Paige Santillo worries about not being able to pay for her medication without health insurance. Source: Paige Santillo The help from the government seemed to come just in time for Paige Santillo. Due to the pandemic, Santillo had been laid off from her job as a marketing manager at the publishing company Informa in October.
Advisors
Image by Marie LaFauci | Moment | Getty Images Any possible tax changes for ultra-high-net-worth and high-net-worth investors could result in an increased tax burden. That means there’s motivation to find ways to protect that wealth. Some solutions that reduce exposure to specific anticipated Biden tax increases involve making charitable donations — a plus for the charitably
MoMo Productions Parents may soon start getting monthly payments from the IRS, due to a recent change to the child tax credit. IRS Commissioner Charles Rettig said Tuesday that the agency was on track to start issuing that aid in July. Here’s what taxpayers need to know about the tax credit and income stream. Child
Tetra Images | Tetra images | Getty Images Next year’s tax return is probably the last thing on most Americans’ minds right now. With millions of individuals and business owners still dealing with their taxes for this year, next year can wait. “The financial industry, and the whole country, has compliance fatigue,” said Ed Reitmeyer,
Ariel Skelley | The Image Bank | Getty Images With age comes increased frugality. As people reach retirement age, it’s been common practice to get rid of what you don’t need, including personal items, extra expenses and oversized, hard-to-manage properties. For years, the average American retiree has charted a predictable course through retirement, choosing smaller,
Westend61 | Westend61 | Getty Images Stocks are booming and seniors are struggling with long-term unemployment. Taken together, poor job prospects and a healthy nest egg may make it seem like a good time to retire. In fact, it may be a particularly dangerous time for Americans to do so, according to financial experts. More
Luis Alvarez | DigitalVision | Getty Images Ivory Johnson was one of the many financial advisors who were forced to pivot quickly when the pandemic hit the U.S. more than a year ago. In a business that is often relationship-driven, Covid largely put a halt to in-person meetings for advisors, including Johnson. However, the shift
Getty Images A fourth batch of more than 25 million $1,400 stimulus payments has been sent, and this time Social Security beneficiaries received most of the money. The IRS announced on Wednesday that new stimulus checks totaling more than $36 billion had been issued. Those payments began processing on Friday, April 2, and had an
Win McNamee | Getty Images News | Getty Images Taxes on retirement savings are inevitable — it’s really a question of now or later. President Joe Biden’s tax plan may make it better to pay Uncle Sam now. Taxpayers can do that by saving in a Roth account or converting a traditional, pre-tax account to
bymuratdeniz | iStock | Getty Images That early withdrawal from your retirement account last year may have been a life saver. Now, it’s time to start paying the taxman. Most retirement savers did not take a distribution under legislation that authorized penalty-free early withdrawals amid the pandemic. However, for those who did, the majority (69%)
Constantine Johnny | Moment | Getty Images The IRS may be extending the deadline to file your annual taxes for 2020 to May 17, but there’s no time like now to get started on them — no matter your circumstances. Perhaps you owe money that you don’t currently have. Maybe your life has been turned
Getty Images Between stimulus checks and expanded tax credits in the latest Covid-relief package, most U.S. households are poised to get some extra cash. The amount? An average of $3,450 for the bottom 60% of earners ($65,000 or less), according to research from the Institute on Taxation and Economic Policy. The number reflects direct stimulus
Supoj Buranaprapapong | Getty Images It’s always nice getting a raise, but it could affect your ability to save for retirement through your 401(k) plan. Highly compensated employees — those making more than $130,000 annually — may not be able to contribute the maximum to their tax-deferred retirement plan if their lower-paid colleagues aren’t diligently
Rosamund Pike accepts the Best Actress in a Motion Picture, Musical/Comedy, award for “I Care a Lot” via video from Ben Stiller at the 78th Annual Golden Globe Awards on Feb. 28, 2021 in New York. Peter Kramer/NBC | NBCUniversal | Getty Images The Netflix movie “I Care A Lot” provides insight on how to
recep-bg | E+ | Getty Images Spring typically represents a new beginning, a fresh start and a bright outlook for the future. This also indicates that the time is approaching for hundreds of thousands of high school seniors to decide on what college they will be attending. As a wealth advisor and parent of one
Tetra Images | Tetra images | Getty Images A few years ago, I had a client tell me he invested in a fancy bowling alley — the new party hot spot in town. It’s since shut down. Another client shared that he joined the board of a start-up and they’re looking to raise capital. He
Sen. Angus King, I-Maine, at the announcement of the $900 billion Covid-19 relief bill on Capitol Hill on Dec. 1, 2020. Tasos Katopodis | Getty Images News | Getty Images The IRS may not have extended the deadline for Americans to file their tax returns as they did last year, but chances are millions of
ljubaphoto The 2020 tax season is officially underway, and the millions of Americans who collected unemployment benefits last year due to the coronavirus pandemic may be in for a surprise. That unemployment income is taxable, and if you didn’t have money set aside or withheld for those taxes, it could reduce your refund or even
fstop123 | E+ | Getty Images If you pulled money from your 401(k) plan or individual retirement account last year to get through tough times, now is the time to consider next steps. The federal CARES Act that was passed in March 2020 put in place very favorable terms for qualified retirement plan participants under
Democratic candidates for Senate Jon Ossoff (L), Raphael Warnock (C) and US President-elect Joe Biden (R) bump elbows on stage during a rally outside Center Parc Stadium in Atlanta, Georgia, on January 4, 2021. Jim Watson | AFP | Getty Images Wealthy Americans worried about the prospect of higher estate and gift taxes might have
- « Previous Page
- 1
- …
- 23
- 24
- 25
- 26
- 27
- …
- 31
- Next Page »