Tag: Accounting

Why buying a condo for your college kid could be a smart financial move

Prices are booming in many residential real estate markets, including college towns. Is it too late to take advantage? Maybe not. The idea of buying...

My girlfriend makes twice what I earn. I reluctantly paid the $200 dinner check for her first promotion. She just got another one. Should I pay again?

A couple of years ago, my girlfriend received a promotion to a management position. We both agreed that we should go out and celebrate her...

I successfully renovated a condo building. My new husband offered to manage my next project — and it all went horribly wrong

I come from a very poor background. I have been homeless a few times. Through hard work and sheer sacrifice I was not only able...

My aunt and uncle had no children. My cousin, the executor, changed their will to inherit a $400K estate. Should we pursue this?

My aunt passed away last month at the age of 92. One of her nieces and her husband took it upon themselves to become her...

Are your retirement savings on track? These benchmarks can help determine where you stand.

As you save for retirement, it’s beneficial to know how much to save and whether you’re on the right track. Everyone’s situation is different, of course, but there...

My daughter no longer speaks to me or my husband, and mocked our family values. Do we cut her out of her $2 million inheritance?

My husband and I have three adult children whom we love very much, and wish for them to have healthy, productive, ethical and loving lives.  ...

My sister co-signed our nephew’s student loans for $35,000. When he defaulted, she paid them off. Should his parents repay her?

Dear Quentin, I am the executor of my mom’s estate. I have three siblings. My mom is going to equally divide her assets among the...

I will not leave my house to my boyfriend in my will. I don’t want his daughters, who hate me, to profit

Dear Quentin, I have been living with my boyfriend for five years. When I met him he was separated from his wife and they later...

I lost everything, but started over and bought a home. My boyfriend wants to pay off my mortgage and split the proceeds

I’m 43 and finally made it out of my own financial hell. In my early 20s, I dated a man for over a decade who...

This lucrative tax credit pays business owners who hire eligible veterans, teens and other workers

It’s not easy to hire workers these days. But if your business hires a member of a certain group, you can claim the potentially lucrative...

I earn $35K, have $20K in credit-card debt, and $200K in stock. I dream of turning my studio into a rental unit and building a pool

Dear Quentin, I read your column on a regular basis and feel almost out of league to be writing. Unlike most of your writers, I...

What does a mature streaming service look like? Netflix is about to show us

Netflix Inc. proved to the world that streaming video could be a big business. Now it will show the world what that business looks like...

How to get good help with claiming Social Security—when and how you claim can be the difference between a decent retirement and a terrible one

Choosing what age to start collecting Social Security retirement benefits and which type of benefit to claim shouldn’t be difficult. But boy, is it! “There...

Want to invest in U.S. pot stocks? Here’s what you need to know

Traditional vice sectors like tobacco and alcohol are investing heavily in the emerging legal cannabis industry, but commercial cannabis companies can’t quite act like they’re...

My husband and I bought our late neighbor’s foreclosed home. My stepdaughter moved in — then the problems began

My husband and I bought our neighbor’s home that went into foreclosure after he died. I agreed to purchase the home with my husband if...

I cover most of my parent’s expenses — what tax breaks am I eligible for?

Do you pay over half the cost of supporting a parent? If so, your parent is your dependent for federal income tax purposes. As such,...

My father-in-law returned our truck with a $1,500 fender bender. My in-laws were flippant and declined to pay. Should we push it?

Dear Quentin, My husband decided to buy a new truck at 0% interest in 2019. At the time our son was 13 years old; he...

My husband wants to buy his sister out of their late mother’s $150,000 dilapidated home — and let her to stay there rent-free

My mother-in-law recently passed away. She left her estate to her two children, my husband and his sister. She had a lot of outstanding debt...

My husband has $75K on his credit card and plans to spend $8K on sporting events. What can I do? Am I on the hook if he dies?

Dear Quentin, What steps can I take to protect myself from my husband’s financial decisions? We are both 47 and have a good income (together...

8 inflation tips for your savings, investments and retirement planning

As we’ve all noticed, inflation has been on the rise lately — the Consumer Price Index rose from 1.6% at the end of the first...

What to do when your digital assets take a dive

This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies....

Student-loan giant that manages Public Service Loan Forgiveness will stop servicing federal loans

The controversial organization that for years has been public servants’ main point of contact in accessing student-loan forgiveness will no longer be servicing federal student...

The pandemic is inspiring Kickstarter and Unilever to test four-day workweeks — but will it hurt productivity?

An office is no longer synonymous with conference rooms and cubicles. For many, it’s become synonymous with being at home with pets, family members or...

I earn $54K. My wife earns $28K. I pay most of our bills, but she’s upset that she pays our $3K annual taxes

Dear Quentin, My wife and I have been married for six and a half years. I bring home about $54,000 per year after taxes as...

This U.S. city has the highest share of superrich residents in the world — and it’s not New York, Seattle or San Francisco

If you’re hoping to mingle with multimillionaires this summer, you can skip the Hamptons and Lake Como. Where you’re most likely to bump into an...