529 plans are an excellent tool for saving for college. Learn how they interact with financial aid calculations and plan to help optimize financial aid outcomes.
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.
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.
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
Confused about Social Security and IRA benefits under certain life circumstances? Find answers from The Savings Game.
Retirees are surprised to dind as much as 85% of their Social Security benefits could be taxable., depenings on their amount of provisional income, which includes half of their Social Security benefits plus other sources that contribute to adjusted gross income (AGI), such as wages, dividends, and capital gains.
Schwab and TD Ameritrade continue to make great progress on the integration of the two firms, with an anticipated transition date of September 5, 2023.
Slott says a traditional IRA is an IOU to the IRS, so he believes in looking for alternatives.
“The last time there was a decline in confidence of this magnitude was in 2008 during the global financial crisis,” the RCS found.