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in Investing, Money, Personal Finance, Taxes
Delaying Required IRA Distributions—Again— Would Largely Help Only The Wealthy
Couple enjoying a sailing cruise. getty The House Ways & Means Committee is once again tinkering with the law that requires retirees to take minimum distributions from their individual retirement accounts (IRAs) and 401(k)s. Each time, Congress eases the required minimum distribution (RMD) rules at great cost to the federal government. Yet the beneficiaries would… More
May 5, 2021, 1:46 pm
in Investing, Money, Taxes, Wealth Management
Two Powerful Charitable Giving Strategies—Compared
Which is better, using appreciated securities or an IRA? Here’s a calculator to answer the question. Volunteers at Habitat for Humanity in Culver City, California. (Photo by John Wolfsohn) Getty Images The 2017 tax law, with its huge standard deduction, did serious damage to the tax benefits of philanthropy: Now, for a lot of taxpayers,… More
April 17, 2021, 3:41 pm
in Money, Personal Finance, Taxes
The Tax Deadline Has Been Extended But You May Not Want To Wait
Season to pay Tax, Budget, and Tax planning concept. Business woman wear glasses calculating annual … [+] tax and using mobile phone. Calendar 2021 and personal income tax form placed on home office desk. getty For the second year in a row, you have additional time to file your federal taxes. On March 17th, the… More
April 5, 2021, 7:00 am
in Business, Investing, Money, Personal Finance, Retail, Retirement
CVS, Walmart And Home Depot Join Fight Against Rampant Social Security Scams
Protect yourself from Social Security scams. Be on the lookout for fake calls and emails. getty If you’re shopping at CVS tomorrow, you might hear the voice of Social Security Commissioner Andrew Saul over the speaker system, warning Americans to beware of Social Security telephone and email scams. Screens behind customer service desks at Walmart… More
March 3, 2021, 2:15 pm
in Money, Personal Finance
The Inflation Debate Doesn’t Reach The Real Issue
U.S. economist Larry Summers speaks during a panel on the second day of the annual meeting of the … [+] World Economic Forum in Davos, Switzerland, Wednesday, Jan. 18, 2017. (AP Photo/Michel Euler) ASSOCIATED PRESS With talk of yet another pandemic stimulus—or bail-out or rescue, depending on your views—concerns have finally stirred among the economic… More
February 21, 2021, 6:13 am
in Money, Personal Finance
What You Absolutely Need To Know About Financing College
One of the most alarming trends I’ve seen in recent years is people taking college debt into retirement. Worse yet, millions are unable to adequately save because of this burden. It’s an economic impediment to progress. There’s a lot they don’t tell you about making college affordable and graduating debt free. They should offer required… More
February 10, 2021, 6:37 am
in Money, Personal Finance
Social Security Payments Rise: What You Need To Know Now
Despite everything else going on, here’s some good news: Social Security benefits will be higher in 2021. The raise is due to the cost-of-living adjustment (COLA), which will increase benefits 1.3% this year. For an individual retiring at “full” retirement age, the maximum Social Security check will rise to $3,148 a month in 2021 from… More
February 5, 2021, 6:15 am
in Investing, Money, Personal Finance, Taxes
Arizona Voters Approve Massive Tax Hike On High Earners, Could Your State Be Next?
What will your state’s tax hike pay for? Education, bridges, public transportation? getty Arizona has likely flipped from a red state to a blue state, and along with that momentous change, its voters on election day have approved a massive state income tax hike on high earners. Put one way, it’s a 3.5% state income… More
November 4, 2020, 2:38 pm
in Money, Personal Finance
How You Can Protect Your 401(k) Plan From Cyberthieves
Like anything else involved with money, 401(k) plans are being stalked by cyberthieves. They want to get access to your plan so that they can steal money from it, also known as “unauthorized withdrawals” in industry parlance. According to the Golan Christie Taglia LLC law firm, cybercriminals gain access through this modus operandi: “A participant… More
October 9, 2020, 8:08 am
in Money, Personal Finance
How To Save Big — Even During A Major Downturn
My youngest daughter has the right idea. She doesn’t want to own a car or buy a house right now. Better yet, she’d rather save and invest money. If you’re working or between jobs, savings always gives you flexibility. Being out of debt and not having obligations gives you freedom. Despite what our consumerist society… More
September 4, 2020, 1:46 pm

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