Real people, real problems, real talk. Katie Morley, The Telegraph's Consumer Champion, has won back £10 million in compensation for readers. Now, she's hitting the road for a brand new podcast, Money Confidential, to hear directly from you. Would you let your grown-up child move back home and not pay rent? Is it fair for your richer siblings to go skiing and leave you behind? Are private schools really worth it? This is the place where we discuss everyday money problems affecting your life ...
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Money Confidential, a new podcast from Real Simple, explores the many aspects of money: making it, saving it, investing it, giving it, spending it and—sometimes, hardest of all—talking about it. Each week, Stefanie O’Connell Rodriguez, a nationally recognized money expert, delves into your (confidential) money problems and delivers smart, practical, and completely doable solutions that will help you work toward your ultimate financial goals. She cuts through the confusion of investing beyond ...
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Money Mailbag: Your reactions to this series!
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It’s a curtain call for Katie this week as we reach the series finale. From inheritance disputes to imposter syndrome and even asking mum for a cheeky 70k, we’ve covered all sorts. And it’s generated a lot of interest, with tonnes of emails and comments from Telegraph readers. So today, we’re going to do our best to work through your thoughts and o…
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'All our children's' partners are awful - how can we stop them from inheriting our £2m estate?'
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When the time comes for our children to grow up and settle down with someone, we can only hope and pray that they choose that person wisely. One couple who know this only too well are Malcolm* and his wife, Penelope, who did all they could to raise their three children to have good judgement. Yet have been horrified by every one of the long-term pa…
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"My parents have halved my inheritance and doubled my brother's - what do I do?!"
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Since her younger brother was born when she was six years old, Melanie* has always felt he was treated differently by their parents. Whereas she was shipped off to boarding school at the earliest possible opportunity, only coming home to visit twice a year, he attended a local school and lived at home until the age of 24. Recently, Melanie and her …
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'My close friend's wedding will cost me £1k - how do I say I can't go?'
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There are few more joyous occasions than the weddings of our nearest and dearest, but for one anonymous Telegraph reader, a friends' upcoming nuptials are giving her sleepless nights. A close friend of 25 years has chosen to be a bride in Mauritius, and she's given our reader, who we'll call Ellie, the honour of being a bridesmaid. Though delighted…
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'I'm far richer than my friends - who should pay when we go out?'
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The wine is delicious, the food is perfectly cooked, the conversation is relaxed and flowing. Yet there is one thing, especially for us Brits, that can really turn the sweetness of a perfect evening with friends bitter: the awkward matter of who pays for what. On this week's episode of Money Confidential, Katie hears from two listeners at opposite …
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'My business makes almost £1m a year. Why do I feel so inadequate?'
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Despite owning his own advertising agency which is on the verge of turning over £1m a year, 40-year-old Atem admits he is crippled with feelings of inadequacy. It would be easy to assume that such an affluent, successful and confident character would feel contented, but sitting in an underground nightclub within a private members club (a client of …
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"I've saved £200k but I'm too scared of dying to make a will - help!"
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After her father walked out when she was six, the stable childhood Catherine had always known was ripped away. Her childhood set her up to be fiercely self-reliant and her attitude to money was also forged in those early years. She rarely spends money on herself and as a result she's saved a total of £200,000. Her wealth feels like a burden and it'…
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"I've given my son £70k for a mysterious business venture - how do I start saying no?"
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Susan*, a 76-year-old widow, has plundered her pension over the past 18 months to fund her son's start-up business in the Philippines. But she hasn't seen a penny back and has decided that enough is enough. But how can Susan resist her son's intense requests for more money? Katie brings in a psychotherapist, Dr Aaron Balick, to help. *Name has been…
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Listen to the brand new series from Wednesday 2nd October. ✍️ Need your awkward money problem solved? Email Katie on moneyconfidential@telegraph.co.uk or leave a voicenote on Whatsapp - 07892 793324. You can also fill in the form here: https://telegraph.co.uk/moneyconfidential. It can be 100% confidential! 💰 Discover more of our leading Money journ…
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"My in-laws are sponging off me - how do I stop them?"
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John's* brother-in-law moved in for a couple of months. He didn't move out for 5 years... On today's episode - how much do we owe our in-laws? Following an anonymous letters from someone who's worried at the level of financial support their partner is giving to their mother mother-in-law, Katie Morley hits the road to speak to 'John' to see what ca…
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"I earn £1 million a year – but I feel guilty and lonely"
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Imagine earning millions but feeling too ashamed to tell anyone about it? That's the problem facing Jack*, who following a decade of debt is now making 100k a month. Jack can’t help feeling terribly guilty when he sees friends slogging it out in more noble careers and earning significantly less. Without knowing it, Jack is suffering from "sudden we…
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"Am I wrong to take my kids out of school for a cheaper holiday?"
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Is taking children out of school during term time financially savvy or just selfish parenting? In today's episode, Katie chats to "Louise" who is one of 350,000 parents taking their children out of school during term time every year in order to nab a cheaper holiday. With travel companies dialling up the prices of flights, accommodation and more du…
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"Is private school worth the financial sacrifice?"
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How far would you go to afford private school for your children... and is it even worth it? In this episode, Katie hears from "Lucy" who is stuck on whether to send her children to private school. To find answers, Katie hits the road and speaks to Phil in Bolton, who sold his house, ISAs and moved the whole family 200 miles north in order to pay fo…
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"I'm so jealous of my richer siblings who don't invite me skiing"
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In this episode, Katie chats to “Poppy” who is struggling with the wealth gap between herself and her siblings. However, Katie also discovers a dysfunctional penchant for posh purses is wreaking havoc with Poppy's finances. Over a delicious slice of lemon cake, she makes a rather sour confession: she's bitterly jealous of her richer siblings, who a…
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"I'm fed up with my adult child living at home - I'm moving out".
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Would you let your adult child move back home and not pay rent? As the housing market becomes more unaffordable, many adults are not only relying on the bank of mum and dad, but the house of mum and dad, with reports suggesting there’s up to 5 million of them in Britain. For some this set up will be hunky dory, but for others it can lead to toe-cur…
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Introducing: Money Confidential with Katie Morley
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Real people, real problems, real talk. Katie Morley, The Telegraph's Consumer Champion, has won back £10 million in compensation for readers. Now, she's hitting the road for a brand new podcast, Money Confidential, to hear directly from you. Would you let your grown-up child move back home and not pay rent? Is it fair for your richer siblings to go…
…
continue reading
1
Encore: The #1 Thing You Should Ask Yourself Before You Buy a Home
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This week we meet a 38-year-old father based in Queens, New York, who has spent tens of thousands of dollars on home repairs and renovations over the past two years. Frustrated by all the time and money he’s spent on a place that isn’t his family’s forever home, our listener asks: Should we sell and move elsewhere, even though we’ve only lived in o…
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Encore: How Can I Afford to Buy a House as a Single Person?
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Buying your first home is already a major money milestone—but having to do it on your own in an uncertain housing market can make it feel even more overwhelming. In this episode, host Stefanie O’Connell Rodriguez interviews real estate expert and mortgage lender Nicole Rueth about how to navigate the home-buying process as a single person - includi…
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Encore: How to Buy a House – Without Regretting It
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This week we’re revisiting conversations we’ve had with four past expert guests about the most common things people overlook when purchasing a home, as well as all the hidden costs of homeownership – to help you prepare for one of the biggest financial decisions you’ll ever make - buying a home. For more info visit realsimple.com/moneyconfidentialp…
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Encore: I Want to Buy a Home. Will Home Prices Ever Return to Normal?
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Real estate prices are extremely high, and now mortgage rates are also rising. Has first-time homeownership ever felt more out of reach? On this week’s episode, host Stefanie O’Connell Rodriguez talks to Dr. Daryl Fairweather, chief economist at real estate brokerage Redfin, about what today’s housing market means for prospective buyers, plus wheth…
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Encore: Is Now a Good Time to Buy a New Home?
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Is it possible to take on major financial responsibilities such as buying a new home while you’re still paying down debt? Is now even a good time to buy a home? This week’s guest, a 39-year-old aspiring homeowner living in Iowa City, Iowa, is struggling with whether t homeownership is right for her because of these questions and more. For advice, h…
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Encore: The Stock Market Keeps Dropping. Should I Change How I’m Investing?
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Is now really a good time to be investing? With prices going up and the stock market falling, how should you adjust your financial plans and investing strategy? Stefanie sits down with Katie Gatti Tassin, host of the Money with Katie podcast, to find out. For more info visit realsimple.com/moneyconfidentialpodcast Money Confidential is produced by:…
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Encore: I Have an Emergency Fund and Save for Retirement. What Should I Do Next?
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Once you’ve paid off your debt, established an emergency fund, and started investing for retirement, you’ve got your financial fundamentals in place - but is it enough to afford the future you want for yourself? And if not, what should you do next? This week, Stefanie interviews Certified Financial Planner Douglas Boneparth about how to prioritize …
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Encore: I Make $40,000 a Year and I Feel Stuck in My Career. What Should I Do Next?
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It’s frustrating when you’re not getting what you want out of your career, whether it’s money, meaning, or in the case of this week's listener, both. So what do you do next? Give up the security of a steady paycheck to pursue your passions? Or stick it out and hope that someday you’ll make more money -- and if that’s a possibility, what can you do …
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It’s Expensive Being Single! How Can I Manage the Rising Costs?
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The wealth gap between young married couples and their single counterparts has more than doubled since 2010. It’s expensive being single, and inflation is making it even harder to manage rising costs on a single income. This week, Stefanie interviews writer Anne Helen Petersen about the rising costs of being single in America. For more info visit r…
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I Want to Retire in Five Years, but I Have $150,000 in Debt
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More than half of American workers say they’re behind on their retirement savings, and 46% expect to retire with debt. Stefanie interviews Joe Saul-Sehy, personal finance expert and author, about how we can prepare our finances and our lifestyles for this retirement reality. For more info visit realsimple.com/moneyconfidentialpodcast Money Confiden…
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How Can I Build Wealth as a First-Generation American?
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In this episode, Stefanie talks to a listener who is the first in her family to live, work and build her wealth in the United States, and the impact that has on her relationship with both her money and her family. Personal finance author Berna Anat weighs in with how to manage the unique financial considerations for immigrants, first- and second-ge…
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Can I Use Inflation to Negotiate a Bigger Raise?
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As prices rise on everything from food to housing, your paycheck may not be going as far as it used to. So how can you or should you bring up inflation in your next salary negotiation? Stefanie turns to career coach and co-host of The Brown Ambition podcast Mandi Woodruff-Santos for answers. For more info visit realsimple.com/moneyconfidentialpodca…
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The Stock Market Keeps Dropping. Should I Change How I’m Investing?
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Is now really a good time to be investing? With prices going up and the stock market falling, how should you adjust your financial plans and investing strategy? Stefanie sits down with Katie Gatti Tassin, host of the Money with Katie podcast, to find out. For more info visit realsimple.com/moneyconfidentialpodcast Money Confidential is produced by:…
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How Much Does it Cost to Have a Baby?
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What’s the real cost of having a baby? And how can you prepare for it? Host Stefanie O’Connell Rodriguez interviews Reshma Saujani, founder and CEO of Girls Who Code and Marshall Plan for Moms, about the impact of parenthood on your personal finances, and what we can do to prepare our money and our careers for one of life’s most expensive milestone…
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Encore: I Just Got Divorced. How Do I Rebuild My Finances?
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Alicia, a 49-year-old school psychologist and mother of two children, is juggling multiple money goals following her recent divorce: furnishing her new home, paying off debt, helping her college-aged kids pay their tuition, and building up her savings. Host Stefanie O’Connell Rodriguez and attorney and wealth expert Tasha Cochran lay out a step-by-…
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I’m Getting Married; Should I Combine Finances With My Fiancé?
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It’s one thing to split expenses, but when you get married, what should you combine? What should you keep separate? And beyond the budget, what do your joint financial plans need to include? This week, host Stefanie O’Connell Rodriguez gets answers from Erin Lowry, author of the Broke Millennial series, including Broke Millennial Talks Money: Scrip…
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I Have an Emergency Fund and Save for Retirement. What Should I Do Next?
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Once you’ve paid off your debt, established an emergency fund, and started investing for retirement, you’ve got your financial fundamentals in place - but is it enough to afford the future you want for yourself? And if not, what should you do next? This week, Stefanie interviews Certified Financial Planner Douglas Boneparth about how to prioritize …
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1
How Can I Afford to Buy a House as a Single Person?
29:34
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Buying your first home is already a major money milestone—but having to do it on your own in an uncertain housing market can make it feel even more overwhelming. In this episode, host Stefanie O’Connell Rodriguez interviews real estate expert and mortgage lender Nicole Rueth about how to navigate the home-buying process as a single person - includi…
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continue reading
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Encore: I Want a Prenup. How Do I Ask for One Without Offending My Partner?
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When Julia’s marriage ended she did not expect to lose half of her savings. Now that she’s thinking about getting remarried, Julia wants to protect herself financially and is considering asking her partner for a prenuptial agreement. Host Stefanie O’Connell Rodriguez sits down with Beatrice Leong, a divorce and family law attorney, to discuss what …
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We Have Nearly $500,000 in Student Loan Debt; Will We Ever Get Ahead?
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Student loan debt can make you feel like you’re never going to get ahead, especially when your total student loan balance is hundreds of thousands of dollars - as it is for this weeks' listener. In this episode host, Stefanie O'Connell Rodriguez, interviews Melissa Jean-Baptiste, the founder of Millennial in Debt, about her journey of paying off $1…
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How Do I Pay for IVF, and How Much Is Too Much to Spend?
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Fertility treatments like IVF and IUI are expensive, and for most Americans, not covered by insurance. Not to mention, there are no guarantees, making it difficult to know how much these treatments will ultimately cost. This week on Money Confidential, we talk about how to pay for the fertility treatments you need and navigating a financial plan in…
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I Want to Buy a Home. Will Home Prices Ever Return to Normal?
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Real estate prices are insanely high, and now mortgage rates are also rising. Has first-time homeownership ever felt more out of reach? On this week’s episode, host Stefanie O’Connell Rodriguez talks to Dr. Daryl Fairweather, chief economist at real estate brokerage Redfin, about what today’s housing market means for prospective buyers, plus whethe…
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Encore: How Do I Balance Supporting My Children With Saving for My Future?
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This week we are going to hear from three past expert guests who know what it’s like to balance the needs of their children (like paying for college) with their own, sometimes competing, financial needs (like saving for retirement). Learn how these experts find balance while also educating their children about spending and saving money early on. Fo…
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How Can I Travel Without Feeling Guilty About How Much It Costs?
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Episode Summary: You want to travel, but you’re not sure if you can afford to - at least not without guilt or fear of jeopardizing your other financial goals. In this episode, host Stefanie O’Connell Rodriguez speaks with founder of Pennywise Traveler, Angel Trinh, about practical ways to save on travel. And how to build your travel spending into y…
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I Make $40,000 a Year and I Feel Stuck in My Career. What Should I Do Next?
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It’s frustrating when you’re not getting what you want out of your career, whether it’s money, meaning, or in the case of this week's listener, both. So what do you do next? Give up the security of a steady paycheck to pursue your passions? Or stick it out and hope that someday you’ll make more money -- and if that’s a possibility, what can you do …
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Money Confidential from Real Simple is back with your real money stories, struggles, and secrets. When it comes to finances, we know it’s not just about the money, it’s about what the money means for you. Each week, host Stefanie O’Connell Rodriguez talks to a listener about their money problems, and gets real answers from financial experts. Becau…
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Encore: I Make a Lot of Money, but I Can’t Stop Living Paycheck to Paycheck
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More than half of Americans say they are living paycheck to paycheck -- including this weeks’ listener, a 39-year-old college professor who, despite having a high income, is struggling to stick to a budget. For help, Stefanie interviews Alison Baggerly, the founder of Inspired Budget, about the practical financial and emotional strategies our liste…
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Encore: How Do I Create a Budget I Can Actually Stick To?
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Budgeting isn’t a fun concept--it fact, for many of us, it’s incredibly off-putting. We tend to associate budgeting with denying ourselves of everything we enjoy. This week, however, you’ll hear from three previous guests who offer a fresh perspective on budgeting as a way to afford what you really want, without feeling deprived at all. Tune in, an…
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How Do My Investments Impact the Way I File My Taxes?
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Investing is an excellent way to grow your own personal wealth. But when it comes to filing your taxes when you have investments, there are certain things you need to know–so you don’t end up with penalties like this week’s listener, Lorraine, did back in 2019. For advice, host Stefanie O’Connell Rodriguez turns to Kristin Myers, editor-in-chief of…
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How Does Divorce, Retirement, or Moving Affect My Taxes?
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In this week’s episode, we meet Daria, a Brooklyn-based listener who’s currently finalizing her divorce from her husband. Like every other major life event, divorce changes the way in which you should file your taxes. For advice on how to get your taxes right after a divorce, host Stefanie O’Connell Rodriguez turns to Kristin Myers, editor-in-chief…
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How Does Marriage, Owning a Home, or Parenthood Impact My Taxes?
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Milestone moments such as getting married, buying a home, or having children can change the way you file your taxes as much as they can change your life. But it’s important to know all the implications of making a change so you don’t run into trouble like this week’s listener did. Gretchen thought she was making all the right decisions by filing se…
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Should I Do My Own Taxes, or Hire a Professional?
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Tax laws change constantly, and your taxes only become more complicated the older you get. In fact, many times, people just don’t realize what they don’t know. This week’s listener, for example, settled a debt–without understanding the tax implications–and lost most of her tax refund as a result. So when should you do your own taxes, and when shoul…
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How Do I Avoid Penalties and Maximize My Tax Refund?
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For many people, taxes are intimidating. After all, slip-ups can have serious consequences. Take this week’s guest, a 40-year-old public service worker based in Washington, DC, who wound up with a massive bill from the IRS after adjusting her tax withholding to pay down debt quicker and not filing taxes for two years. To help you avoid tax mistakes…
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I Know Nothing About Taxes. Where Do I Start?
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Everyone pays taxes, yet it’s a complicated process that many of us don’t fully understand. As one Utah-based listener learned the hard way, one simple oversight is all it takes to get a big bill from the IRS, instead of your anticipated refund. In this episode, host Stefanie O’Connell Rodriguez tackles all the essentials with Caleb Silver, editor-…
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