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Recent Blog Posts
Monday’s need-to-know money news
Today’s top story: April 18th isn’t just the tax-filing deadline. Also in the news: Why so many credit cards are from Delaware, how to file a tax extension online, and lowering your tax bill with IRA contributions. April 18 Isn’t Just the Tax-Filing Deadline Other items to add to your to-do list. Why So Many […]
Q&A: Investors need to stop trying to time the market
Dear Liz: My 25-year-old son is a new investor. He put $11,000 ($5,500 each for 2016 and 2017) into an IRA in a money market fund with a discount brokerage firm. He doesn’t want to get into the market yet because he thinks it is in a bubble. I’m afraid with this strategy, he could […]
Q&A: Co-signing a loan may affect credit score
Dear Liz: Despite having high credit card debt (about $35,000), which I am working hard to pay off, my FICO score is consistently over 765 and I have never been denied credit — until now. I was recently denied for a card because of “high debt to earnings” (I earn about $85,000 annually.) Could that […]
Q&A: Capital gains tax on home sale profit
Dear Liz: I recently sold a home and am trying to escape the dreaded capital gains tax. I’ve done everything I can to reduce my overall tax bill, including maxing out my retirement contributions. I don’t want to buy a more expensive home to escape the gains tax. Any thoughts? Answer: Buying a more expensive […]
Thursday’s need-to-know money news
Today’s top story: Only 1 in 10 Americans are at Peak Financial Health. Also in the news: How to dodge stock market scams, when a tax refund means bankruptcy, and millennial parents face the reality of baby costs. Only 1 in 10 Americans at Peak Financial Health Where Americans are falling short. How to Dodge […]