Tips for Giving to A Legitimate Charity
It is best to donate using a credit card or check. When donating online, check that the webpage where you enter your payment information has “https” in the web address – this encrypts your information. Never pay with wire transfers, gift cards or cryptocurrency.
✪ Financial Turmoil: Steps to Take Now
Inheritance tax bomb: Leaving a large IRA to adult children
When you are filling out an application for a IRA or signing up for your employer’s 401(k), one of the most important sections is completing the beneficiary section. If you are married, it is common to list your spouse as your primary beneficiary. And, if you have children, most of us list our kids as contingent beneficiaries. However, if you are approaching retirement and your children are working young adults, leaving your pre-tax retirement accounts to them might create an inheritance tax bomb.
🔨Your new paying for college tool: Savings bonds?
You likely stashed them away for your kids 15 years ago, but if your kids are now in college, it may be time to take a trip down to the cellar to dust them off.
Handling An Unplanned Early Retirement
Early retirement can sound quite appealing. But sometimes it happens unexpectedly when you are NOT ready to retire - due to illness, disability, caretaking responsibilities or a sudden job loss. With a job loss, many struggle to find new employment and may face the prospect of an unexpected early retirement, especially if they are over 50. What can you do if you face an unplanned early retirement?