Dear Liz: We are in the lowest tax bracket. If we sell a capital gains asset worth several hundred thousand dollars, does that put us in a higher bracket and we pay 20% or do we remain in the lower bracket and pay 15%? Answer: In the two lowest federal income tax brackets, the capital […]
Recent Blog Posts
Q&A: Cerebral slide can hit your wallet
Dear Liz: As a practicing attorney, age 72, I take exception to your advice to the grandmother who complained about her husband co-signing for his granddaughter’s deadbeat boyfriend’s auto loan. You said, “He is showing signs of cognitive impairment.” She never gave his age. Even if he was past 70, an impairment may or may […]
Q&A: Do the math on retirement benefits
Dear Liz: My full retirement age for Social Security benefits is 66. To receive that amount, do I have to keep working until I am 66? I was going to retire at 63 and receive a state pension and wait until 66 to apply for Social Security. I wasn’t planning on working full-time from 63 […]
Friday’s need-to-know money news
Today’s top story: Covering the costs of long-term care. Also in the news: Discovering tax credits you qualify for, how to save money on your wedding day, and how the government’s new rules will make payday loans a little less terrible. Covering the Costs of Long-Term Care Preparing for the future. What Tax Credits Can […]
Thursday’s need-to-know money news
Today’s top story: Credit counseling for housing. Also in the news: What happens to your debt after you die, how to benchmark your net worth, and how to navigate five embarrassing money situations. Credit Counseling for Housing: What It Is and What to Expect You don’t have to go it alone. Will Your Heirs Have […]
Wednesday’s need-to-know money news
Today’s top story: What you need to know about the new Social Security changes. Also in the news: Deciding between leasing or buying a car, how new graduates starting a business should manage their debt, and what to know before rolling over your 401(k). What You Should Know About the New Social Security Rules Big […]