It's permanent at last! The PATH Act of 2015 permanently extends the IRS provision that allows individuals who are at least 70 1/2 to make tax-free distributions to qualified charities from their IRA. [...]
The Internal Revenue Service Code allows U.S. taxpayers to deduct charitable contributions of money or property made to qualified organizations as long as they file an itemized tax return. The general rule is [...]
If you're age 70½ or over and have a Traditional, Rollover, SEP, or SIMPLE IRA, you're required by law to take Required Minimum Distributions (RMDs) annually. For the past seven years, up to [...]
There are certain advantages to financing life insurance premiums for new or existing policies. Here are 5 points to consider. Premium financing allows you to: -> Acquire new life insurance coverage or fund [...]
Try one of these 5 suggestions to increase your tweenager's financial literacy. 1. When your tween receives a monetary gift, discuss spending versus saving then open a bank account. Whether your child is [...]
What caused the substantial increase in market volatility over the past week? It appears that investors were spooked by the economic slowdown in China, but regardless of the cause, the effect caused a [...]
Which is more effective for increasing your family’s overall wealth: A. An increase in your investment portfolio or B. A reduction in your taxes? The answer is often B: a reduction in taxes! [...]
Have fun teaching financial concepts to your children. Try one of these 5 activities. 1. Discuss the simple concepts of how money is earned (Mommy and Daddy go to work each day) and [...]
On September 1, 2015, Texas joined the the majority of states that recognize “transfer on death” (TOD) deeds. By filing the deed while alive, Texas real estate owners can transfer their property after [...]