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 […]
Recent Blog Posts
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 […]
Friday’s need-to-know money news
Today’s top story: Key factors to look for when evaluating your 401(k) plan. Also in the news: Banks turn to lottery-type prizes to get you to save, how to maximize your HSA in 2016, and how your student loan debt could threaten your retirement. 3 Key Factors When Evaluating Your 401(k) Plan Finding a plan […]
Thursday’s need-to-know money news
Today’s top story: Your FAFSA just became a bit shorter. Also in the news: How to determine how much house you can afford, eight surprising things that are taxable, and a new job perk that could pay off your student loans. Renewal FAFSA: Why It’s Easier and Why You Should Complete It Now The clock […]
Wednesday’s need-to-know money news
Today’s top story: How to keep calm and carry on in a volatile market. Also in the news: Why paying off your debt could hurt your mortgage chances, what the Super Bowl can teach you about money, and how your 2015 IRA contribution can hurt 2016-2017 college aid. 5 Ways to Keep Calm, Carry On […]
Tuesday’s need-to-know money news
Today’s top story: The possible dangers of chip cards. Also in the news: Making housing decisions in retirement, money mistakes to avoid for the newly single, and how to resolve your tax debt. Are Chip Cards Exposing You to a Deeper Form of Identity Theft? False sense of security? Should I Stay or Should I […]