We all have our own unique relationship with money. We certainly have our own unique way of both spending and saving money. However, if you’re ready to start putting some money aside, or looking for tips on money management, or even the best way to pay your bills, the following tips may provide a little bit of help.
An IRA, or Individual Retirement Account, is a tax-advantaged savings account that is subject to special rules regarding contributions and withdrawals. One of the central rules of IRAs is that withdrawals prior to age 59½ are generally subject to a tax penalty because policymakers sought to create a disincentive to use these savings for anything other than retirement.1
Some specifics about your “second act" - also known as: some financial facts to consider for your retirement.
Many people are familiar with the basic concepts of life insurance and understand that some level of protection is a necessary part of modern financial life. The question of what life insurance can actually accomplish, when considered as part of an overall financial plan, is more involved and worth a closer look.
It depends. If there is a significant difference in income and current life insurance coverage, determining the amount of life insurance for each spouse, is best resolved by considering each spouse's individual cash and income needs.
Follow the rules, and you may get a big federal tax break.
It’s certainly no secret that healthcare costs have escalated in recent years, and there’s no reason to believe that the end is in sight. But whether you have a comprehensive health insurance policy or have purchased a catastrophic policy, there are ways to save on healthcare costs.
More families should know about these tax-advantaged savings vehicles for families with special needs children.
The federal government offers some major tax breaks for older Americans. Some of these perks deserve more publicity than they receive. Are you aware of them?
Here are some things you might want to do before saying goodbye to 2018.
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