Dear Liz: I sold one mutual fund to invest in another fund with the same company. The tax statement shows this as a capital gain so large that I cannot afford to pay it all in one payment to the IRS. This is a disaster. Is there anything I can do? Answer: Absolutely. File your […]
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Q&A: How much does a fee-only financial planner cost?
Dear Liz: You frequently suggest consulting a fee-only financial planner, such as those who are members of the Garrett Planning Network, which seems like great advice. Can you provide any guidance on how much one should expect to pay for the services of this type of planner? We are a couple living in Los Angeles […]
Friday’s need-to-know money news
Today’s top story: The biggest tax mistake Millennials make. Also in the news: The 10 best Tax Day sales and freebies, the pros and cons of paying off debt early, and how to decide how big your emergency fund should be. The biggest tax mistakes Millennials make Don’t overlook these deductions. 10 Best Tax Day […]
Thursday’s need-to-know money news
Today’s top story: Wallet-stretching tips for renters. Also in the news: Financial advice for newly married couples, why timing is everything with travel rewards credit cards, and how small businesses can be prepared when disaster strikes. 6 Wallet-Stretching Tips for Renters Keeping a roof over your head without breaking the bank. 10 Pieces of Financial […]
Wednesday’s need-to-know money news
Today’s top story: How to talk to your kids about money. Also in the news: Shrewd ways to use your tax refund for your future, how to survive an IRS audit, and tips for cancer patients who are worried about the cost of their care. How to Talk to Your Kids About Money The sooner […]
Tuesday’s need-to-know money news
Today’s top story: How to save money by refinancing your mortgage. Also in the news: How to spice up your retirement recipe, avoiding the financial pitfalls of divorce, and must-know money tips for new graduates. Tips to Save Money by Refinancing Your Mortgage What to consider when deciding to refinance. 6 key ingredients to spice […]