Investing Strategies

Tetra Images | Tetra images | Getty Images Next year’s tax return is probably the last thing on most Americans’ minds right now. With millions of individuals and business owners still dealing with their taxes for this year, next year can wait. “The financial industry, and the whole country, has compliance fatigue,” said Ed Reitmeyer,

MoMo Productions Parents may soon start getting monthly payments from the IRS, due to a recent change to the child tax credit. IRS Commissioner Charles Rettig said Tuesday that the agency was on track to start issuing that aid in July. Here’s what taxpayers need to know about the tax credit and income stream. Child

Tanya Constantine | Tetra images | Getty Images For a while there, it looked like tax season might not deliver the usual refund euphoria that a majority of Americans have become accustomed to receiving each year. With so many people drawing unemployment benefits last year and changes around tax withholding meaning less is being pulled

Luis Alvarez | DigitalVision | Getty Images Ivory Johnson was one of the many financial advisors who were forced to pivot quickly when the pandemic hit the U.S. more than a year ago. In a business that is often relationship-driven, Covid largely put a halt to in-person meetings for advisors, including Johnson. However, the shift

Ariel Skelley | The Image Bank | Getty Images With age comes increased frugality. As people reach retirement age, it’s been common practice to get rid of what you don’t need, including personal items, extra expenses and oversized, hard-to-manage properties. For years, the average American retiree has charted a predictable course through retirement, choosing smaller,

Jim McGuire | Getty Images When faced with a quiz on Social Security claiming rules, many people who are on the brink of retirement fail. MassMutual recently gave a 12-question true/false quiz to 1,500 people ages 55 to 65 who have not yet claimed their benefits. Just 3% of the respondents were able to answer

aldomurillo | E+ | Getty Images Retired, vaccinated and ready to hit the road? Don’t forget to check whether your Medicare plan will travel with you. While coverage when you’re away from home depends partly on where you’re headed, it also hinges on the specifics of your coverage. Whether the care you receive is routine

Getty Images A fourth batch of more than 25 million $1,400 stimulus payments has been sent, and this time Social Security beneficiaries received most of the money. The IRS announced on Wednesday that new stimulus checks totaling more than $36 billion had been issued. Those payments began processing on Friday, April 2, and had an

Sawitree Pamee / EyeEm | EyeEm | Getty Images The recent ascent of bitcoin and other cryptocurrencies has enriched early investors with returns more akin to the lottery than your typical bread-and-butter investment. After all, a $10,000 investment at $100 per bitcoin would currently be worth an estimated $5 million. Of course, when an asset

bymuratdeniz | iStock | Getty Images That early withdrawal from your retirement account last year may have been a life saver. Now, it’s time to start paying the taxman. Most retirement savers did not take a distribution under legislation that authorized penalty-free early withdrawals amid the pandemic. However, for those who did, the majority (69%)