Dear Liz: Do I understand correctly that I must live in a house for two years before selling it to avoid paying capital gains tax, regardless of how much I may profit from the sale? Answer: You do not. You must live in a home for two of the previous five years to exempt up […]
Recent Blog Posts
Friday’s need-to-know money news
Today’s top story: Spending, saving, or investing your graduation gift. Also in the news: How to find your net worth, how to avoid auto repossession, and avoiding a huge salary negotiation mistake. Should You Spend, Save or Invest Your Graduation Gift? Using it wisely. How to Find Your Net Worth Determining your number. Late Car […]
Thursday’s need-to-know money news
Today’s top story: Budgeting for newlyweds. Also in the news: What you need to know about May’s Fed meeting, should a partner’s debt keep you from marrying, and a retirement literacy quiz you need to pass. Budgeting for Newlyweds: Figuring Out Family Finance Now comes the fun part. May 2017 Fed Meeting: 7 Questions (and […]
Wednesday’s need-to-know money news
Today’s top story: Four times when you might need a financial planner. Also in the news: Understanding the Glass-Steagall Act, how to manage money in your 20s, and how the Affordable Care Act drove down personal bankruptcy. 4 Times When You Might Need a Financial Planner Times when you shouldn’t go it alone. The Glass-Steagall […]
Tuesday’s need-to-know money news
Today’s top story: The costs associated with “free” college programs. Also in the news: 4 easy ways to become a banking guru, 3 medical debt mistakes to avoid, and 9 internships that pay better than “real” jobs. ‘Free’ College Programs Will Still Cost You Not all expenses are covered. 4 Easy Ways to Become a […]
Go nuclear on your debt – move away
Ken Ilgunas paid off $32,000 in student loans two and a half years after graduation — starting with a $9-an-hour job. With zero job offers in his chosen field of journalism, he instead moved from Wheatfield, New York, to Coldfoot, Alaska, a truck stop and tourist camp north of the Arctic Circle, so he could […]