Personal Finance

Savers need to be strategic when using health savings accounts for retirement, according to Titus. Individuals who retire before age 65 when they are eligible for Medicare will have health care premiums to pay. That can be done through their health savings accounts, in addition to covering other health care expenses, Titus said. “You’re doing
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Getty Images House Way and Means Chairman Kevin Brady (L) (R-TX) and Speaker of the House Paul Ryan (R) (R-WI), joined by members of the House Republican leadership, introduce tax reform legislation November 2, 2017 in Washington, DC. Times are about to become more complicated for single parents and their kids if the GOP tax
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Mitchell Leff | Getty Images Graham Betchart has worked with Ben Simmons (pictured) of the Philadelphia 76ers as part of his work as a mental coach to top NBA players. NBA star Ben Simmons has some choice words for the NCAA. Born in Melbourne, Australia, Simmons came to the U.S. to play professional basketball but,
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A controversial proposal in the Senate tax bill could put individual investors on the hook for a bigger tax bill when selling investments. The proposed change, which originally would have hit both individual investors and mutual funds, sparked a backlash from the fund industry. As a result, the Senate Finance Committee has eliminated mutual funds
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Shoppers should keep that average discount in mind as they hit the stores and online this week, according to WalletHub analyst Jill Gonzalez. “If you see something that is marked down as less than 37 percent, you might not be getting a true Black Friday deal,” Gonzalez said. The top three areas where Black Friday
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Read the fine print before buying network-branded gift cards such as those from Visa, Mastercard and Discover, WalletHub said. They come with purchase fees and can have inactivity fees if they’re not used often. And if you’ve waited until the last minute, consider purchasing an e-gift card. Horne said the beauty of gift cards is
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When it comes to teaching your own children, the secret to success comes down to imparting two life lessons, according to Adrienne Penta, co-founder and executive director of the Center for Women & Wealth at Brown Brothers Harriman: delayed gratification and autonomy. Teaching kids to strengthen their willpower and giving them age-appropriate independence when it
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The website of Generosity, a platform for “socially conscious fundraising” owned by Indiegogo, states that donors should contact campaign organizers to determine if donations are tax deductible. The website advertises campaigns that claim to benefit registered nonprofits alongside campaigns that make no such claims. Donations can even create unintended headaches for recipients. If a beneficiary
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Getty Images Members of the Houston Texans kneel during the national anthem before the game against the Seattle Seahawks at CenturyLink Field on October 29, 2017 in Seattle, Washington. Professional sports leagues like the National Football League will not have tax-exempt status if the current version of the Senate tax bill goes through. Professional football
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