It’s tax season – or as it’s frequently called, “refund season!” And that means tax filers like you are barraged with messages about getting your “maximum refund.” Many of those messages come from tax software companies and even tax preparation store fronts. It’s certainly not new – the tax industry has been telling the “maximum […]
Contributing to an Individual Retirement Arrangement (IRA) is an excellent way to grow your financial wealth over time. In fact, if you don’t have an IRA, you may be missing out.
We all know how important it is to save for retirement. Most of us think about saving. But we’ve all seen the statistics — Americans aren’t the best savers. In fact, one in three Americans hasn’t saved a penny for retirement. It’s not that we don’t want to save, it’s just hard to figure out […]
One of the best presents you can give yourself this year is to maximize contributions to your deductible or nondeductible retirement plan. Whether you’ve been contributing all year or have yet to start, here are a few tips to get the most from tax advantaged retirement plans.
The term “predatory lender” refers to a loan provider who approves loans for those who aren’t likely to be able to pay them back. The term became popularized during the 2008 financial crisis, when many lenders were found to have approved mortgages with little regard for the borrower’s situation. But, what if the “prey” were given […]
Every year scam artists devise new schemes to defraud millions of people. In recent years, it seems one of the most popular systems to target is the IRS. Unfortunately, fraudsters are at it once again – posing as the IRS in an attempt to steal taxpayers’ hard-earned money. To keep your bank account and private […]
Week one of the 2016 NFL season officially kicked off this past Sunday, but preparation for game day started quite a while ago. And I’m not just talking about those who strap on a helmet and rush the field each week. I’m talking about the millions of Americans who spent the past month relentlessly mulling […]
When you start working at a new company, you typically have a few decisions to make within those first few days on the job. And one of those decisions may be whether you want to sign up for a Roth 401(k) or a traditional 401(k) plan. You understand having a retirement plan in place is […]
If you have substantial investment gains or other income this year, make sure you know how they will affect your taxes, and be prepared to deal with them. If you have investment losses, on the other hand, you also need to know how your tax return may be impacted. You may want to change your […]