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Worried About a Tax Audit? Here are the IRS Audit Red Flags

Are you worried about being audited? The fear may be overblown as only 0.86% of taxpayers had their federal returns examined in 2014. Last year, 7.5% of millionaires had their returns scrutinized. Much of this is down to low staffing … Continue reading

Best Practices When Passing Wealth to Children

Some millionaires are reluctant to talk to their kids about family wealth. Perhaps they are afraid what their heirs may do with it. In a 2015 CNBC Millionaire Survey, 44% of families having at least $1 million in investable assets … Continue reading

Warning: Don’t Make These Financial Mistakes

Americans do many things with their money and invested assets, most of them on the up and up. There are exceptions, however – cases in which people unintentionally break the law, flirt with illegal behavior, or pay federal tax penalties … Continue reading

What Makes a Good Home + Auto Insurance Policy?

Have you thought about bundling your insurance? You may want to consider that, as insuring your house and vehicles with the same carrier could save you some money. Most people buy insurance without doing much homework. That holds true for … Continue reading

What Does Inflation Have To Do With Investing?

America once experienced something called “moderate inflation.” It may seem like a distant memory, but it could very well return in the second half of this decade. A remote possibility? Most economists think the Fed will start raising interest rates … Continue reading

Do You Need Life Insurance?

Life insurance is hard. It’s hard to know if you have the right kind. It’s hard to know if you have enough. And it’s hard to know if you need any at all. The insurance companies have made it even … Continue reading

Saving For Retirement

If life has not allowed you to build substantial retirement savings, what can you do to improve your retirement prospects? Here are some suggestions. Play catch-up. If at all possible, take advantage of the catch-up contributions the IRS allows you … Continue reading

Money Mistakes

Between the ages of 40 and 60, many people increase their commitment to investing and retirement saving. At the same time, many fall prey to some common money blunders and harbor financial assumptions that may be inaccurate. These errors and … Continue reading

Why You Should Never Take a Loan from Your Retirement Plan

Thinking about borrowing money from your 401(k), 403(b), or 457 account? Think twice about that, because these loans are not only risky but injurious to your retirement planning.    A loan of this kind damages your retirement savings prospects. A … Continue reading

Long-Term Investment Truths: Key Lessons for Retirement Savers

You learn lessons as you invest in pursuit of long-run goals. Some of these lessons are conveyed and reinforced when you begin saving for retirement, and others you glean along the way.     First & foremost, you learn to shut … Continue reading