Tamara E. Holmes from AARP shares helpful information when it comes to creating a strategy in an uncertain enviroment. The economic uncertainty brought about by the COVID-19 pandemic might have you thinking about pausing retirement contributions, but 2020 changes to contribution rules could make this the perfect time to take advantage of an individual retirement account (IRA).
Between constantly rising bills and expenses and the omnipresence of the American “buy-now” culture, it can be hard to set aside money for things like emergency funds and retirement savings. John Csiszar shares 5 common thoughts many have about saving for their futures. The good news is that saving and investing doesn’t have to be complicated. In fact, if you can talk yourself out of some of the most counterproductive money beliefs, you’ll find yourself on the path to success in no time.
As tax season approaches, it’s important to know how to maximize your return. Ethan Rotberg of Yahoo!Finance goes through 10 deductions you can’t claim when doing your taxes this year. If you’re eager to start combing through your documents looking for deductions, remember that some common tax breaks were removed by the 2017 tax law, officially called the Tax Cuts and Jobs Act.
Maurie Backman of The Motley Fool, explains that If you’re not careful, these 3 rules and features could really come back to bite you. Millions of seniors rely heavily on Social Security to make ends meet. If you’re planning to do the same, you should know the ins and outs of how the program works. If you don’t, you may get caught off guard by some of Social Security’s rules and nuances, like these.