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 […]
Recent Blog Posts
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 […]
Tuesday’s need-to-know money news
Today’s top story: Black Friday snafus and the insurance that fixes them. Also in the news: Holiday credit card promotions, how to skip long lines at the airport without spending a dime, and five things you shouldn’t buy on Black Friday. Black Friday Snafus and the Insurance That Fixes Them Protect yourself. Are Holiday Credit […]
When good money advice is bad for you
Discussing economic class is tricky in America, but the working and middle classes face vastly different financial challenges than upper-income families, and the gaps are growing wider. Good money advice for high earners could be lousy for low earners, and vice versa. For example, certified financial planners recommend saving a three-month emergency fund before tackling […]
Monday’s need-to-know money news
Today’s top story: What doesn’t affect your credit score. Also in the news: A crash course for first-time Black Friday shoppers, how far your money will stretch on Black Friday, and how to pick a college that won’t break the bank. What Doesn’t Affect Your Credit Score Focusing on the important factors. A Crash Course […]