Today’s top story: When good money advice is bad for you. Also in the news: Loyalty program overload, 4 ways socially responsible banks are good for you and your wallet, and why we stress spend during the holidays. When Good Money Advice Is Bad for You One size does not fit all. Loyalty Program Overload? […]
Recent Blog Posts
Are you paying too much for financial advice?
Investment management can cost as little as 0.25 percent of a portfolio’s value each year. Yet many people still pay 1 percent, or even more, for financial advice. Whether they’re getting a good deal depends on exactly what they get in exchange. Spoiler alert: Many should be getting a lot more, or paying a lot […]
Monday’s need-to-know money news
Today’s top story: How to rebound from natural disaster debt. Also in the news: Quitting your job without another lined up, a 5-step recipe for financial success, and how to get in the holiday spirit without going into debt. How to Rebound From Natural Disaster Debt Slow and steady recovery. Ask Brianna: Should I Quit […]
Q&A: How to sort out the taxes when you sell your house
Dear Liz: I am trying to understand the capital gains tax exemption as it applies to the sale of a house. If I have no mortgage and I sell my house before I have lived in it for two of the previous five years that are now required for the exemption, is it based on […]
Q&A: Volunteering can fill a void for unhappy retirees
Dear Liz: I was very disappointed in your response to the reader who was unable to cope with unplanned retirement. The reader has sufficient assets but was unable to manage the loss of purpose. This is common, and maintaining purpose is one of the most important components of a healthy retirement. You did not mention […]
Wednesday’s need-to-know money news
Today’s top story: What to do if an ATM eats your deposit. Also in the news: Betterment adds a charitable giving option, 3 things you definitely shouldn’t finance, and the best Cyber Monday sales for 2017. What to Do if an ATM Eats Your Deposit Don’t panic. Betterment Adds a Charitable Giving Option Just in […]