9 Simple Money Moves to Make Before the New Year

The calendar has reached the final month of the year, giving you just days to make some year-end financial moves. These strategies can help lower your risk of identity theft and give you a better picture of your financial health. None of them should take long — you can probably knock them out during the … Read more9 Simple Money Moves to Make Before the New Year

6 Signs We’re Heading Into a Recession

By Andrey Burmakin / Shutterstock.com Are we now at a turning point — the start of a bear market and economic recession? The financial markets have experienced dizzying volatility through autumn, erasing the market’s gains for 2018. And now, a new poll shows that nearly half of 212 corporate chief financial officers predict that the … Read more6 Signs We’re Heading Into a Recession

2-Minute Money Manager: Should I Invest Using Dollar-Cost Averaging or Lump Sum?

Welcome to your “2-Minute Money Manager,” a short video feature answering money questions submitted by readers and viewers. Today’s question is about investing methods; specifically, when approaching the stock market, is it better to invest systematically monthly, or just to put everything in at once in a lump sum? Investing a fixed amount monthly — … Read more2-Minute Money Manager: Should I Invest Using Dollar-Cost Averaging or Lump Sum?

Retirees Who Miss This Tax Deadline Could Owe the IRS Thousands

Many retirees who turned 70½ years old prior to the start of 2018 are up against a potentially costly tax deadline. Folks this age who own certain types of retirement accounts generally must withdraw what the IRS calls “required minimum distributions” — or “RMDs” — by Dec. 31. If they miss this deadline, they face … Read moreRetirees Who Miss This Tax Deadline Could Owe the IRS Thousands

5 Ways to Avoid Paying Taxes on Your Social Security Benefits

The recent federal tax overhaul changed a lot of rules, but one thing remains the same: It is exceedingly difficult to evade the long reach of the tax man. That’s even true of Social Security benefits. Most people know that working before their full retirement age can result in a reduced benefit. But earn too … Read more5 Ways to Avoid Paying Taxes on Your Social Security Benefits

This Mind Trick Boosts Retirement Savings Rates by 31 Percent

Boosting your retirement savings could be as simple as closing your eyes and imagining your golden years. Folks who picture their retirement say they should sock away 31 percent more money compared with people who do not think about what their retirement will be like, according to a recent survey from investment management firm Capital … Read moreThis Mind Trick Boosts Retirement Savings Rates by 31 Percent

Boost Your Social Security Check With This Overlooked Strategy

Many retirees may be needlessly passing up bigger Social Security checks. A majority of retirees — 56.6 percent — claim their Social Security benefits before tapping their individual retirement accounts (IRAs), based on a study that was recently published in the Journal of Pension Economics & Finance. This could be a costly mistake, as waiting … Read moreBoost Your Social Security Check With This Overlooked Strategy

7 Great Gifts That Teach Kids Math and Money Savvy

Why not add a little learning to the fun this holiday season? These inexpensive gifts for toddlers through adolescents can help increase a child’s financial literacy. Here’s a thought: Don’t just give the game — instead, jump in and play. That way, you get in on the fun and the child gets the benefit of … Read more7 Great Gifts That Teach Kids Math and Money Savvy

8 Things Rich People Buy That Make Them Look Dumb

A few years ago, I was invited, along with a group of my friends, to a party at a waterfront mansion here in Fort Lauderdale, Florida. The house featured two elevators, about 20,000 square feet and a living room that resembled an upscale hotel lobby. As we stood in a small group marveling at a … Read more8 Things Rich People Buy That Make Them Look Dumb

75 Percent of Eligible Households Ignore This Retirement Tax Credit

In just a few months, it will be income-tax season again. And as in years past, millions of taxpayers likely will miss the opportunity to slash their tax bill by up to $2,000 simply because they overlook a little-known federal tax break. According to the Internal Revenue Service, the Saver’s Credit is worth 10 percent, … Read more75 Percent of Eligible Households Ignore This Retirement Tax Credit