You’ve gone your whole life working and saving, but now that you’re in retirement you’ve made it to the time you’ve been saving for. You’ll have to shift to a spending mentality. “Up until retirement, we think spending what we have saved is ‘bad,’” says Duncan. “In reti...
Scour your bank account and credit card statements and cancel any services you see that aren't used on a regular basis. The only exception might be retainers for professional services such as legal work. These aren't used often but might be valuable to maintain. Next:Buy insurance for your...
That way, you can receive any tax refund you’re due. Yes, you’ll have to fill out all the necessary forms, but it will likely be worth the time and effort to get money back from the IRS. Otherwise, you’re walking away from money that’s rightfully yours and leaving...
But it’s important to remember that stock market investments are part of your long-term plan, and selling could have tax implications. Jumping in and out of the market has not been a successful strategy over the long term and cash is virtually certain to be a losing investment over time....
Several of Trump's executive orders are facing legal challenges. Here’s where things stand now. Cecelia Smith-SchoenwalderApril 30, 2025 Trump Marks 100 Days With Defiance President Trump said during an interview that he could bring back the Maryland man wrongfully deported to El Salvador but ...
Your guide to coming up with a great business idea, learning how to validate it, getting it protected and figuring out whether to manufacture or license it.
Almost everyone who earns money has to pay the OASDI tax, so familiarize yourself with it now. Geoff WilliamsMarch 28, 2025 Filing Last Minute: Pros and Cons Filing closer to April 15 will give you time to collect tax documents and help you avoid amending a return, but the more you dela...
Roth IRAs aren't subject to RMDs, so you can leave the money in your account for potential growth or withdraw it without increasing your taxable income. RMDs assure the money in a traditional IRA is used for retirement, but it may result in people receiving more money than they need in ...
Congress is back after a two-week recess and the race is on to get the budget blueprint translated into law. Here’s a look at three big policy debates that could delay it. Aneeta Mathur-Ashton April 28, 2025 Lunch Break: Trump’s First Report Card Americans aren’t happy with Trump,...