Today’s top story: The key tax changes for 2015. Also in the news: Costly mistakes that can destroy your credit, smart estate-planning steps to avoid probate, and why combining your finances in a relationship might be a bad idea. Key 2015 Tax Changes to Know About Don’t wait until the last second. 5 Smart Estate-Planning […]
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Tuesday’s need-to-know money news
Today’s top story: How to protect yourself against online identity fraud. Also in the news: Myths about student loan consolidation, why fewer retirement savings options could be a good thing, and the hefty cost of those Oscar gift bags. Follow These Steps to Guard Against Online Identity Fraud Doing whatever it takes to protect your […]
Monday’s need-to-know money news
Today’s top story: What to do if you’re a victim of tax fraud. Also in the news: Personal finance items couples hide from each other, why Millennials will spend more on Valentine’s Day, and why you should watch out for student debt predators. Victimized by tax fraud? Here’s what to do Take a deep breath. […]
Q&A: Social Security survivor benefits
Dear Liz: I am 63 and retired but have not started to collect my Social Security. My husband will be 67 in March. He started his Social Security at 62. Our plan is to wait until I am 70 to start my benefit, which would make my monthly amount significantly larger than his. If I […]
Q&A: Long-term capital gains tax
Dear Liz: I’m very confused about the long-term capital gains tax. Several years ago, I bought a house for $525,000 in Texas. I’ve been thinking about selling, and my real estate agent informed me that my home is now worth $1.5 million. I am a disabled veteran and have no tax liability because my income […]
Q&A: Paying off student loan
Dear Liz: am going to pay off one of my daughter’s private student loans. One has a balance of $8,500 at 4% interest and the other is for $7,500 at 6%. Which one should I pay off? Answer: You have a lucky daughter, either way. In addition to balances and rates, the other variable you […]