Latest news with #Liz
Yahoo
22 minutes ago
- Business
- Yahoo
Delaying Medicare enrollment. What to know
Dear Liz: When my husband was approaching 65, he was employed and covered by a high deductible healthcare plan (HDHP) with a health savings account by his employer. Neither his employer nor our local Social Security office had concrete advice on how to proceed about enrolling in Medicare, but after tremendous research, he eventually delayed enrollment. Now I am approaching 65. My husband is still working, and I am still covered by his health insurance, although both are in his name. Do I enroll in Medicare at the appropriate time or do I delay enrollment like he did? Answer: Delaying Medicare enrollment can result in penalties that can increase your premiums for life. If you or a spouse is still working for an employer with 20 or more employees, however, generally you can opt to keep the employer-provided health insurance and delay applying for Medicare without being penalized. If you lose the coverage or employment ends, you'll have eight months to sign up before being penalized. Delaying your Medicare enrollment also allows your husband to continue making contributions on your behalf to his health savings account. In 2025, the HSA contribution limit is $4,300 for self-only coverage and $8,550 for family coverage, plus a $1,000 catch-up contribution for account holders 55 and older. Once you enroll in Medicare, HSA contributions are no longer allowed. Medicare itself suggests reaching out to the employer's benefits department to confirm you are appropriately covered and can delay your application. Let's hope that by now your employer's human resources department has gotten up to speed on this important topic. Dear Liz: We read your recent column about capital gains and home sales. Our understanding is that if you sell and then buy a property of equal or greater value within the 180-day window, the basis for tax purposes is the purchase price, plus the $500,000 exemption, plus the improvements to the property, minus the depreciation, whatever that number comes to, and then the profit above that has to be reinvested or it is subject to capital gains. We talked to our CPA about this and he referred us to a site that specializes in 1031 exchanges. Answer: You've mashed together two different sets of tax laws. Only the sale of your primary residence will qualify for the home sale exemption, which for a married couple can exempt as much as $500,000 of home sale profits from taxation. You must have owned and lived in the home at least two of the previous five years. Meanwhile, 1031 exchanges allow you to defer capital gains on investment property, such as commercial or rental real estate, as long as you purchase a similar property within 180 days (and follow a bunch of other rules). The replacement property doesn't have to be more expensive, but if it's less expensive or has a smaller mortgage than the property you sell, you could owe capital gains taxes on the difference. It is possible to use both tax laws on the same property, but not simultaneously. In the past, you could do a 1031 exchange and then convert the rental property into a primary residence to claim the home sale exemption after two years. Current tax law requires waiting at least five years after a 1031 exchange before a home sale exemption can be taken. You can turn your primary residence into a rental and after two years do a 1031 exchange, but you would be deferring capital gains, while the home sale exemption allows you to avoid them on up to $500,000 of home sale profits. Liz Weston, Certified Financial Planner®, is a personal finance columnist. Questions may be sent to her at 3940 Laurel Canyon, No. 238, Studio City, CA 91604, or by using the "Contact" form at Sign up for our Wide Shot newsletter to get the latest entertainment business news, analysis and insights. This story originally appeared in Los Angeles Times. Sign in to access your portfolio
Los Angeles Times
35 minutes ago
- Business
- Los Angeles Times
Delaying Medicare enrollment. What to know
Dear Liz: When my husband was approaching 65, he was employed and covered by a high deductible healthcare plan (HDHP) with a health savings account by his employer. Neither his employer nor our local Social Security office had concrete advice on how to proceed about enrolling in Medicare, but after tremendous research, he eventually delayed enrollment. Now I am approaching 65. My husband is still working, and I am still covered by his health insurance, although both are in his name. Do I enroll in Medicare at the appropriate time or do I delay enrollment like he did? Answer: Delaying Medicare enrollment can result in penalties that can increase your premiums for life. If you or a spouse is still working for an employer with 20 or more employees, however, generally you can opt to keep the employer-provided health insurance and delay applying for Medicare without being penalized. If you lose the coverage or employment ends, you'll have eight months to sign up before being penalized. Delaying your Medicare enrollment also allows your husband to continue making contributions on your behalf to his health savings account. In 2025, the HSA contribution limit is $4,300 for self-only coverage and $8,550 for family coverage, plus a $1,000 catch up contribution for account holders 55 and older. Once you enroll in Medicare, HSA contributions are no longer allowed. Medicare itself suggests reaching out to the employer's benefits department to confirm you are appropriately covered and can delay your application. Let's hope that by now your employer's human resources department has gotten up to speed on this important topic. Dear Liz: We read your recent column about capital gains and home sales. Our understanding is that if you sell and then buy a property of equal or greater value within the 180 day window, the basis for tax purposes is the purchase price, plus the $500,000 exemption, plus the improvements to the property, minus the depreciation, whatever that number comes to, and then the profit above that has to be reinvested or it is subject to capital gains. We talked to our CPA about this and he referred us to a site that specializes in 1031 exchanges. Answer: You've mashed together two different sets of tax laws. Only the sale of your primary residence will qualify for the home sale exemption, which for a married couple can exempt as much as $500,000 of home sale profits from taxation. You must have owned and lived in the home at least two of the previous five years. Meanwhile, 1031 exchanges allow you to defer capital gains on investment property, such as commercial or rental real estate, as long as you purchase a similar property within 180 days (and follow a bunch of other rules). The replacement property doesn't have to be more expensive, but if it's less expensive or has a smaller mortgage than the property you sell, you could owe capital gains taxes on the difference. It is possible to use both tax laws on the same property, but not simultaneously. In the past, you could do a 1031 exchange and then convert the rental property into a primary residence to claim the home sale exemption after two years. Current tax law requires waiting at least five years after a 1031 exchange before a home sale exemption can be taken. You can turn your primary residence into a rental and after two years do a 1031 exchange, but you would be deferring capital gains, while the home sale exemption allows you to avoid them on up to $500,000 of home sale profits. Liz Weston, Certified Financial Planner®, is a personal finance columnist. Questions may be sent to her at 3940 Laurel Canyon, No. 238, Studio City, CA 91604, or by using the 'Contact' form at
Fox News
9 hours ago
- Business
- Fox News
The Side Hustle Blueprint: The Expert's Guide on Turning Passion Into Profit
If you can transform your passion into a lucrative business, what's stopping you? Certified public accountant and attorney Mark Kohler joins Liz to discuss why turning that side hustle idea that's been brewing in the back of your mind into a reality is always worth it, even if it feels incredibly daunting. Kohler walks through how to realistically start up a small business, what risks to consider, and how it can be a real financial game changer. Learn more about your ad choices. Visit
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India.com
a day ago
- Entertainment
- India.com
4-Month Pregnant YouTuber Wizard Liz Accuses Fiancé Landon Nickerson Of Cheating, Plans To Donate Engagement Ring
New Delhi: Renowned manifestation coach and YouTuber Wizard Liz, who commands a massive following of 8.04 million on YouTube and 4.8 million on Instagram, has left fans stunned with the announcement of her breakup with fiancé Landon Nickerson. Liz revealed the split through a series of emotional Instagram stories, accusing Nickerson of cheating on her while she was four months pregnant. According to Liz, the cheating came to light when the girl Landon allegedly reached out to contact one of Liz's close friends. 'Landon decided to make a Snapchat account and reach out to a girl to meet up,' she wrote, adding that this happened while he was with her in London, professing his love and making future promises. Landon, known for his content on Roblox, Minecraft, and Fortnite, has over 3.2 million YouTube subscribers. He had previously gifted Liz a book expressing his love and a lavish engagement ring reportedly worth $100,000. Liz said the girl showed evidence where Landon described their relationship as 'fake.' Devastated by the betrayal, she confessed in now-deleted stories that she hadn't eaten or slept for two days and that her cats were still with him in Dallas. 'And for the ones thinking I was suspicious of any behaviour of cheating ABSOLUTELY NOT, If I tell you how shocked I am,' she wrote. Staying true to her beliefs, Liz stated, 'I will never ever create a fake narrative for social media. I will not preach something and not take the advice myself.' She also shared her plans to sell the engagement ring and donate the proceeds to single mothers. Fans have now begun questioning whether Landon's actions were premeditated, as Liz had previously addressed rumours that he had stalked her. In an earlier video titled 'Q&A with My Husband', she clarified, 'I never ever post my location for safety reasons.' On the other hand, Landon took to Instagram Stories and later deleted it, he described the incident as a "mistake" and admitted that he "deserves the hate." He expressed that it was just "5-10 minutes of my life texting someone" he doesn't care about. He added, "So yes, I deserve the hate, and there is not a single person on this planet who is more disappointed or upset than I am." Given Liz's openness about her personal struggles and her dream of building a loving family, the news has triggered a wave of support from followers.
Indian Express
2 days ago
- Entertainment
- Indian Express
YouTuber Landon Nickerson accused of cheating 4-month pregnant partner ‘The Wizard Liz'; know who she is
YouTuber Landon Nickerson, best known for his upbeat gaming content, is facing serious backlash after his partner, popular digital creator The Wizard Liz, accused him of cheating while she is four months pregnant. Liz and Landon got engaged in September 2024. A video uploaded to Liz's YouTube channel on May 25, 2025, she has referred to Landon as her 'husband'. The title of the video says 'Q&A with my husband'. On May 27, 2025, Liz shared an emotional statement on her Instagram Stories, revealing that Landon had been unfaithful, using a hidden Snapchat account to communicate with another woman. The truth surfaced when the woman reportedly reached out to one of Liz's friends and shared proof of the affair. 'I will never create a fake narrative for social media. I will not preach something and not take the advice myself,' Liz's statement said. She went on to say that Landon, despite showing affection and making an effort to be present – like joining her in London – chose to betray her trust. 'He called the relationship fake. Meanwhile, my cats are with him in Dallas. All my stuff is in there in our apartment, and oh, I'm 4 months pregnant,' she wrote. i just found out wizard liz got cheated on, while she's 4 months pregnant.. we truly have no chance men are actually evil — valerie🍉 (@badpositionz) May 28, 2025 While she acknowledged that Landon expressed regret, Liz made it clear that his apology didn't undo the pain. She admitted she felt foolish for missing the red flags and dismissing her instincts. 'Men want to lead the world, but can't control their own lust. It's weak,' she wrote. Fans rallied around her, flooding her social media with messages of support. However, a few sceptics tried to stir up old rumors, accusing her of getting involved with Landon while he was still in another relationship. Liz swiftly shut down the speculation, saying, 'Landon was ABSOLUTELY SINGLE when he met me. We were both not in a relationship.' She stressed she wouldn't have dated him otherwise and dismissed the rumors as baseless. As the fallout continues, Landon briefly addressed the situation in a series of now-deleted Instagram Stories. He admitted to the 'mistake' and said he still loves Liz. Landon keeps saying him cheating on Liz is a mistake. Well lemme tell you Landon Nickerson, Cheating is a choice not a mistake. You baby trapped her. — 𝐇𝐚𝐳𝐞𝐥 🩰 (@hazelisgood) May 28, 2025 Reports now say Liz plans to sell her engagement ring, which she claims is worth around $100,000. twitter embed code So, who is The Wizard Liz? Born in Belgium, Lize Dzjabraliova, 26, is a digital creator known for her empowering content on mental health, personal growth, and self-awareness. Her straightforward, motivational style has made her a favourite among young women on platforms like TikTok, Instagram, and YouTube, where she has amassed millions of followers. She's also known for vlogging her fitness routines and snippets of daily life.
