You work hard. So, make it easy on yourself to save money. Work, bills, balancing family and friends: you probably have a lot going on. And figuring out how to save money can be hard. So, start small. The important thing is to just get into the habit of saving now. (more…)
This Year National Tax Day is April 17.
Since 1955, for those living in the United States, Tax Day has typically fallen on April 15. This year April 15 falls on a Sunday and the following Monday is a federal holiday–Emancipation Day, the day in 1862 when President Lincoln freed the slaves in the nation’s capital. These two events push the tax deadline out to Tuesday, April 17.
The new tax reform package recently signed into law by President Trump started in Congress as a strong storm of change for retirement plans but by the time of passage ended as a whimper. Ironically the bill moved so quickly through Congress last minute changes were handwritten on the bill itself as it moved to the floor for votes. Even the name “The Tax Cuts and Jobs Act” was removed just before passage due to Senate procedural rules. The bill is now known as H.R.1. Only a few technical changes survived to the final bill. Following are the two main highlights: (more…)
With Hurricane Harvey making landfall in the Gulf Coast of Texas, it has brought both windstorm and flood damage to thousands of residents. For those who do not have federal flood insurance, their homeowner’s insurance most likely will not cover flood losses to their primary residence. But residents should know there may be another option for assistance: a hardship distribution or loan.
When it comes to your life and financial security, ignorance is definitely NOT bliss. There are too many instances of scams, hacks, identity thefts, lack of retirement planning, etc. that can often have a catastrophic impact on consumers. The Federal Trade Commission (FTC) is a great source that dives into ways consumers can be more protective.