Fewer things are more reliable than Tax Day, even if the deadline has shifted around a bit in recent years. This year, it’s April 15th for most taxpayers, and recent legislation changes include substantial increases to standard deduction amounts and modifications to itemized deductions. Also, if you’ve reached age 73 in 2024, you generally must start taking withdrawals from your qualified retirement plan. Your Required Minimum Distribution (RMD) will be reported as taxable in

Saving money is a bit like eating healthy; you know you should eat your veggies, but it's hard to resist indulging in something more fun. Like making healthy choices, a tax refund can present the opportunity to splurge. But, more importantly, it's a chance to put yourself in a better financial position. If you're getting a refund from the IRS, here are some ideas on how to use it for your long-term benefit. Boost or replenish your emergency fund. An emergency fund can cover

While it may be hard to think of now, it’s likely you’ll need some type of healthcare or daily living assistance as you age. People often believe that Medicare covers long-term care (provided either at home or in a nursing facility). Unfortunately, that’s not the case. Medicare doesn’t cover assisted living, skilled nursing, or long-term care. Paying for this type of care out-of-pocket is tremendously expensive and can deplete a lifetime of savings in a flash. As an alternati