You can be generous with your loved ones during the gift-giving season without running afoul of the rules. One way many individuals try to avoid estate and inheritance taxes is to give money away during their lifetime, effectively reducing the wealth that will be subject to federal taxes when it’s passed on to heirs. This
Purchasing a life insurance policy is an important step toward protecting your loved ones from financial uncertainties. There’s no way to say accurately how much money your family will need to replace the financial support you provide in the event of your death. But it’s smart to think carefully about the future expenses they may
During National Medicare Week (September 21-27), take time to learn about this important program for covering your future health care costs. Medicare is essential for many older Americans, helping them cover the costs of many necessary health care services. You have to be 65 to enroll in Medicare, but that doesn’t mean you should wait
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Don’t let a job loss derail your financial future. Consider these steps to help you stay on track to your long-term goals, even when short-term unemployment happens. Unemployment is often unplanned and stressful—and can lead you to make rash decisions that have a lasting impact on your financial future. Job losses can come with feelings
Early withdrawals from retirement accounts are not only costly, but they can also disrupt your financial future. Think about the long-term consequences before you tap your 401(k) for an emergency expense. Your 401(k) account is designed to help you build a nest egg for retirement, but you may tap it for other purposes. If you’re
A few astute moves could help promote a better after-tax return. As you weigh risk vs. return, you may risk taking an eye off taxes. A focus on tax efficiency could help you improve the effective yield from your portfolio. You can try to cut or delay taxes linked to investing. Consider placing the most
