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Tag Archives: money

How to Make Money with Short-term Rentals

Making extra cash can seem complicated, especially if you’re employed. However, it doesn’t have to be. Financial experts encourage you to invest even when you aren’t making a lot of money. Although the idea of investing might be intimidating, you don’t need much to make your first investment. Considering whether …

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NerdWallet: Are you worrying too much about running out of money in retirement?

This article is reprinted by permission from NerdWallet.  Many U.S. households retire without enough money to maintain their pre-retirement standard of living. Once retired, though, people often reduce their spending enough to make their money last, according to a recent study by David Blanchett, head of retirement research at Morningstar, …

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Outside the Box: Here’s how you can save money on capital-gains taxes when you sell your home

You no longer must buy another home in order to claim the capital-gains exemption. An earlier version of this article incorrectly said you had to. Dear Ms. MoneyPeace: My first wife died in 2013 and I remarried in 2014. My will gives my wife my house. I have owned four …

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The Moneyist: My late partner of 7 years fought with his estranged wife and transferred $250K into a trust for me. Can she contest that money?

Dear Quentin, I was with my significant other for almost 7 years. While he was separated from his wife, they never divorced. It was due to financial reasons. Because of his difficult relationship with his wife I was made his health-care surrogate. Last September, he underwent cancer surgery, and realized …

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The Moneyist: ‘We did not place blame or offer advice’: Are we flaunting our wealth if we give our friends and family money?

Dear Quentin, How can one best give sizable cash gifts to family and friends without being seen as “flaunting wealth”? We have some family and friends who are struggling to make ends meet, particularly as a result of the pandemic. Having means, we chose to help them financially and sent …

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The Moneyist: I married ‘the life of the party’ — but he’s different at home. He takes his money woes out on me and calls me a ‘gold digger’

Dear Quentin, I don’t know where to start. So I will start at the beginning. I met a man at a friend’s wedding a few years ago. He was charming in that British-man-in-America sort of way (Hugh Grant has a lot to answer for), he told jokes (perhaps too many …

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The Big Number: Today’s Big Number reveals where all the money went last year

The Big Number: U.S. households parked a record $ 2.67 trillion in the bank and in money-market funds during 2020, according to the financial accounts of the U.S., released on Thursday by the Federal Reserve. What happened: The COVID-19 pandemic hit the economy hard, but the pain wasn’t felt by …

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The Moneyist: My wife spent $50K on cosmetic procedures. It horrifies me to see so much money being blown on something so frivolous’

Dear Quentin, Over the past three years, my wife has spent over $ 50,000 on cosmetic procedures. She never used to be a vain person. It started with a face lift after she turned 40, and now she can’t stop blowing money on everything from Botox and lip fillers to …

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Robert Powell: Running out of money is the No. 1 retirement fear — annuities could help

Annuities are neither good nor bad. But you wouldn’t know that given how most people, including financial planners, react when the product is discussed as a potential part of a retirement plan. Such products, critics say, are nothing but a way for salespersons, some of whom have engaged in unethical …

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