Search Results for: ira accounts
Divorce & IRA Accounts
During the course of a divorce, any assets you and your spouse had will need to be divided. With the help of your lawyers or a mediator, you will decide who gets what property, how to divide your savings and how to divvy up the retirement accounts. Splitting up the 401(k)s and the IRAs is a bit trickier than simply dividing a regular savings account.
IRA vs 401k
There’s no doubt that you need to save your money for retirement, but you may wonder whether it’s better to save your money in a 401k plan or in a Individual Retirement Account. Each type of savings plan has different advantages and disadvantages. The key is to think about what’s important to you and invest accordingly.
Avoid the April 15th Mad Dash With This Tax Prep Schedule
In eight short weeks, whether you like it or not, your tax return is due. Dont let it sneak up on you. Theres no reason tax time has to be a stressful flurry of last-minute preparations capped off with a sprint to the post office (or accountant). If you take a few little steps each week, youll be pleasantly surprised at how much easier it all comes together on April 15th. But, unless youre a financial-type, you may not be sure how to break down such a daunting task. That is why weve put together this tax prep schedule. Although it may seem like a lot of steps, the average appointment on the following list should take you no more than sixty minutes to complete and many may take less than five. Stick to this schedule and youll be more likely to make it through this tax season gauntlet mistake-free and with sanity in tact.
Why You Should Absolutely Avoid the “Bank Glitch” Trend: Protect Your Financial Future
As a mom of three and a financial advisor, I’ve seen firsthand how essential it is to teach kids about budgeting, saving, and financial responsibility. Equally important is educating them on what not to do, and here’s a prime example: a dangerous trend is circulating on social media, encouraging people to exploit a supposed “bank glitch” to withdraw free cash from ATMs. While this may seem harmless in viral videos, it is actually bank fraud and can lead to serious legal trouble for you or your kids.
1 in 10 Young College Graduates is ‘Idled’—What Parents Need to Know and Tips to Help
Last night a parent friend called me and talked about her older son moving home, and having a hard time finding work. After working hard on a degree in BioEngineering, he realized his true love was in the theater arts, but he also knew he needed to find work to support himself. So, for now,…