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Worried About A Recession Threat? Protect Yourself But Don’t Panic

August 19, 2019

Worries about the economy just increased when a fairly reliable recession warning emerged from the bond market. But now is a time to prepare, not panic. Financial experts say consider taking certain steps that are beneficial in any economy, CLICK ON THE HEADLINE FOR MORE

Spend Too Much? Here’s What Is Causing You To Be A Shopaholic

July 22, 2019

There are multiple psychological factors that go into every purchase decision that you make. For a look at a few common ones—and advice on how to avoid those spending triggers, CLICK ON THE HEADLINE

Three Financial Steps To Take After A Natural Disaster

September 4, 2017

Putting your financial life back in order after a natural disaster may take some time, maybe a lot of time. FOR THE MOST IMPORTANT FIRST STEPS TO TAKE, CLICK ON THE HEADLINE

Tough Money Talks

June 19, 2017

When there's a tricky financial decision to be made by family members with conflicting money perspectives, worlds can collide. CLICK ON THE HEADLINE FOR SOME ADVICE TO KEEP THE PEACE AND SET OUT ON A SECURE FINANCIAL COURSE

50 Weird Ways People Go Broke

August 15, 2016

Financial security is determined by financial decisions, meaning everyone is susceptible to financial ruin. That's why there are many strange ways to go broke. CLICK ON THE HEADLINE FOR MORE

What Prince Can Teach You About Personal Finance

May 2, 2016

Leaving relatives to scramble over his reported $300 million fortune. Prince didn't have a will just like 55% of American adults. CLICK ON THE HEADLINE FOR MORE

Recent Posts

An Inherited IRA Can Boost Your Finances, But The New Finalized IRS Rules May Mean A Tax HeadacheSeptember 9, 2024 - 7:46 pm
According to new, finalized IRS rules, if you inherited a retirement account in the past several years, it’s likely you’ll have to take distributions and pay taxes on all that money within 10 years. Before the new rule, heirs could “stretch” IRA withdrawals over their lifetime, which reduced yearly taxes.
Six Ways A Bad Credit Score Might Derail Your Retirement PlansSeptember 2, 2024 - 5:23 pm
Preparing for a comfortable retirement goes far beyond contributing to a 401(k). You might encounter devastating surprises in retirement if you’re currently ignoring the personal finance metric of maintaing a good credit score.
There’s Still Time To Max Out 401(k) Contributions For 2024 — But Some Investors Shouldn’t, Experts SayAugust 26, 2024 - 6:43 pm
For 2024, employees can defer up to $23,000 into their 401(k) plans. Experts say, however, even if you can afford to max out your plan, there are three things to consider first.
New Inherited IRA Rules For Non-SpousesAugust 19, 2024 - 8:32 pm
As older generations are the biggest holders of retirement accounts, including the approximately $11.5 trillion held in IRAs today, a significant percentage of the assets is likely to be transferred through inheritance to non-spouse beneficiaries of all ages. Requirements for withdrawals from inherited IRA accounts can be complex so take time to understand the new rules, and consider consulting with a tax professional.
Average 401(k) Balance by Age In 2024: Benchmarking Your Retirement SavingsAugust 12, 2024 - 11:56 pm
A 401(k), 403(b), or other retirement plan is more than a savings account. Retirement savings plans are a wealth-building tool to ensure a comfortable, secure, and stress-free retirement. By understanding how age, income, and gender impact your retirement savings, you can make better-informed decisions that align with your demographic and investment goals.
Tax Policies South Florida Businesses Should Pay Attention To Ahead Of 2024 ElectionAugust 5, 2024 - 7:55 pm
Given Florida’s unique tax landscape, it’s essential for local businesses to grasp how federal-level changes can impact them. In fact, almost half of the tax leaders surveyed (44%) in BDO’s 2024 Tax Strategist Survey believe the election outcome will pose significant challenges to their business.
Money Moves To Make Before The Fed Starts Cutting Interest RatesJuly 29, 2024 - 9:45 pm
Traders expect a rate cut in September, which could lower the target range for the federal funds rate by a quarter percentage point or more. Meanwhile, many investors are sitting on hefty cash allocations, including trillions in money market funds, which are generally still paying above 5%. So now could be a good time to shift cash, experts say.
IRS Warns On Social Media Tax Credit ScamJuly 22, 2024 - 9:05 pm
In a just issued consumer alert, the IRS said bad advice is circulating on social media regarding an non-existent self-employment tax credit that is misleading taxpayers into filing false claims. In reality, the underlying credit being referred to on social media is a much more limited and technical tax credit for sick leave and family leave.