Got Retirement Questions? Chat with an Expert for Free on Feb 7 and Feb 12
Kiplinger magazine and the National Association of Personal Financial Advisors (NAPFA) are teaming up for the annual Jump-Start Your Retirement Plan Days to bring you free one-on-one personal finance advice. NAPFA members (including me!) from across the U.S. will be standing by to answer your...
Fiscal Cliff Averted, For Now…
In true Congress style, a deal was passed at the last minute to keep the US from going over the fiscal cliff. On Tuesday night the House passed a bill that will extend the Bush tax cuts for most of Americans, extend unemployment benefits, and delay spending cuts. Unfortunately, the bill left a lot...
Tis the Season – Things to Know Before Filing Your Taxes
Everyone loves a good tax tip. And now that tax season is in full swing, the IRS and other experts have started to issue tip after tip after tip. Here's a recap: Getting a jump on your taxes long before the April deadline is the best tip of all. To do so, the IRS recommends gathering your records...
A Brave New Financial World for Baby Boomers
On any given day, you will find not one but several studies that examine the current state of affairs for Baby Boomers, the 77 million Americans born between 1946 and 1964 that are now slowly approaching retirement. And what's emerging is an interesting, though at times bleak, picture of one of...
Yes You CAN Donate Your 2010 RMD to Charity!
Good news for charitable IRA owners over age 70 ½… the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, signed last week by President Obama, extends the ability to give up to $100,000 directly from your IRA to a charitable institution, tax-free. Furthermore,...
President Obama Expected to Sign New Tax Bill Today
“We had a responsibility to protect middle class families from a tax increase that would have hit their paychecks and harmed the recovery” – Treasury Secretary Timothy Geithner statement after the House passed the newest tax bill last night. Nothing like waiting til the last minute… Financial...