If you own a vacation home that you use for both rental and personal purposes, now is a good time to plan how to use it for the rest of this year with tax savings in mind. Here’s what you need to know:
Rented less than 15 days during the...
If you’ve reached age 70½, you can make cash donations to IRS-approved charities out of your IRA. These so-called qualified charitable distributions (QCDs) are now a permanent feature of the tax law — unless Congress changes its mind. To take maximum advantage for 2018, you should replace some or...
Did your credit card limit unexpectedly decrease? If so, would you believe the good economy is the reason why?
Capital One and Discover, two of America's largest credit card issuers, recently announced a tightening of credit card limits despite the strong economy. Both companies cite risk management as the reason.
While...
Many working adults are used to losing a portion of their income to taxes. New retirees, on the other hand, are often shocked to find that much of their income is, in fact, subject to taxes as well. Here are a few unpleasant tax surprises that might catch you...
Many new couples inquire about a potential mate’s age or how many previous partners they’ve had. Others are more interested in another number.
Approximately 42% of adults say knowing someone’s credit score would affect their willingness to date that person, according to a recent survey of 1,000 adults by personal...
Parents often try to impart their values about money to help their children establish a strong financial foundation. If you are a parent, talking to your kids about money can help them learn how to be financially responsible, self-supporting adults. To get the discussion flowing, consider using these conversation...
If you have an excellent boss who has treated you well all year, you might be tempted to add them to your holiday gift list. That's not always a good idea, and it's a decision you should be very careful with.
"Tread carefully," Jo Bennett, a partner in the executive...
One benefit of being coupled up is having someone with whom to split the bills, which makes many major financial goals more attainable. It therefore stands to reason that single folks who are forced to go it alone might have a harder time meeting their financial objectives. This especially...
For many folks, retirement is an opportunity to pursue hobbies, travel, and enjoy spending time with family and friends. But apparently, it's also the right time to own a second home. In fact, 41% of Americans would like to own a vacation home in retirement, according to data from...
Chances are, you work hard for your money and would like to make the most of it. Here are a few ways to ensure that the money you acquire is also working for you.
1. Save it
You won't grow a ton of wealth by housing money in a standard savings...
