One of the very worst scams committed against the elderly today is elder financial abuse, and it appears to be getting worse. Practically every day now, we read about some form of cybercrime and its effect on society in general. Ransomware attacks were made on an oil pipeline in the U.S. and a few days ago, an attack against a meatpacker in Australia.
During 2020, the number of cybercrimes reported to the FBI View full post…
Either one is an acceptable goal, but is one better than the other, or maybe you should do both? There are many opinions to the answer to this question, so let’s explore some of them. People who have created a budget and have extra cash, are sometimes faced with this dilemma.
So, should you pay off debt or invest that extra cash? A broad answer is there is no one size fits all situation. It all depends on a lot of factors surrounding your personal financial circumstances.
Using your spare cash to invest or View full post…
Being in a mature relationship is all about sharing…or is it? It generally is, until the matter of finances comes up. This topic, according to a recent survey, is where about half of the couples go in separate directions. That is, they prefer to maintain their own bank account, separate from their partner.
If you and your partner find sharing expenses a big hassle, then splitting finances might be just what works View full post…
There’s really no debate what so ever, a health savings account has many tax benefits and advantages for you and your family. If your current health insurance plan is a high deductible one, then an HSA can be used to pay your medical bills. It doesn’t end there though, there are several other valuable features that can create a lot of tax-free money you can use for retirement or some other worthwhile purpose.
There’s even a way an HSA can View full post…
2020 was a tough year for most, given the pandemic. Everyone was affected in some way, with many being affected financially. 2021 has been the year of financial cleanup. Whether you’re just starting out in managing your money, or have years of experience, we’re here to provide you with the top 5 personal finance goals to have right now and tell you how to achieve them.
Yes, for many this sounds like a daunting goal. Especially because the debt more than likely didn’t happen overnight. Depending on your situation this could View full post…
If you’re certain you will be due a refund when tax time rolls around, chances are filing your taxes will be done before the due date. However, if you’re one of many who will owe the IRS, and you don’t have the money to cover the bill, it may be a different story.
A study was done last year to find the reason why many taxpayers failed to file their tax return by the extended filing date of July 15, 2020. It revealed that 24% of that group were sure they owed additional taxes, but they were not able to pay.
Another 18% had no idea View full post…
If so, you may be surprised to know how much damage it can do to your marriage. The problem usually isn’t just short-term either…it can result in a lingering resentment. Couples that fight over money often times don’t have a money discussion before the marriage.
The American Institute of CPA’s conducted a study a few years back regarding this issue, and the results were eye-opening to say the least. They reported that View full post…
Usually when the tax filing due date arrives, most taxpayers breathe a sigh of relief. What most taxpayers don’t realize, that date will close the window for many on their ability to file a claim for a tax refund. READ THIS CAREFULLY: The IRS stated that for the tax year 2017, up to 1.4 million individual taxpayers lost their ability to claim a refund by missing the three year statute.
Those same individuals forfeited $1.35 billion in View full post…
In today’s world, many individuals are having trouble paying their bills and are dealing with stress and anxiety. Many others are just simply overwhelmed with the entire situation and don’t know where to turn. If you’re in this stressful situation, don’t despair. Just because your unpaid debt has been turned over to debt collectors, you still have some measure of control.
A debt collector is usually some third-party organization who is paid to View full post…
There are many U.S. citizens who live and work part or full time in a foreign country. At some time, they will be faced with the taxation on the sale of a foreign home when they decide to move back to the USA. Many, as well, have enjoyed the balmy weather of Southern France, but miss the View full post…
