Some data suggests that divorce rates in the U.S. have been falling in recent decades. Whether this is accurate or not, many people face the difficult challenges that come when their marriage ends. Getting a divorce is a painful, emotional process. Don’t be in such a hurry to reach a settlement that you make poor […]
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Planning for retirement can be slightly different for women. Although things are changing, women are still more likely to serve as caretakers, and as a result, they earn less income and benefits due to their time away from work. A 2019 Pew Research study showed that 39% of women took a significant amount of time
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You should pay all taxes due – but not a penny more! You can then help others with the excess – how you decide. Many taxpayers regularly overpay because they fail to take tax deductions for which they are eligible. Here are some overlooked opportunities to mitigate your tax bill. Reinvested Dividends: When your mutual fund
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Many parents encourage their children to work so they can learn the values about work and managing money. But do they need to file a tax return for the money they earn? The IRS does not exempt anyone from the requirement to file a tax return based on age, even if your child is declared
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March 1 2021 The Markets Students of financial markets may have noted a historically unusual event last week. On Thursday, the yield on 10-year U.S. Treasury notes briefly matched the dividend yield for the Standard & Poor’s (S&P) 500 Index. This type of convergence is uncommon. In normal times, the yield on 10-year Treasuries tends
The recent short selling activity in GameStop has motivated some to become new “investors” because of the idea of making fast money through such trading. However, many are unaware of the dangers of short selling, along with the tax implications that come along with any potential quick profits. One of the dangers in short selling
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There is a lot to consider when preparing for your retirement – and it can be overwhelming for some. Saving, investing, medical costs, and making sure you have sufficient income for years to come is just the start. One question many people ask is: “Should I pay off my mortgage before I retire?” The answer
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The Markets It’s not a black diamond ski run yet, but the yield curve for U.S. Treasuries is steeper than it has been in a while. A yield curve is the line on a graph showing yields for different maturities of bonds. Yield curves provide insight to bond investors’ perceptions about the economy. There are
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Certain red flags could increase your chances of getting the attention of the IRS. Luckily, the chances that your tax return will be chosen for an audit are very low. The IRS audited les than 0.5% of all tax returns in 2019. The majority of exams were by mail, which means that most taxpayers never
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