Parents are often more than happy to offer financial advice to their kids. They like to feel needed and want to make sure you’re on solid financial ground. But it’s important to turn the tables and ask about their financial plans, too. Are they saving for retirement? Have they updated their will? What’s their plan for … Continued
Hiding your income tax refund in your sock drawer may feel handy, and locking it in your safe may feel secure, but putting it in the right savings or investment vehicle will make it grow. Americans expecting a refund on their 2018 federal income taxes anticipate they’ll get $1,861 back, on average, according to a new … Continued
Like death, taxes remain uncertain. But they’re now on sale. Under the new tax laws, individual tax rates are broadly lower and the standard deduction — which directly reduces your taxable income — is nearly double what it was. A taxpayer who previously fell into the 15% tax bracket is now taxed at a 12% rate. … Continued