Opening and contributing to an IRA requires a lot of nuanced decision-making. And it isn’t just about making choices, it’s about understanding why one option works better for your financial plan.
When it comes to building wealth, your 50s are the prime of your life – a period when you have a chance to emerge from debt, enjoy your peak earning years and start to see your investments make a serious contribution to your net worth.
There are numerous ways to prepare and file income tax returns free of charge — but the variety of features and qualifying criteria is dizzying.
Time Inc. launches Coinage, a new video-first brand covering personal finance that runs across 22 Time Inc. sites. Coinage will feature 600 short-form videos throughout 2017 to help guide everyday choices consumers make in spending, saving and investing for themselves.
The best way to reap the benefits of index funds — instant diversification, low-costs, the ability to create a well-balanced portfolio with just a few funds — is to keep it simple
For information or help with your federal and state taxes check out the Library’s Tax Resources page.
From a personal finance perspective, here are a few key indicators that you have the resilience to prepare for the four-letter word “life” in 2017.
529 plans are a benefit that lets you put money in a savings account that grows tax-free as long as the money is eventually used for qualified higher education expenses like tuition, room and board, etc. Here’s a podcast that tells you what you need to know.
The Achieving a Better Life Experience Act (ABLE) created a tax-advantaged account for people with disabilities, similar to a 529 plan for college. Money in an ABLE account grows and can be spent tax-free on qualified expenses such as medical treatment, transportation, housing, education and assistive technology.