Dear Liz: Your recent column about proprietary funds confused me. You mentioned that selling these funds can trigger capital gains tax. Is it not true we can move investments directly from one money manager to another and not take a capital gain as long as the funds remain invested? Answer: If you can move a fund from […]
Recent Blog Posts
Q&A: After a windfall, questions on what to do with the cash
Dear Liz: After selling my house and downsizing at age 84, I am cash rich for the first time in my life. My goal now is not so much to grow the money substantially, but to avoid paying taxes on my investments, as I would have to do with certificates of deposit. Are tax-free municipal bonds […]
Q&A: Medicare Part D Premiums: Balancing Costs and Coverage in 2025
Dear Liz: I would like to comment on your response to the letter about the high cost of Medicare Part D prescription drug coverage. You correctly noted the $2,000 cap on covered drug costs, starting next year. However, there is no cap on the cost of the monthly premiums. My cost for the Part D monthly […]
Q&A: Tax Deductibility of Home Equity Loans and Lines of Credit
Dear Liz: You recently wrote about home equity lines of credit and home equity loans. You might have mentioned that these are tax deductible under certain circumstances. Answer: Yes, but the circumstances are increasingly rare. Technically, the interest on a home equity loan or line of credit can be deductible when the money is used to improve […]
Q&A: Proprietary investment funds might offer a personal touch, but they come with an important catch
Dear Liz: One subject I’ve never seen you address is the use of proprietary funds by financial advisors. We’ve taken over the finances of my in-laws, whose advisor put their money in a well-balanced portfolio, but all within a proprietary fund group. We are more or less stuck with continuing with their advisor because only certain […]
Q&A: Social Security Disability Benefits for Disabled Adult Children
Dear Liz: This is regarding the writer whose daughter is a 21-year-old single mom with bipolar disorder and major depressive disorder. Adults who are disabled before age 22 can be eligible for Social Security Disability Insurance under the Disabled Adult Child program. After two years of SSDI, she would be eligible for Medicare. An attorney who […]