This week’s top story: How to set good money examples for kids. In other news: Cyber Monday sales, 5 credit card rewards pitfalls to avoid this holiday season, how NYC crackdown on Airbnb, Vrbo-style rentals affects travelers. How to Set Good Money Examples for Kids Your money-related actions and conversations can model positive behaviors for kids, […]
Recent Blog Posts
Companies’ deceptive ‘dark patterns’ online cost you money — here’s how to fight back
See if any of this sounds familiar: ● You can’t find an easy way to cancel an unwanted subscription, so you let it continue for another month — telling yourself you’ll try again later. ● You feel rushed into an online purchase you regret, but there’s no option to undo the transaction or demand a […]
Q&A: Roth IRAs and taxes
Dear Liz: I sold some stocks from a Roth IRA to pay for some bad debts. Is this going to count as taxable income for this year? Answer: You can always withdraw the amount you contributed to a Roth IRA without owing income taxes or penalties. For example, if you withdrew $10,000 but your contributions over the years totaled […]
Q&A: What happens to joint credit cards after your spouse dies?
Dear Liz: My husband died last year and we have three credit cards in his name with me as authorized user. When applying for new credit, do I still use his name or my name now? And should I remove his name and put my name only on all accounts? Answer: You’ll apply for new credit in your own […]
Q&A: IRA investments and minimum distributions
Dear Liz: I have an IRA invested in stocks, bonds and Treasury bonds. I’m 60 now and am hoping to retire in a few years. When I stop work and start pulling money from my IRA, can I withdraw a security or Treasury bond? Or must I first sell the security or Treasury bond, and then […]
Taking these financial steps could help post-divorce recovery
Jamie Lima remembers his divorce six years ago as one of the most emotionally draining and financially challenging experiences of his life. As a result, he resolved to use his professional background as a certified financial planner to help other people going through similar situations. “I want to make sure other people don’t step on […]