Believe
it or not, the penalty for failing to file a tax return exceeds the penalty for
failing to pay your taxes. Filing an extension is a way to make sure you don’t
fall into the bad graces of the Internal Revenue Service.
I’ve
talked to lots of folks who would rather give up...
Pick
almost any part of life and wellness is part of the picture. People talk about
it, research it, study it and try to apply it. The Center for Psychiatric
Rehabilitation says there are eight dimensions
of wellness—physical,
social, spiritual, emotional, environmental, intellectual, occupational, and
financial. But the last one, financial, seems to be the...
Want
to know how to be the best? Learn from the best. That’s what Lendingtree did
when they looked at thousands of credit reports from people with a credit score
of 801 or higher. They discovered some common financial threads among people with
the best scores.
On
average, credit scores can range from a low...
If
you have an IRA then you know that at age 70 ½ the government forces you to
begin taking distributions so they can tax money that has, up to now, escaped
their clutches.
Most
people use the Uniform Lifetime
Table
to figure their Required Minimum Distribution. Find your age, get the life
expectancy factor and divide...
For the first time in U.S. history, more than 20% of retirement age workers are choosing to stay in the workforce. That’s more than double the number who made that decision in 1985, according to a new report from United Income.
The reason is simple—they don’t have enough money. For...
Can
you find happiness without giving up Social Security benefits? Millions of
widowed and divorced baby boomers are finding love after loss and looking for
guidance on how to update their financial plan to suit their new romantic
status.
According
to financial writer Mary Beth Franklin, the good news is
that surviving spouses have more claiming...
“So, who do I want
to get my IRA? My spouse? My kids? But I don’t want to leave out the grandkids.
Oh, I’ll just fill it in later.”
You’d
be surprised how often that mental conversation goes on when someone is looking
at the beneficiary section of their IRA application. And for most,...
