Dear Liz: I have a few simple questions about disability, but have been getting different answers from different advisors. Even the Social Security site has different answers. My wife, a nurse, is 71 and has been working for more than 45 years. She is receiving Social Security benefits, starting when she was 70. She has been […]
Recent Blog Posts
Q&A: Lost retirement accounts are a growing problem. How to track down yours
Dear Liz: I applied for and received Social Security widow’s benefits from my deceased ex-husband. Social Security notified me that my ex-husband had a profit-sharing plan that could have beneficiary money. I have tried to find out the correct people to talk to, but the original employer has changed hands a few times. I spoke to […]
Make your credit cards less vulnerable to fraud
Last year, one of my family’s credit cards was used to rack up hundreds of dollars in bogus charges at Apple.com. Another card was compromised four times in a row, as thieves repeatedly charged merchandise and Uber rides. We ultimately got our money back, but repeated credit card fraud can be frustrating and disheartening. Dealing with the […]
This week’s money news
This week’s top story: Smart Money podcast on investing for your family’s future. In other news: Family budgeting tips that actually work, billions spent on tax returns that could be filed for free, and 3 ways to maximize points and loyalty programs on your work trips. Smart Money Podcast: ‘The Color of Wealth’: Investing for Your […]
Q&A: Capital gains on inherited property
Dear Liz: You recently advised the heir to a triplex that they’d have to pay capital gains tax if they sell the property, but if they keep it and bequeath to their children, there would be no capital gains for the children. How does that work? Answer: The original letter writer inherited the property from a parent in […]
Q&A: Tax consequences of a CD bequest
Dear Liz: I currently have a certificate of deposit with what I consider a reasonably high balance. I’ve named a beneficiary in the event something were to happen to me. Would there be tax consequences for the beneficiary upon receipt? Answer: There’s no federal inheritance tax, but six states — Iowa, Kentucky, Maryland, Nebraska, New Jersey and […]