The #1 financial scam against seniors is the Social Security scam. One of the latest scams is a phone call that your social security number is being suspended due to suspicious activity. Help protect yourself against this with these tips.
The market began on a high note on the first trading day of the year with the Dow closing at an all-time high of 28,868 on January 2nd.
529 Plans are great savings and investment vehicles to grow money for your children’s education and they are established by each state. Contributions are not tax-deductible for federal income tax, but many states offer their residents a deduction.
A married couple who files a joint tax return may be able to make a tax-deductible contribution to an IRA for a non-working spouse. This is a tax deduction that many taxpayers miss.
The recent outbreak of the coronavirus in China has put global markets on edge. On Monday, January 27th the Dow dropped over 450 points due to concerns about the spread of the virus after media reporting all weekend.
Understanding your options when you inherit an IRA is important because IRA money generally has never been taxed. This money passed on to your heirs will be taxed when they take the money out, and they must be in individual names and can't be jointly owned.