How Retirees Can Brace for a Recession
Recessions can be a frightening thing to think about. We've heard horror stories of recessions past and families driven to poverty because of a swing in the economy. It isn't something that we all spend much time thinking about, but it is certainly a possibility. For...
Can You Still Lower Your Taxes During Retirement?
Throughout your life, you receive tax deductions for any money you contribute to your retirement accounts. The problem is that according to the law, you have to take the money out starting at around age 70½. This is taxable income, so you will have to pay taxes on it....
Planning for a Successful Financial Journey in College
As high school seniors wrap up their last year of school at home and look ahead to college, they should also be thinking about their financial futures as they embark on this new season in life. Now is a good time to begin having the all-important financial talks with...
Financial industry outlook: 2018 and beyond
Trends show that in 2018 and beyond, the financial industry will continue to experience rapid and even fundamental changes. The forces of globalization and technology have already pushed the financial industry into many uncharted territories. Money flows faster than...
Budgeting advice for new homeowners
Buying a new home can be equal parts exciting and terrifying, depending on your unique situation. With regards to the latter, budgeting for your new home typically stands as one of the most stressful aspects of new homeownership. You may find yourself faced with a...
Three Quick Ways To Improve Your Personal Finance Skills
Personal finances are not the strong suit of many consumers. This is largely because there isn't much exposure to the topic unless it is a discipline studied in college or at another institution of higher learning. Unfortunately, not knowing some of the most basic...
Avoiding common tax day mistakes
Mistakes are a common issue with regard to filling out tax forms. If you're in the process of filling out your tax return before the deadline, here are some common tax day mistakes and how to avoid them. Math Errors One of the biggest complaints regarding preparing...
Tips for year-end tax planning
There are many steps consumers can take to potentially reduce their tax liabilities, increase deductions, or qualify for tax credits. The following are easy year-end steps that can be taken before December 31 to help increase tax breaks. #1. Reevaluate your bad...
How to Create an Effective Budget
For many Americans young and old, it is often difficult to create and stick to a budget that is guaranteed to aid them in meeting their financial goals. This could be blamed on many factors, such as impulse buying, overpaying for everyday goods and services, eating...
Employee weaknesses you may be overlooking
As a business leader, you will likely have to oversee and manage the daily work of a variety of employees. This role will require you to encourage these workers to constantly learn, apply what they have learned, and adapt to changes and unexpected challenges along the...