Dear Liz: My credit score fluctuates between 799 and 815. It used to be 850. I always pay my bills in full and on time, and keep the credit utilization low. The only comment I can find about why my credit score isn’t higher is that I lack a loan. I don’t owe any money and […]
Recent Blog Posts
Q&A: Survivor Social Security benefit
Dear Liz: When you discuss a survivor receiving 50% of their spouse’s Social Security benefit, are you basing the 50% on gross or net income? Answer: The survivor benefit is up to 100% of what the deceased spouse or ex-spouse was receiving from Social Security, before taxes. If the spouse or ex starts Social Security early, that […]
Q&A: Surviving spouse’s home gains
Dear Liz: If a surviving spouse is selling the couple’s longtime home, are there any special provisions on the long-term capital gains? Answer: When one spouse dies, their half of the home gets a new value for tax purposes. The value is “stepped up” to the current market value, so that the appreciation that happened on that half of […]
How to create your retirement glide path
In investing terms, a “glide path ” describes how a mix of investments changes over time. Typically, the mix gets more conservative — with fewer stocks and more bonds, for example — as the investor approaches a goal such as retirement. You also can create a glide path into retirement by making gradual changes in […]
This week’s money news
This week’s top story: Smart Money podcast on data breaches, and catching up on retirement savings. In other news: How airline elite status saved the day when airline delays and cancellations strike, which airline elite status should you go for in 2023, and how pay transparency may affect your job search or next raise. Smart Money […]
Q&A: A gift for the great-grandkids? Consider a 529 college savings plan
Dear Liz: Recently my granddaughter gave birth to twins. I’d like to put $500 into a trust for each of them to mature when they are 18. I’m hesitant to set up an education fund in case they decide not to go on to college. I would like something that includes growth and safety, the least […]