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 […]
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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 […]
Wednesday’s need-to-know money news
Today’s top story: How to save like a superhero. Also in the news: The best way to pay for your next flight, the big mistake one-third of credit card holders are making, and warnings about Amazon third-party accounts. Save Like a Superhero: Roth IRAs and 529 Plans Superpowered savings. Cash or Points? The Best Way […]
Tuesday’s need-to-know money news
Today’s top story: What student loan borrowers need to know about the Navient lawsuit. Also in the news: 5 ways to avoid blowing your tax refund, how to prepare financially for a baby, and spreading your tax refund across multiple accounts. Navient Lawsuit: What Student Loan Borrowers Need to Know Navient is facing three lawsuits. […]
Monday’s need-to-know money news
Today’s top story: These 4 tax bills can surprise, but you can be ready. Also in news: Can’t pay your taxes? Here are 6 ways to cope. Why stay-at-home spouses should buy life insurance, and how to avoid blowing your tax refund. These 4 Tax Bills Can Surprise, but You Can Be Ready Be prepared. […]
Are you financially healthy?
Traditional financial literacy efforts haven’t been a rousing success. Research from Harvard Business School shows that even Americans who are taught personal finance in school don’t seem to save more or manage credit better than anyone else. That’s why many experts concerned about Americans’ money habits — including regulators such as the Consumer Financial Protection […]