a surprising source you can tap for long-term care services. What Every First-Time Flyer Needs to Know Review these steps before takeoff. 4 […]
When a tax refund is a lifeline, not a windfall
The typical advice about what people should do with their tax refunds — save for retirement! pay off debt! — ignores how little wiggle room many families have with their finances. Tax refunds averaged $2,895 last year, and were the largest single cash infusion received all year by 40 percent of the checking account holders […]