Dear Liz: Prior to retiring in 2015, I contributed to a health savings account. At the time my spouse and I were enrolled in my employer-provided high deductible health insurance plan. After I retired, I enrolled in an HMO plan my employer provided, which is not high deductible, and my wife enrolled in a Medicare […]
Recent Blog Posts
Q&A: This trust avoids probate (but not death and taxes)
Dear Liz: Reading your articles I understand that having a revocable living trust makes transferring wealth quicker and easier. What about taxes? If you use a will to bequeath your house, for example, the beneficiaries get a stepped-up cost basis. What are the taxes with a revocable living trust? Do you pay taxes on assets […]
Q&A: So many credit scores — here’s how to get yours
Dear Liz: You recently discussed FICO scores. Please let me know how I can get mine. My bank says it can only give my husband his score because he is the principal on our account. Answer: Remember that you don’t have one FICO credit score, you have many. Lenders use different versions and generations of […]
Thursday’s need-to-know money news
Today’s top story: How to cash in on short-term rentals like Airbnb. Also in the news: How to get your business out of debt in five steps, and how to make to make the most of your summer vacation. How to Cash In on Short-Term Rentals Like Airbnb, VRBO Generating extra income with your extra […]
Wednesday’s need-to-know money news
Today’s top story: The high cost of bad credit. Also in the news: 5 tips to finding a cheaper flight, auto-paying bills by credit card, and United States workers are losing out on billions of dollars in pay. How Costly Is Bad Credit? Many Don’t Know, Survey Shows Ignorance isn’t bliss. 5 Tips to Find […]
Tuesday’s need-to-know money news
Today’s top story: A guide to who needs life insurance. Also in the news: Budgeting for new parents, planning a summer family vacation, and how to still afford a house while spending all your money on avocado toast. A Guide to Who Needs Life Insurance Do you? Budgeting for New Parents: From Day Care to […]