Beating Debt When Money Is a Mystery to You

Managing money is not an easy thing to master. Nobody is born knowing exactly how to handle their finances. Many of the skills associated with good money management are learned over time. And, in our increasingly complex world, it’s no wonder many adults still feel that money is a mystery to them. After all, most of us are busy dealing with day-to-day demands like work and social obligations. For...

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Posted in: Personal Finance

New Tax Laws Should Lower Your Odds of Being Audited

tax audit
The recent Tax Cuts and Jobs Act (TCJA) represents one of the biggest changes to the tax code in many years. Will the Internal Revenue Service be up to the challenge of enforcing these changes? For the last five years, the IRS has been examining fewer and fewer returns. In calendar year 2016, 1.1 million tax returns were audited (0.5 percent of all returns), down from approximately 1.7 million returns...

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Posted in: Personal Finance

Only 37% Of Millennials Have Retirement Accounts

millennial retirement
Who’s thinking about retirement when they’re young? Only about a third of millennials have retirement accounts. They’re typically not a priority for young workers – but they should be. That’s precisely the time to take the greatest advantage of compounding interest by contributing as much as your fledgling budget can afford. A new study from the University of Missouri suggests...

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Posted in: Personal Finance
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