When you say, “I want to leave a legacy,” what do you mean? Is legacy about money, possessions, memories, spirituality, meaning, love, circles unbroken, the lives of loved ones and fellow humans who are better off because you were here ... what?
If you want to sell shares, figuring out how much tax you owe on the proceeds can be vexing. You need to find out what your cost basis is: What the stock cost originally (after adjustments).
This time of year marks a great moment to slow down and look at your financial progress in 2015. How are you tracking against goals you set in January, and do you have an opportunity to save more, give to a cause or reduce this year’s taxes? Examine financial goals you set earlier this year, focusing on each major aspect of your money plan.
Even though Social Security is a backbone of retirement, public ignorance about it is widespread. That doesn’t bode well for people’s retirement planning, especially because the program faces a funding shortfall within the next two decades.
An estimated $42 billion in unclaimed property languishes out there. Is some of it yours? Here’s how to find out – and get your money.
Apparently, the Federal Reserve is taking the summer off. Since so many people erroneously believe that this flawed institution is all-powerful, maybe the bank can use its idle time to come clean with the public about its limitations.
The weak U.S. recovery, which higher taxes and more regulations do not help, does not bode well for the nation and its economy going forward.
Are you tired of the ever-increasing volume of financial documents, but not sure what you can toss? What follows is a general guide of what records to keep and for how long.
As any parent knows, dependents are tax deductible. However, letting your children file on their own can create significant tax saving opportunities if you are subject to rules that limit many traditional tax breaks.
Though the ink’s barely dry on your return for 2014, getting an early start on tax planning for 2015 can save you both money and stress next April. Here are five techniques to keep in mind.
1. Tax-loss harvesting. If you already realized a large capital gains tax in 2015 or anticipate one later this year, this tactic might help. Loss harvesting involves selling an investment at a loss and simultaneously buying a similar, substitute investment.