Dear Liz: A friend was told by Social Security that she could not collect spousal benefits on her ex-husband’s work record because she did not have his Social Security number. How can I help her find it? Answer: Your friend may have run into a new Social Security employee, or at least one who is […]
Recent Blog Posts
Q&A: Income tax vs. capital gains tax
Dear Liz: I was wondering about the disabled vet who wanted to sell his home, which had increased in value by about $1 million. You mentioned that “[S]ingle people with incomes over $415,050 in 2016 are subject to the 39.6% marginal tax rate. Most people pay capital gains tax at a 15% rate, but those […]
Friday’s need-to-know money news
Today’s top story: How life insurance can affect your estate taxes. Also in the news: Money tips for new workers, 401(k) tips for when you quit your job, and important money lessons for kids under 5. How Life Insurance Can Affect Estate Taxes Life insurance comes into play if you have a sizeable estate. 4 […]
Thursday’s need-to-know money news
Today’s top story: Understanding renters insurance. Also in the news: How many credit cards is too many, financial tips for military members making the transition to civilian life, and how your Health Savings Account can work like a super-IRA. Understanding Renters Insurance Protecting your valuables. Can You Have Too Many Credit Cards? Is there a […]
Why We No Longer Fear the IRS
Our tax laws are complex and often difficult to understand. Tax professionals warn us of the perils of audits. Penalties for getting our taxes wrong can be stiff — up to and including jail for those who deliberately evade the taxman. So why don’t we fear the IRS? Clearly, we have some fears about April […]
Wednesday’s need-to-know money news
Today’s top story: How to start investing. Also in the news: Inexpensive online money management classes, social media scams to watch out for, and why your busted March Madness bracket isn’t all bad news. New to Investing? 4 Steps to Get You Started Putting your money to work. Your Guide to Inexpensive Online Money Management […]