One of the positive features of the SECURE Act, passed in 2019, was that it eliminated the restriction that if you had reached age 70 1/2, you could no longer make IRA contributions.
If you are the owner of an IRA account or a beneficiary, you need to understand the rules governing when to take required minimum distributions (RMDs). Regulations have changed regarding penalties for missed RMDs. Although the penalties starting in 2023 have been reduced, the amounts can still be very significant.
If you're like many people at tax time, you find yourself with drawers full of receipts, statements, and old tax forms, afraid that the IRS will come to get you 20 years from now. But now is the time to start the spring cleanup of your files! Jill Schlesinger of "Jill On Money" offers tips, some surprising, all wise, on what to save and what to shred.
Receiving a tax refund is exciting as long as you don't dwell on the fact that it was your money to begin with! Jill Schlesinger of "Jill on Money" shares tips on reducing your withholding if possible and using your tax refund wisely.
Retirement may seem a long way off, but it's important to plan for the retirement you desire.
Scammers are using search engine optimization (SEO) to create fake websites that appear in search results for trusted institutions like Schwab. When clients visit these sites, they are exposed to phishing attacks aimed at stealing their information and assets. How these scams work: Knowledgeable fraudsters use sophisticated techniques…
If you want to succeed in financial planning, you need to use the best-informed, up-to-date, and unbiased sources. Elliot Raphaelson shares his recommendations.
Building off the success of the 2023 tax season that saw significant improvements following passage of the Inflation Reduction Act, the 2024 filing season will continue reflecting the focus on improving services to taxpayers.
Read this Chicago Tribune article by Jill Schlesinger, a CBS News business analyst. Jill shares her insights on the unexpected success of the 2023 economy. https://www.pressreader.com/usa/chicago-tribune-sunday/20240121/281895893107569
Selecting a Medicare plan is complex. Elliot Raphaelson of The Savings Game discusses some of the important factors and sources of information that will help you avoid mistakes.