We cover the basics and more about personal finance, answering frequently asked questions about credit and debt, identity theft, saving for college, retirement, estate planning, insurance, taxes, job hunting, and raising money-savvy kids. Check out the articles, columns, blog posts, radio shows and videos for tons of personal finance advice.
How to Avoid Paying Capital Gains Tax on Inherited Property
How to avoid paying capital gains tax on inherited property. Minimize the potential tax consequences of transferring property from parent to child. Q: I have a question about a recent answer you gave to a reader. The question relates to a daughter that acquired her share of the home from her mom while her mom [...]
Credit 101: What’s in Your Credit Report?
Post pandemic, credit continues to be a buzzword for consumers, but many people are unsure what part credit plays in their personal finances. In a new series, Credit 101, Ilyce Glink, an award-winning personal finance columnist and CEO of the financial wellness platform Best Money Moves, details important information you need to know about your [...]
5 Best States to Retire in 2020
5 best states to retire in 2020. After weighing nearly 50 factors in each state, WalletHub determined this is best state to retire in 2020. At the end of your career, there are two big questions you need to answer: When should you retire, and where should you spend your retirement years? These are both [...]
3 Tips for Financial Success in 2020
3 tips for financial success in 2020. Make improving your financial wellness and preparing for an economic downturn a top priority this year, here's why. How Are Your Personal Finances Doing? How Much Have They Changed Over the Past 10 Years? Overall, average income hasn’t increased much over the past ten years, while home values [...]
How to Leave Property to a Child
How to leave property to a child. This reader wants her daughter to inherit her home, but doesn’t want her to have to go through probate. Q: I am a 77-year old widowed woman. I have a house with a mortgage that I purchased a little over a year ago. At the closing, I asked [...]
Who Is Responsible for Condo Repairs?
Who is responsible for condo repairs? This reader wants to know why they have to pay for painting their unit after damage from association work. Q: Last year my condo association had a company replace the roof in many of our buildings. I live on the top floor of my building. When the new roof [...]
Five Common Holiday Scams to Avoid in 2019
Five common holiday scams to avoid in 2019. Don’t be fooled by these popular holiday scams threatening to steal your information and then your identity. Anyone can be a victim of a scam. Just ask the 35,000 people who lost $10 million to an ongoing phone scam where scammers pretend to be from the Social [...]
3 Holiday Spending Stress Relief Tips for Gift Giving in 2019
3 holiday spending stress relief tips for gift giving in 2019. It is possible to show appreciation for your loved ones without overspending this holiday season. My favorite part about the holidays is gathering with the people I love most to celebrate the end of another year. Exchanging gifts and visiting with family is a [...]
Home Buying, Selling and Getting a Mortgage in Retirement
Home buying, selling and getting a mortgage in retirement. This reader wants to know how to time selling their home and getting financing for a new one. Q: I am single and have an 800+ credit score. I plan to retire in the next year or so and move to a small town in the [...]
Retirement Housing Costs and the Effects of Inequality
Retirement housing costs and the effects of inequality. Research from JCHS spotlights the financial challenges seniors face finding affordable housing. America’s aging population is facing considerable financial challenges when it comes to housing inequality. Research from the Harvard Joint Center for Housing Studies (JCHS) underscores the severity of these challenges. The number of older adults [...]