This week’s top story: Smart Money podcast on making your big money reset. In other news: what do financial experts say about investing in AI stocks, if COVID costs will be covered when the health emergency is ended, and what to do when Medicare doesn’t cover your prescription drug. Smart Money Podcast: Making Your Big Money […]
Recent Blog Posts
Q&A: They lent their friend a van. It’s getting awkward. Now what?
Dear Liz: A friend of ours had a huge problem with car repairs last year. This friend got ripped off by a mechanic who took money for the work to repair his car and never repaired it. So my husband and I were kind enough to loan him our van for what we thought would be […]
Q&A: Securities Investor Protection Corp. coverage
Dear Liz: This is a follow-up question to your column concerning stock brokerage accounts and the coverage provided by Securities Investor Protection Corp. My husband and I are puzzled as to how the failure of a brokerage, which does not actually own our shares of stock, could cause us to lose that stock, leaving us to the limited […]
Q&A: Another view of house bequest
Dear Liz: You recently answered a question about a mother who gave her home to her two children shortly before she died. You wrote that when a home is gifted, the recipients also get the original owner’s tax basis and thus there is no step up in tax basis at death. However, if the mother continued to live […]
This week’s money news
This week’s top story: Smart Money podcast on recession anxiety, and retirement savings vs. mortgage payoff. In other news: 5 tax tips for older adults, paying taxes for a bank bonus or interest, and how a tax extension can delay your business loan application. Smart Money Podcast: Recession Anxiety, and Retirement Savings vs. Mortgage Payoff […]
How to protect parents from financial scams
When a scam artist called Cameron Huddleston’s mom to tell her to wire money in order to claim a prize, Huddleston had to intercept the calls. Her mom, who had been diagnosed with Alzheimer’s, was convinced she had to wire the money as soon as possible. “That was a wake-up call for me. If you […]