Personal Finance

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When Can You Retire If You Were Born in 1959?

If you were born in May 1959, you are turning 66 in 2025. This puts…

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Should I Get a Credit Card in My Child’s Name?

Key takeaways Because people under age 18 can’t open their own credit cards, you can’t…

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Refundable Tax Credit: Explanation, Eligibility, Benefits

Tax credits reduce the amount you owe to the IRS, but not all tax credits…

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Can 401(k) Participants Also Make SEP IRA Contributions?

Many people who contribute to a 401(k) wonder if they can also make SEP IRA…

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Mothers Earned 35 Percent Less than Fathers in 2024

Key takeaways Full-time working mothers with children under 18 earned a median salary of $56,680,…

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5 Strategies to Convert Retirement Assets Into Income

Saving for retirement is only half the battle. Once you leave the workforce, you’ll need…

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Nonrefundable Tax Credit: Definition, Types, Examples

A nonrefundable tax credit can lower what you owe to the IRS, sometimes substantially but…

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How to Withdraw From Your 401(k) After Age 60

Reaching age 60 is a major financial milestone, particularly when it comes to your 401(k)…

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Hosting Season Is Here. What an Insurance Adjuster Wants You To Know About Social Host Liability

There’s a lot to think about when you host a party — what food to…

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What Is Earned Income? Examples and How to Calculate

When it comes to taxes and financial planning, you need to know the IRS has…

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