Dear Liz: You recently told a husband who wanted to spend his wife’s expected inheritance that the money would be her separate property. Is that true of all states or just community property states like California? Even if it can be kept legally separate, should it be? Isn’t it better for couples to share their […]
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Q&A: When a government pension doesn’t reduce Social Security benefits
Dear Liz: I have contributed to Social Security for 40 years and have no government pension. My husband selected a reduced teacher’s pension so I would receive that same amount should he predecease me. Will my Social Security be reduced in this scenario? Answer: No. The provisions that may reduce Social Security payments such as […]
Friday’s need-to-know money news
Today’s top story: How to gift stock to a new grad. Also in the news: Memorial Day weekend sales, what to do if you miss a financial goal, and why your 401(k) can be a cash drain. How to Gift Stock to a New Grad A gift for the future. Making a Major Purchase? Wait […]
Thursday’s need-to-know money news
Today’s top story: Why stock pickers usually don’t beat the market. Also in the news: travel bloggers spill savings secrets, how to help your teen use their summer job earnings wisely, and some welcome news about college tuition. 3 Reasons Most Stock Pickers Don’t Beat the Market A tough, tough job. Travel Bloggers Spill Savings […]
Wednesday’s need-to-know money news
Today’s top story: 7 tax tips for new college grads. Also in the news: Why many people don’t know the cost of bad credit, how to travel on the cheap, and the death of payday loans. 7 Tax Tips for New College Grads It’s a whole new tax world. How Costly Is Bad Credit? Many […]
‘Smart’ money moves that aren’t so smart
The odds of winning a lottery are infinitesimal. Yet inevitably, someone does. Inspired by the idea of a huge payoff, millions of people burn money on lottery tickets. The financial strategies below aren’t as much of a long shot as the lottery. More than a handful of people may actually benefit. But many who are […]