Dear Liz: You recently answered a question from grandparents who were contributing $20,000 to their grandson’s college education. You correctly told them they did not qualify fdownloador federal education tax credits or deductions because he was not a dependent. You might let grandparents know, however, that they may get a state tax break for contributing […]
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Q&A: Thrift Savings Plan
Dear Liz: I am a federal government retiree with a very small retirement account in the Thrift Savings Plan. Where can I invest my small savings so it can safely grow? The balance has not changed for over six months now. If I keep it in the Thrift Savings Plan, what fund is the safest? […]
Monday’s need-to-know money news
Today’s top story: Beware of new estate planning laws. Reducing your financial stress, what you need to know before buying your first home, and five credit card hacks that can save you money. Your estate plan: Be aware of new laws Introducing portability. 3 Ways You Can Reduce or Remove Your Financial Stress Prioritizing what’s […]
Friday’s need-to-know money news
Today’s top story: How you may be exposing yourself to fraud. Also in the news: Why responsible people can have bad credit scores, tricks advertisers use to make you spend money, and the money nightmares keeping us awake at night. 16 Ways You May Be Exposing Yourself to Fraud Stop being your own worst enemy. […]
Thursday’s need-to-know money news
Today’s top story: How a single missed student loan payment can damage your credit. Also in the news: Finding a financial advisor who won’t rip you off, how tax liens can affect a spouse’s credit, and seven fall budget moves you need to make before the holidays begin. Most Students Don’t Get How Bad It […]
Wednesday’s need-to-know money news
Today’s top story: College financial aid advice for divorced families. Also in the news: Getting teens to save can have a long term payoff, bad money habits you need to break, and how to make living on a budget less of a slog. College Financial Aid Advice For Divorced Families Navigating through the financial aid […]