Making a charitable donation has never been easier. It seems that every day we are bombarded with requests to help with disaster relief, political causes, animal shelters, local schools, etc. Before you take the plunge to give a year-end gift, get some tips about getting the most from your gift and how donating can actually benefit your mental well-being.
Between holiday gatherings, last-minute shopping, and making that cherished batch of grandma’s ginger-spiced cookies, this can be a busy time of year. But it’s worth setting aside time to review your year-end financial picture. Here are three things to think about.
An employer-sponsored retirement plan is an essential perk as you change jobs throughout your career. But what happens when you start collecting a string of 401(k) plans? Here’s what you need to know before rolling over your plan.
In estate planning, trusts can be established to easily transfer assets to heirs. With the right setup, assets in a trust can avoid probate and taxation, and immediately pass from the original owner to the heirs. That’s all well and good, but what type of trust is best for you?
People often set up a trust to reduce estate taxes, avoid probate, and seamlessly transfer their assets to heirs. Once you determine the type of trust you need, hire a qualified estate planning attorney to help you set it up.
As the leaves change color and the temperatures drop, it’s time to decide how you’re going to spend the rest of the money in your health FSA (flexible spending account), if you still have some left. Here are some ideas.
Strategizing for “maximum” Social Security benefits has lost some of its cache now that Congress eliminated loopholes married couples could use. Today’s Social Security claiming strategies are more based on fully understanding the program as you prepare for retirement and making appropriate decisions.
While smart saving is a key component of retirement planning, wise spending habits are just as important. After all, isn’t retirement about finally getting to enjoy the fruits of your labor? In life, spending is inevitable. Spending thoughtfully, on the other hand, is a choice.
If your career path took a career break and you’re now considering returning to work, you may be wondering how to re-enter the professional world. Relaunching is more common than you might think. Heading back to work can help fill the gap in your resume and your retirement savings. Interested in making the most of the money you’ll earn after you land your new job? Read on.
Spending in retirement is a balancing act. How do you celebrate the fruits of your labors while being careful not to put yourself in financial jeopardy down the line? A few simple online tools can help you start your journey.
The only certainty of life is death and taxes…and then more taxes. Because after a death, there’s a variety of taxes due, some of which mirror the living (income tax) and others that are specifically for those who have passed on (estate tax). Find out what you have to do when the final tax bill comes due.