Dear Liz: You recently answered a question about what a wealthy couple could do to reduce future estate taxes, and you mentioned the annual exclusion. They also could pay education and medical expenses for anyone, and there’s no annual limit. Answer: Absolutely — and the couple’s estate planning attorney almost certainly would have informed them […]
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Friday’s need-to-know money news
Today’s top story: IRS changes you should know about before filing taxes. Also in the news: How to avoid your parents’ money mistakes, how to avoid tax scammers, and what to do when you’re struggling with student debt. IRS Changes You Should Know About Before Filing Your Taxes New rules for the new year. How […]
Thursday’s need-to-know money news
Today’s top story: How to manage your investments during the Trump presidency. Also in the news: How to dig out from December’s debt, why ‘Buy Online, Pick Up in Store’ is a double-edged sword, and the first thing you should do after paying off a big debt. How to Manage Your Investments During the Trump […]
Wednesday’s need-to-know money news
Today’s top story: 3 things you should know about the Dow hitting 20,000. Also in the news: Starting 2017 with a financial cleanse, how to protect your finances during a divorce, and tax-preparation tips for early birds. 3 Things You Should Know About the Dow Hitting 20,000 Breaking the 20K mark. Start 2017 With a […]
Tuesday’s need-to-know money news
Today’s top story: How medical bill advocates can slash your costs. Also in the news: How two-factor authentication protects your online info, how investing apps can foil financial planning, and four credit card trends for 2017. How Medical Bill Advocates Can Slash Your Costs An advocate will go to bat to reduce your medical costs. […]
Your mother’s maiden name is not a secret
Your mother’s maiden name is probably not a secret. Neither, necessarily, is your high school mascot or the size of your car payment. But some banks and brokerages still pretend this is information only you would know, and that could be putting your money at risk. So-called security questions long ago outlived their usefulness, since […]