Dear Liz: When applying for credit or at other times when one must state gross income, how should virtual income be computed and treated? My wife and I have annual tax-free income of about $96,000, not subject to offset of any kind, plus our $8,000 annual property taxes are waived in their entirety, as are […]
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Q&A: Social Security vs. state pension
Dear Liz: I worked enough in private industry to qualify for Social Security benefits, but then worked for the state and did not contribute to Social Security for another 20 years. So, I will have a state pension at my current salary as well as Social Security representing my former salary, which was about one-third […]
Friday’s need-to-know money news
Today’s top story: How to save money without disrupting your lifestyle. Also in the news: What you can learn from your tax return, discovering your FI number, and why millennials should consider a robo-advisor. How to Save Money Without Disrupting Your Lifestyle Saving doesn’t have to be painful. 5 things you can learn from your […]
Thursday’s need-to-know money news
Today’s top story: How the new advisor rule will effect your retirement investments. Also in the news: Why a better FICO score leads to a better retirement, how to avoid retirement rip-offs, and protecting your tax returns from criminals. What the New Advisor Rule Means for You, Your Retirement Investments Introducing the fiduciary rule. How […]
Wednesday’s need-to-know money news
Today’s top story: Should you pay your taxes with a credit card? Also in the news: Smart money moves for April, tax myths about IRS audits and why having more money won’t fix your financial problems. You can pay your taxes with credit card, but should you? The convenience could become costly. Smart Money Moves […]
‘Alternative’ Credit: Your Scores Still Matter
Startup and traditional lenders alike are looking for the new prize: creditworthy people who don’t have good credit scores. To find them, companies are experimenting with all kinds of alternative data that’s typically not part of credit reports, such as utility bills, social media posts and how often you change your address. In addition, some […]