Helpful Tax Deductions for Seniors

The Standard Deduction Is Most Common, But What Else Should You Be Taking Advantage Of? Sometimes seniors miss out on viable tax deductions that might help save them money or increase the value of their annual return. The most common applied deduction is the standard deduction, which nearly doubled for 2019. This year, singles can claim $12,000 in the standard...

Why You Need a Survivorship Life Insurance Policy

Make Estate Planning Easier With a Survivorship Policy A survivorship life insurance policy, also known and referred to as a “second-to-die policy,” can have significant benefits when it comes to estate planning. While most life insurance policies cover a single person, survivorship policies cover two, usually married couples or domestic partners. These policies aren’t for everyone, but they do have...

Does a Debt-Free Retirement Appeal to You?

5 Things to Do Right Now for a Debt Free RetirementLots of people have thoughts of the ideal retirement in the back of their minds. Being able to save enough to live comfortably can be important for a peaceful and prosperous future. Whether you have several years until retirement or you’re already there, if you haven’t already, today is...

Prescription Costs Too High? This Could Be Your Best Bet for Savings

Get Lower Out-of-Pocket Costs With a Prescription Savings CardKeeping up with health care costs can be challenging. The rising price of medications and office visits can throw any budget out of whack. One way to sliver some dollars off of these rising expenses is to use a savings card to help curb prescription drug costs. Check out how this...

What You Need to Know About the New 401K and IRA Contribution Limits

You Can Contribute More In 2019, But How Much?Many people frequently contribute to a retirement fund each year, whether it's a 401(k) or one of the three types of individual retirement account (IRAs). But like most good things, there are limits. In this case, the limits are placed on how much each person can pay into their accounts each...

You Can Give Away This Much Without Triggering the Gift Tax

Up to $15,000 Per Person Per Calendar Year (2018-2019) Is Safe From the Gift TaxMany people choose to gift assets to members of their family (or even friends and partners) over the course of their lives. Usually, this is part of their financial planning efforts. While it can be a great way to distribute wealth and avoid paying estate...

5 of the Best Retirement Locations in the U.S.

When It’s Time to Retire, Consider These Locales For Your Golden YearsThe culmination of your career can be an exciting time. You’re looking forward to retirement and focusing on everything you love or even just a bit of relaxation. You might even be considering a move --- to be closer to family, in a sunny location, or even just...

This May Be the Best Way to Give to Your Favorite Charities

Giving Is Good for the Soul, It Can Also Be Good for Your Bottom LineCharities around the world, whether focused on people or animals, all rely on contributions from donors to keep their operations running. Gifts of cash, property and other assets are commonly donated, but what if there was a better way to get more bang for your...

5 Apps You Can Use to Get Paid for Regular Spending

Get Paid to Shop? Yes Please!Some of us love to shop so much we see it as a fun hobby — others of us, not so much. But the one thing we all have in common is that there are some things we just have to shop for whether we want to or not. Since this is the case,...

4 Ways to Get Retirement Money Out Early Without the Penalties

It’s Your Money, Access It Without Penalty! Saving up for retirement is something that everyone should plan for, but sometimes unexpected situations may arise that require you to pull out your funds early. The problem is if you do withdraw your money from your retirement or pension plan before retirement age, chances are you’ll face added penalties and taxes when...