Don’t let these slip-ups creep into your federal tax return. No one wants to delay their federal tax refund. As you certainly don’t, filling out your 1040 form correctly is essential. Here are some common 1040 mistakes to avoid.
Category: Richard Sturm
Could Social Security Really Go Away?
For years, Americans have been warned about that possibility that Social Security as we know it could go away. Those warnings, however, assume that no action will be taken by Congress…
Do I Really Need a Financial Adviser?
Vanguard recognizes the value that financial advisers can bring their clients by pointing out some inherent risks that retirees could face when managing their own accounts.
How Can LTC Insurance Help Protect Your Assets?
How will you pay for long term care? The sad fact is that most people don’t know the answer to that question. But a solution is available.
The A, B, C & D of Medicare
Whether your 65th birthday is on the horizon or decades away, you should understand the parts of Medicare – what they cover, and where they come from.
Are You Underprepared for Retirement?
Are You Underprepared for Retirement? Financially speaking, how many Americans are truly on track to retire? A recently published white paper suggests that about half of us are approaching our “third acts” with faulty…
How Long Should I Keep Financial Records?
How long should you keep quarterly and annual statements you get for your investment accounts? How long should you keep bank statements before throwing them away? This article provides some guidance.
The IRS Dirty Dozen List
Each year, the IRS lists the top 12 recurring federal tax offenses – frauds, cheats, feints and schemes that ethically challenged taxpayers, tax preparers and crooks try to perpetrate. Watch for these scams in all seasons, not…
The U.S. Savings Bond Tax Trap
The U.S. Savings Bond Tax Trap Did you buy U.S. Savings Bonds decades ago? Or did your parents or grandparents purchase some for you? If so, take a look at them before April 15 rolls around. Your bonds may have matured. That means they…
Errors to Avoid When Planning for Retirement
Jeff Rose from U.S. News and World Report wrote a great article outlining some mistakes to avoid when planning your retirement. Here are my comments about his article…