[youtube https://www.youtube.com/watch?v=BQS6bXbZXtM]In the world of millennials, it often times seems hard to look forward because of the mountain of student loan debt and credit card balances that consume much of a monthly budget. But the fact is, it is extremely important to look ahead – five, even ten years – because like it or not, time [...]
[youtube https://www.youtube.com/watch?v=FijLwZjy7pE]Investing is undertaken by millions of Americans every year. The vehicles most often used to invest in the stock market are mutual funds and retirement plans. But so often investment strategies are riddled with mistakes. One of the most common mistakes? Paying extra but not getting extra. Even if you don’t pay for a financial [...]
With hurricane season underway, the Internal Revenue Service is reminding taxpayers that criminals and scammers often try to take advantage of the generosity of taxpayers who want to help victims of major disasters. Hurricane season runs June 1 to Nov. 30, and taxpayers need to be vigilant of scams that will undoubtedly pop up when and [...]
[youtube https://www.youtube.com/watch?v=_Iqf9FpfOjw]A 529 plan is a specialized investment account that was created to help families save for future college expenses. This can be for a traditional 4-year college or university, or even a community college. The tax benefits of these accounts are undeniable. Much like a Roth IRA, the money in these accounts grows tax-free throughout [...]
Taxpayers who owe tax and file their federal income tax return more than 60 days after the deadline will usually face a higher late-filing penalty. For that reason, the Internal Revenue Service urges affected taxpayers to avoid the penalty increase by filing their return by Thursday, June 14. Ordinarily, the late-filing penalty, also known as the [...]