When you read about how many problems the IRS faces these days, you might conclude that it’s easier to “get one over on them” and therefore play it fast and lose when you file your next tax return. The IRS is facing challenges but don’t think for a minute that the rooster has left the […]
How To Avoid Recently Remarried IRA Beneficiary Woes
If you’ve recently remarried you have to be really smart about your IRA beneficiary choices. First off, you might feel pulled in different directions. Of course you want to show the financial love to your new muffin cake. But if you have children from a previous marriage, you want to show up for them too. […]
Taking Money Out of an IRA Penalty-Free – 7 Ways
If you are interested in taking money out of an IRA penalty-free, there are a number of ways to do this. But first let’s see why it’s so important to stick to the IRA rules. Let’s say you have $3,500 in credit card bills that you want to pay them off with IRA funds. If […]
What to Do If You Made an Error on a Tax Return You Already Filed
Have you ever filed a tax return only to realize later that you made a mistake? Maybe you got a late or corrected 1099 or W-2 after you signed, sealed and delivered your return. Maybe you underestimated the tax liability on your mutual funds or sale on property. Whatever the reason, the last thing anyone wants is […]
Military Retirement System – Big Changes Coming
The following is a guest post from Spencer from Military Money Manual. Spencer has a fantastic site structured to help our men and women in uniform make the most of the their finances so they don’t have to worry when they have more important things on their mind – like protecting our country. Thanks Spencer….and […]
The Overlooked Danger Every IRA Owner Faces
There is a very high likelihood that your retirement accounts are in big jeopardy – and I don’t mean the TV show. That’s true even if you’ve selected the right beneficiaries. The problem I’m talking about is your ability to tap that money should you become incapacitated. If you become disabled and are unable to […]