Money Girl's Quick And Dirty Tips For A Richer Life

1016. Are you concerned about affording the future cost of long-term care (LTC), especially with inflation and rising healthcare costs? Laura answers a listener’s question about buying LTC insurance or investing for retirement. You’ll learn how different LTC products and services work and their pros and cons for those with different budgets and goals.Key takeaways: Traditional long-term care insurance is best for people in relatively good health with sufficient assets and retirement savings to protect, but you don’t get payments back if you never need covered care.Various hybrid products, such as life insurance and annuities, can include LTC benefits and accrue value you can pass to your heirs, but at a higher cost than traditional LTC insurance.Using personal savings or home equity may be an option to pay for LTC if you have a high net worth and are comfortable self-insuring.Medicaid is the largest single payer of nursing home care in the U.S. for those with low assets, such as a net worth below $2

1015.Are you guilty of leaving "orphan" retirement accounts behind at old jobs? In 2026, failing to manage these funds leads to fiscal drag and unnecessary fees. In this episode, Laura shares essential money management tips to help you rescue your old 401(k) or 403(b) and stop leaving money on the table.We cover the 2026 technical shifts you need to know, including the SECURE 2.0 Act "force-out" rules and how to practice financial gymnastics to keep your investments growing tax-free. Whether you’re moving to a new employer or joining the creator economy with a side hustle, you’ll learn the four best options for your old accounts—and the $30,000 mistake you must avoid.Upcoming Wedding Series Coming Up: We want your questions about wedding finances! Whether you're the bride, groom, or a guest, send us your questions about budgeting for the big day. Email: [email protected] or leave a voicemail: (302) 364-0308.Money Girl is a Quick and Dirty Tips Podcast hosted by Laura Adams.Discover more from Money G

1014.Feeling uneasy about a potential recession or job loss? In this episode of the Money Girl personal finance podcast, Laura explains how to navigate economic uncertainty using mindful spending. Learn why technical literacy and a rebalanced portfolio are your best defenses against a shaky market.Laura answers a critical listener question: Should you prioritize paying down high-interest debt or building a larger emergency fund?Key takeaways for financial securityStrengthen your income: Why a side hustle is the ultimate hedge against unemployment.Strategic spending: Why delaying real estate or car purchases helps you wait for the 2026 "buying window."Emergency savings: The rule for keeping cash safe and liquid in a high-yield account.Debt management: How to prioritize liabilities to reduce financial pressure.Wealth building: Why market volatility is the best time for investing through dollar-cost averaging.Stay empowered & secure by recession-proofing your finances today.Upcoming Wedding Series Coming Up:

1013. Laura interviews personal finance powerhouse Farnoosh Torabi to celebrate the upcoming Financial Independence Awareness Day. Farnoosh shares her journey from a cash-strapped journalist to a leading financial educator, offering a candid look at how she turned her "extra" ideas into a multi-book career and the top-rated So Money podcast.Key Takeaways:Financial independence is how you define it, such as having savings and security to be selective about how you spend your time.Look for ways to “recycle” efforts into multiple revenue streams or valuable portfolio pieces.How a great mentor can help you see your own potential.Why we shouldn’t discount fear and can use it to make better financial decisions.Acknowledging that doing work and teaching others how to do it can be a secret to more professional autonomy and success.Memorable quote: "Money's like a hammer—it's a tool. You can use it to fix things, or you can use it to wreck things."Upcoming Wedding Series Coming Up: We want your questions about wedding

1012. Feeling financially squeezed by the rising cost of homeowners insurance? Laura answers a listener’s question about how to pay less while maintaining coverage required by a lender. Find out how to protect your finances with home insurance without overpaying for it.We talk about:Underlying reasons why homeowners premiums are rising, especially in high-risk areas.Tips for saving by increasing home insurance deductibles.Comparing the price of bundled coverage to policies with different carriers. How various home upgrades and technologies can qualify for money-saving discounts.The role that having good credit plays in reducing your home and auto insurance rates (in most states).Why proactively shopping and asking about potential homeowners insurance discounts is essential for cutting the cost.Upcoming Wedding Series This May: We want your questions about wedding finances! Whether you're the bride, groom, or a guest, send us your questions about budgeting for the big day. Email: [email protected]

1011. While becoming a homeowner seems to get more difficult as home prices, mortgage interest rates, and home insurance premiums continue to rise, it’s essential to know how owning real estate can help you build wealth. Laura covers seven ways buying a home improves your finances. Whether you’re considering becoming a first-time homebuyer or ditching your home to be a renter, understanding some old and new ways that homeownership helps build wealth is essential.Key Takeaways:How much richer homeowners are compared to renters.The two ways homeownership helps you build equity: price appreciation and paying off an amortizing mortgage.Whether homeownership costs more or less than renting largely depends on your location.Some costs of homeownership can increase, but buying a home largely protects you from inflation.Various home-related tax deductions, including a new one, make homeownership more affordable if you itemize on your tax return.The capital gains tax exclusion is one of the largest tax breaks that qual

1010. Are you feeling "car poor" or trapped in an auto loan that costs more than your vehicle is worth? In this Finance Friday episode, Laura answers a listener's question about how to navigate an unaffordable car loan when you’re upside-down (negative equity).If you are looking to lower your monthly payments or are debating between a car lease vs. buying your next vehicle, you’ll learn the pros, cons, and math behind making the most affordable choice for your budget.We talk about:How to manage an upside-down car loan: Strategies for refinancing or negotiating with lenders when you owe more than the car's market value.Auto Refinancing 101: When to switch your loan to a credit union or online lender to reduce interest rates and monthly payments.The 20% Rule: Why a significant down payment is the best defense against rapid vehicle depreciation.Leasing vs. Buying: A breakdown of the long-term costs, maintenance responsibilities, and flexibility of each option.Hidden Costs of Ownership: How to account for repairs

1009. Only 37% of Americans follow a formal budget—so if you hate spreadsheets, you’re in the majority. Whether you’re dealing with budget burnout, irregular income, or "vibes-based" spending, you can still reach your financial goals.In this episode, Laura breaks down how to manage money effectively without the restriction of a traditional budget. Learn how to shift your focus from tracking every penny to growing your total net worth.Key Takeaways:The "Pay Yourself First" Rule: Why prioritizing 10–15% for retirement is more effective than micro-managing expenses.Wealth on Autopilot: How to use automation and AI tools to build savings without thinking about it.Macro vs. Micro: Why tracking your Net Worth is the ultimate metric for financial success.The Income Shift: Why increasing your earning potential is more powerful than ruthlessly cutting coupons.Money Girl is a Quick and Dirty Tips Podcast, hosted by Laura Adams.Have a question for Money Girl? Email: [email protected] or leave a voicemail: (302

1008. Thinking about raiding your retirement to fund a down payment? In this episode of Money Girl, Laura answers a question from Wendy, who’s considering taking a 401(k) loan to buy a home with 20% down. Learn the rules for using a retirement plan loan, its pros and cons, and alternatives for buying a home without borrowing from your retirement.Money Girl is a Quick and Dirty Tips Podcast, hosted by Laura Adams.Have a question for Money Girl? Email: [email protected] or leave a voicemail: (302) 364-0308.Discover more from Money Girl!FacebookNewsletterTranscripts available at QuickandDirtyTips.com. Hosted on Acast. See acast.com/privacy for more information.

In this episode, Laura sits down with Lisa Greene-Lewis. She’s a TurboTax expert and CPA with over 20 years of experience in tax preparation and helping filers save money. Lisa’s also worked as a public auditor, controller, and been self-employed, so she understands common mistakes to avoid and tips for legally paying less tax.What We Discuss:New rules that reduce taxes and increase tax refunds for the average taxpayer.Tips for small businesses and the self-employed that make filing taxes easier. When to consider incorporating your business or staying a sole proprietor.Who can claim a home office deduction and whether it’s a red flag for the IRS.How long to keep personal and business tax returns and their backup.How to get year-round tax support with TurboTax Experts for Business.Money Girl is a Quick and Dirty Tips Podcast, hosted by Laura Adams.Have a question for Money Girl? Email: [email protected] or leave a voicemail: (302) 364-0308.Discover more from Money Girl!FacebookNewsletterTranscri

Is homeownership still the "American Dream," or is it becoming a financial burden? With 81% of renters aspiring to own but 61% fearing they never will, the gap between renting and owning has never felt wider. However, the truth is that both paths can lead to significant wealth if you play your cards right.In this episode of Money Girl, Laura breaks down the persistent rent-versus-own debate. While homeowners benefit from equity and appreciation, savvy renters can leverage flexibility and lower upfront costs to out-invest their home-owning peers. Whether you’re tired of "throwing money away" on rent or feeling "house rich and cash poor," this guide provides the clarity you need to make the best move for your bank account.In this episode, you’ll discover:4 ways renting can actually make you wealthier (including the "investment gap" advantage).The hidden costs of homeownership that go far beyond your monthly mortgage payment.The tax breaks and appreciation benefits that make real estate a powerful long-term play

With U.S. consumer debt hitting a record $18.8 trillion, it’s time to see how your balances measure up. In this episode, Laura breaks down average debt by age group and type—from Gen Z’s $35k average to Gen X’s $158k peak—to help you determine if your debt is "healthy" or a hurdle to retirement.Key Takeaways:The Big 4: Current averages for mortgages, auto loans, student loans, and credit cards.Debt Rules of Thumb: Learn the 30/30/3 rule for housing and the 20/4/10 rule for car buying.Know Your Ratios: How to calculate your Debt-to-Income (DTI) ratio like a lender.Payoff Strategies: Why high-interest debt is "bad" and how to use consolidation or balance transfers to escape it.Whether you're looking to buy a home or just sleep better at night, learn how to stop being "average" and start building wealth.Find a transcript on your podcast player. Have a money question? Send an email to [email protected] or leave a voicemail at (302) 364-0308.Find Money Girl on Facebook and T

1005. Is your company "returning" your retirement savings? In this episode, Laura answers a listener question from Jay P., who is frustrated that his contributions keep getting bounced back as taxable income.If you’re a high earner or a diligent saver, nothing is more frustrating than seeing your hard-earned 401(k) contributions returned to your checking account. But why does the IRS penalize you just because your coworkers aren’t saving enough?In this episode, Laura breaks down the "Highly Compensated Employee" (HCE) rules and explains exactly why your retirement plan might be failing its annual nondiscrimination tests. More importantly, she shares the specific steps you can take to keep your momentum going even when your workplace plan hits a ceiling.Laura goes over: The HCE Threshold: The specific 2026 income and ownership limits that trigger these IRS rules. The "Safe Harbor" Solution: How to pitch a plan upgrade to your HR department that eliminates testing forever. Tax Fallout: How to handle the tax lia

1004. This week, Laura explains how to identify and fix overcontributions to your 401(k), IRA, and HSA. You’ll learn the specific deadlines for 2026 to remove excess funds penalty-free and how to handle the tricky tax paperwork that follows.In This Episode: The Cost of Mistakes: Why IRAs and HSAs carry a 6% annual penalty for excess funds, and how 401(k) errors can lead to double taxation. 2026 Contribution Limits: The max limits for workplace plans ($24,500), IRAs ($7,500), and HSAs ($4,400–$8,750), including catch-up rules for those over 50 and 60. Common Pitfalls: How switching jobs, receiving year-end bonuses, or earning too much for a Roth IRA can trigger an accidental overcontribution. The Correction Timeline: Why April 15 is a hard deadline for workplace plans, while IRAs and HSAs offer flexibility until October 15 with an extension. New 2026 Rules: What high earners (making over $150k) need to know about the new mandatory Roth catch-up contributions.Step-by-Step Fixes: How to work with your account cu

1003. Is one missed payment going to haunt your mortgage application forever?On this Finance Friday, host Laura answers a listener's question about a recent late payment and the fear that it might ruin their chances of buying a home. If you’ve ever seen your credit score plummet due to a mistake, this episode is for you.Laura breaks down the "lifespan" of credit damage and reviews seven specific negative items that can appear on your reports, including: Late Payments: The most common mistake and the "7-year rule." Charge-Offs vs. Collections: What happens when a creditor gives up on you. Medical Debt: Why the rules for medical bills are different (and better!) for consumers. Bankruptcies: The difference between Chapter 7 and Chapter 13 reporting. Foreclosures & Settlements: How long they linger and how their impact fades over time.You’ll also learn why your credit score isn’t a "permanent record" and how the diminishing effect of old mistakes allows your score to rebound faster than you think.Find a trans

1002. Taxes don’t have to be a source of shame or a "black box" of confusion. Whether you’re a lifelong artist, a side-hustler, or a traditional employee, understanding the tax code is the ultimate power move for your bank account.In this episode, Laura sits down with Hannah Cole, an Enrolled Agent, working artist, and founder of Sunlight Tax. Hannah specializes in bringing "tax literacy to the humans"—specifically those who feel like the "black sheep" of the business world. They dive into the mindset shifts needed to conquer financial fear and the tangible steps you can take to legally pay less to the IRS.What We Discuss: The Mindset Shift: Why money is "neutral" and how to stop letting "starving artist" stereotypes gatekeep your wealth. The Cost of Confusion: Why a lack of tax literacy costs the average American over $1,000 a year (and much more for entrepreneurs). Self-Employment 101: A breakdown of the 15.3% self-employment tax and why your "boss hat" and "employee hat" both owe a cut. "One Big Beautiful

1001. On this Finance Friday, I’m clearing up the massive confusion surrounding "gift taxes." Many people are terrified to help their loved ones because they fear a surprise tax bill, but the reality is that the thresholds are much higher than you think.Whether you're helping with a down payment, paying for a grandchild’s tuition, or simply sharing your wealth while you're around to see them enjoy it, there are a few "golden rules" you need to know to stay on the right side of the IRS.In this episode, we discuss: The 2026 Limits: Why you can likely give away millions without ever owing a penny in gift tax. The Annual vs. Lifetime Exclusion: How to use the $19,000 annual limit to your advantage. The "Direct Payment" Loophole: How to pay for medical or tuition bills without it counting as a gift. The Inheritance Trap: Why gifting a house or stocks now might actually cost your children more in taxes later than waiting for a "step-up in basis." IRS Form 709: When you actually need to file it (and why it’s not as

1000. We made it to 1,000! To celebrate this massive milestone, Laura Adams is sticking with the "1,000" theme to help you make the most of your next windfall. Whether it’s a tax refund or a work bonus, discover seven high-impact ways to manage an extra $1,000—from building a bulletproof emergency fund to the power of a Roth IRA. Plus, stay tuned for special guest appearances and tips from long-time listeners and financial experts who have been part of the “Money Girl” journey!Find a transcript here. Have a money question? Send an email to [email protected] or leave a voicemail at (302) 364-0308.Find Money Girl on Facebook and Twitter, or subscribe to the newsletter for more personal finance tips.Money Girl is a part of Quick and Dirty Tips.Links:https://www.quickanddirtytips.com/https://www.quickanddirtytips.com/money-girl-newsletterhttps://www.facebook.com/MoneyGirlQDT Hosted on Acast. See acast.com/privacy for more information.

999.  Laura reviews what you should know about using a high-yield savings account (HYSA) and six tips for choosing the best one.Find a transcript here. Have a money question? Send an email to [email protected] or leave a voicemail at (302) 364-0308.Find Money Girl on Facebook and Twitter, or subscribe to the newsletter for more personal finance tips.Money Girl is a part of Quick and Dirty Tips.Links:https://www.quickanddirtytips.com/https://www.quickanddirtytips.com/money-girl-newsletterhttps://www.facebook.com/MoneyGirlQDT Hosted on Acast. See acast.com/privacy for more information.

998. How much do you really need to retire? Should you always buy term life insurance? In episode 998, Money Girl Laura Adams audits 8 popular financial rules of thumb to see if they hold up in today’s economy.What you’ll learn: The Rule of 72: How to calculate when your money will double. The DIME Method: A smarter way to calculate life insurance than "10x your income." Emergency Fund Math: Why 3 months might not be enough for you. Investing Allocations: Why "100 minus your age" is likely too conservative for 2026. Retirement Readiness: Understanding the "Multiplier of 25" and the 4% withdrawal rule.Don't follow a rule just because it's famous—follow it because it works for your life.Find a transcript here. Have a money question? Send an email to [email protected] or leave a voicemail at (302) 364-0308.Find Money Girl on Facebook and Twitter, or subscribe to the newsletter for more personal finance tips.Money Girl is a part of Quick and Dirty Tips.Links:https://www.quickanddirtytips.com/https://www