When life throws a financial curve ball your way — and the funds you have on hand just don’t cut it — your retirement account may seem like a viable option to help make ends meet. However, early distribution of retirement funds comes at a cost. Before …
Cedar Rapids, Iowa — Feb. 18, 2020 — TaxAct is giving customers free access to a proprietary tax-analyzer that suggests how to get bigger refunds while adding to their retirement savings. The software tool, called My Tax Plan, is free to all online Ta…
When bills and other short-term financial goals dominate your budget, retirement contributions tend to fall by the wayside. How can you possibly focus on retirement when you have all of these other expenses?
Plus, is it really necessary t…
One of the best financial moves you can make is to open a retirement plan and consistently contribute to it.
Getting an early start means decades of compound interest working in your favor as a result of your contributions, and, in many c…
We all slip up when it comes to handling money. But sometimes small infractions we think are no big deal, end up becoming mistakes that sabotage our long-term wealth. Be careful not to make these five mistakes.
1. Carrying debt
Debt, espe…
We all know how important it is to save for retirement. If you’ve started contributing to a retirement plan, at work or on your own, the next thing you’ll want to know is how to deal with it on your tax return.
Fortunately, entering retirem…
With tax season coming soon, you may wonder how you can reduce your taxable income. One smart place to start looking is your 401(k) plan.
The 401(k) plan was passed by Congress in 1986 to help employees save money for retirem…
Who doesn’t love a good refund? There’s the kind you get when you return a shirt to the mall or complain because the Wi-Fi wasn’t working on your cross-country flight. And then there’s the kind that can really make a difference in your annual budget an…
