Each year the IRS identifies the top dozen tax scams taxpayers should watch out for.

Thanks to the One Big Beautiful Bill Act (OBBBA), up to $25,000 in tips may be earned free of income taxes (Social Security taxes will still have to be paid).

According to a recent item in The Wall Street Journal, there are more than 16 million Americans over age 65 who are living alone.

Charitable giving by Americans grew by 6.3% in 2024, to a record $592.50 billion, according to the latest report from Giving USA.

Thoughtful planning may create a lasting legacy.

Think you might be a candidate for a living trust? Anyone with a substantial portfolio should consider a trust and the benefits of professional trusteeship.

Is a Roth conversion right for you? The decision to implement this strategy depends on your specific situation and goals.

Imagine your elderly friend or family member receiving a heartfelt call. The voice on the other end claims to be their loved one, urging them to act quickly to avoid financial disaster. This is the all-too-familiar scenario where criminals use Elder Financial Exploitation (EFE) to prey on vulnerable individuals, often in their later years when …

According to a 2024 research report from the Investment Company Institute, 62% of U.S. households have Individual Retirement Accounts (IRAs) that have been funded with rollovers from employer plans. An estimated $595 billion worth of such rollovers occurred in 2020. Care needs to be taken that these transactions are handled properly to avoid unexpected tax …

Parents who are building a college fund for their child or children have two tax-advantaged alternatives, the 529 plan and the Coverdell Education Savings Account (CESA). Contributions to 529 plans and CESAs are not tax deductible, but there is no tax as the income builds up in the account. Distributions from the plans are tax …