With jobs to hold down, children to care for, friendships to maintain, food to be bought and cooked, dishes to be washed and laundry to be done, it can be a challenge to keep up with all the details of your personal finances.
In passing, you may wonder: How many more months until my car loan is paid off?Or, before bed, you may get a jolt of anxiety about whether you’ll ever be able to retire.
With a president-elect Joe Biden heading to the White House, estate and gift tax exemptions could be on the chopping block next year.Even if nothing happens, these exemptions are slated to be halved after 2025.
President-elect Joe Biden hopes to encourage lower- and middle-income workers to save more by changing the existing tax preferences for savings in retirement accounts.A divided Congress is likely to hinder his plans.
Q: I'm 62, single, no children, self-employed.I'm slowly recuperating from COVID, although I'm a long way from recovered.
I have a Roth IRA and a rollover IRA
It’s a common end-of-year refrain: Don’t forget to take your required minimum distribution.
But, just as with everything else in 2020, rules for RMDs, as they are generally known, are different this year.Seniors don’t have to take them.
Ed Slott, Founder of IRAhelp.com, joins The Final Round to discuss how the election could impact your retirement savings.
Estate attorneys, certified public accountants (CPAs) and the very wealthy will likely go to war with the federal government should former Vice President Joe Biden assume the Oval Office.The issue at hand
Take these financial steps before New Year’s Day and you can save on taxes, improve your credit, fine-tune your portfolio and boost your retirement savings.Here's where to start.
This fall, older savers who are feeling generous may want to consider using their individual retirement account to help fund their favorite charities.
There’s an incentive for being altruistic: It could help retirees manage their Medicare premiums in 2022.
It’s now easier for older savers to continue socking money away for retirement.
Just be aware that unintended consequences may follow — and they could cost you.
That’s due to the Secure Act, legislation that was signed into law late last year and took effect in 2020.
