April 1, 2021

save

Opinion: 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 houses in four states starting in 1964. Each appreciated in value. I have not paid any capital gains tax as yet. When my wife sells after my death, how will her cost basis be determined?

My will and my house are in San Diego.

Thank you
Capital-gains-less so far

Dear

Read More

How To Save Money And Spend Less, According To ‘The Budgetnista’ Tiffany Aliche : NPR

Photo Illustration by Becky Harlan/NPR

Three 20 dollar bills folded into hearts are arranged in an upward trending diagonal line on a sparkly green background, reflections of the money are cast to the lower right side of the frame.

Photo Illustration by Becky Harlan/NPR

It doesn’t take an expert to know that money is so much more than dollars and cents. Our relationship with money is emotional. Hopes and fears, guilt and shame — they can all play a significant role in your financial life.

And those feelings can be tied to lots of things: our upbringing, our environment, plus, y’ know, all the money messaging in the world and the media.

But honing those feelings and creating your own strong, secure financial voice? That takes some expertise.

Tiffany Aliche, better known as The

Read More

Fire destroyed 100-year-old N.J. business. Competitor stepped up to save it from going under.

Last year was already a rough year for an awards shop owner based in Hunterdon County.

Then, in early November, his home and business of 100 years went up in smoke.

“The bottom line is the entire shop was scorched, and the engraving machines were melted,” John Bradshaw, owner of Bradshaw Awards in Stockton, said. “And the smoke damage — because we had all these acrylic awards and things like that that went up in smoke — created this really dense smoke that just destroyed the rest of the building.”

The fire, which began with an electrical problem, broke out

Read More

Save Money at the Store

How do you spend the right amount on food?

According to an online survey of more than 1,000 people by LendingTree and Qualtrics published in October, weekly household grocery bills in the United States were up 17 percent on average last year compared with before the pandemic. Thirty-one percent of the respondents said that they “almost always overspend” at the grocery store.

Regardless of how large or small your food budget, staying within it can bring peace of mind and keep your overall spending on track. Whether you want to establish a food budget for the first time, or you

Read More

‘Recasting’ is another way, besides refinancing, to save money on your mortgage

“Recasting is far different from a refinance,” says Matt Weaver, vice president of Cross Country Mortgage in Boca Raton, Fla. “There’s typically little to no cost to recast your loan. Your interest rate doesn’t change, and your note due date doesn’t change. If your loan is a 30-year fixed-rate loan, it’s still a 30-year fixed-rate loan. The only things that change are your balance and your monthly payment.”

For example, if you have a $400,000 loan balance and pay $75,000 to reduce the principal, you’re recasting your loan to one with a $325,000 balance. The monthly payments with a 3.0

Read More

Alaska considers sinking laid-up ferry to save money for ailing Marine Highway

JUNEAU — The Alaska Marine Highway System is in such bad shape that the deliberate sinking of one of its ships could be an improvement.

In a series of hearings this week, members of the Alaska Legislature have been considering the ailing ferry system, which has seen its budget slashed from $175 million in 2014 to just over $103 million in the latest budget draft proposed by Gov. Mike Dunleavy’s administration.

Officials with the Alaska Department of Transportation and Public Facilities are considering whether to scuttle the ferry Malaspina, one of the oldest of the state’s eight ferries, as an

Read More