Coronavirus Stimulus Checks 2020: Will It Be Enough?
Coronavirus stimulus checks 2020: will it be enough? How to check your eligibility and how Americans plan to spend their stimulus checks from the CARES Act. The first round of Economic Impact Payments, the coronavirus relief stimulus checks included in the CARES Act, were deposited last week. That’s good news if you got yours and [...]
Is It Smart to Prepay Your Mortgage?
Is it smart to prepay your mortgage? These are the three different approaches to paying your mortgage that work for homeowners and investors. Q: I'm 83, have no mortgage, pay my credit cards in full each month and have no car payment. When I first started out in 1961, I bought a 52 chevy for [...]
Coronavirus Relief: CARES Act 2020
Coronavirus relief: CARES Act 2020. How the $2 trillion coronavirus relief bill will help both families and businesses during the COVID-19 pandemic. The number of Coronavirus/COVID-19 cases in the U.S. continues to spike as more tests become available and states improve reporting procedures. In our coverage of the Coronavirus, we’ve watched the cases skyrocket from [...]
4 Ways to Prepare for a Recession
4 ways to prepare for a recession. The Coronavirus (COVID-19) pandemic points to signs of a global recession and now is the best time to prepare your finances. The Coronavirus (COVID-19) pandemic has caused financial stress to go through the roof, with all signs pointing to the start of a deep, prolonged global recession. The [...]
Which Debt to Pay First When Improving Personal Finances
Which debt to pay first when improving personal finances. Which debts to pay down first to improve your credit score and start building your savings. Q: I am "getting back on my feet" financially and would like to know how I should continue to improve my personal finances. Is it better to prepay my mortgage, [...]
What Happens When You Sell a Property in a Trust?
What happens when you sell a property in a trust? This reader wants to know about the $250,000 gain exclusion and other tax implications. Q: My wife passed away this past year and our home is titled in her trust with me as trustee and my children as beneficiaries upon my passing. Is my cost [...]