Today’s top story: Avoiding financial pitfalls in your 20’s. Also in the news: The hidden costs of selling your home, what to do when you haven’t saved for your kid’s college tuition, and the clock is ticking on a popular Social Security strategy. How to Avoid 5 Financial Pitfalls in Your 20s Welcome to the […]
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Monday’s need-to-know money news
Today’s top story: How small choices can have a big impact on your finances. Also in the news: 9 things that can trigger an IRS audit, how to organize your financial documents, and 10 tax breaks for homeowners. Small Choices Have a Big Impact on Your Finances Why some become rich and others stay broke. […]
Q&A: Fixing a wounded credit score
Dear Liz: My wife and I co-signed on our daughter’s mortgage, then the home went into foreclosure. My wife and I have no debt and a net worth that exceeds $1 million. We purchased our cars with cash and the single credit card we have with a $35,000 limit is paid off in full each […]
Q&A: Options for paying a big IRS bill
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 […]
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 […]