Dear Liz: In 2007, my parents signed over their house deed to my name. Does this trigger the gift tax? They never filled out a gift tax form. Is it too late? Dad has passed on but Mom is still with us. She has Alzheimer’s disease, and I have her power of attorney. Are there […]
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Friday’s need-to-know money news
Today’s top story: You cannot hide from debt collectors. Also in the news: Why you’re losing money with your savings account, the most important document you’ve been ignoring, and how to talk to your child about your finances. Why You Can’t Hide From Debt Collectors They specialize in relentless. Why you’re losing money by stashing […]
Thursday’s need-to-know money news
Today’s top story: How many accounts are too many on your credit report? Also in the news: What your car is really costing you, how to manage your money in your 30’s, and it’s time to spring clean your finances. Do I Have Too Many Accounts on My Credit Report? The answer may surprise you. […]
Wednesday’s need-to-know money news
Today’s top story: How credit cards can hurt your credit without charging a dime. Also in the news: Protecting yourself from tax scammers, top 10 tax tips for individuals, and five things that could trigger a larger tax bill. Why Applying for Lots of Credit Cards Can Hurt Your Credit Hard inquiries can lower your […]
Are you ready?
The earthquake that rattled us out of bed Monday morning also served as a reminder: it’s time to check the emergency supplies. And it occurred to me that preparing for emergencies has a lot in common with preparing for retirement. Consider: Most people are woefully unprepared. Not just “under-prepared” but not even being in the […]
Tuesday’s need-to-know money news
Today’s top story: How to cope when friends and family steal your identity. Also in the news: How to deal with defaulting on your student loans, storing your digital items for free, and five tax credits and deductions you should know about. When Family and Friends Steal Your Identity Dealing with the financial and the […]