At LIZ WESTON or NerdWallet Most people no longer get a tax deduction when donating to charity. This shouldn’t stop you from donating, but you may want to change your approach. Generally, only taxpayers who itemize deductions can write off charitable contributions. The vast majority of taxpayers take the standard deduction instead, which was nearly …
Liz Weston: Make the most of the new charitable giving rules Read More »
Secretary of Labor Marty Walsh speaks during a press conference at the White House in Washington, April 2, 2021. Erin Scott | Reuters Most American workers dream of a comfortable retirement. Yet many find that their money falls short of this goal when they reach their golden years. Much of the problem is related to …
“It’s a crisis.” Why more workers need access to retirement savings Read More »
Secretary of Labor Marty Walsh speaks during a press conference at the White House in Washington, April 2, 2021. Erin Scott | Reuters Most American workers dream of a comfortable retirement. Yet many find that their money falls short of this goal when they reach their golden years. Much of the problem is related to …
“It’s a crisis.” Why more workers need access to retirement savings Read More »
Kemal Yildirim | E+ | Getty Images You have about a month to make sure you get it right when it comes to mandatory retirement account withdrawals. Required Minimum Distributions, or RMDs as they are known, are annual amounts that must be withdrawn from the year you reach age 72 – from age 70.5 before …
How to avoid mistakes with required minimum distributions from your retirement accounts Read More »
Suze Orman speaks during AOL’s BUILD Speaker Series at AOL Studios in New York City. jenny anderson | WireImage | Getty Images If your car breaks down or you have an unexpected medical bill, it can be difficult to find the money to cover expenses. In a pinch, it can be tempting to withdraw money …
Thomas Barwick | Digital vision | Getty Images Many families struggle to come up with money when faced with an unexpected $400 expense. This lack of emergency savings may force them to borrow money at high interest rates to pay for the surprise expense, putting their financial security at risk. Congress now has a window …
How Congress can make it easier to set aside money for emergency spending Read More »
Retirees and investors approaching retirement are under pressure this year. Inflation soared to multi-decade highs, stocks fell and bonds – a safe haven in normal times – crashed. The traditional portfolio of 60% stocks and 40% bonds had one of its worst years in a century. No wonder retirement investors are so gloomy. Americans say …
How to keep your retirement on track in an unpredictable market Read More »
Samuel Corum | Getty Images News | Getty Images For supporters of Congressional proposals aimed at improving the American retirement system, these few weeks promise to be difficult. Lawmakers return to Washington next week to complete the so-called lame session – the legislative period between the midterm elections and the new Congress, which begins Jan. …
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Yes, you can invest as little as $100: Here are 4 ways to get started Read More »
Election workers open ballots at the Maricopa County Tabulation and Election Center in Phoenix on November 11, 2022. Justin Sullivan | Getty Images It may take until December to find out which political parties control both houses of Congress after Tuesday’s midterm elections. But that doesn’t mean your personal investment strategy should also stay up …
