“The American marketplace is an economic jungle. As in all jungles, you easily can be destroyed if you don’t know the rules of survival. … But you also can come through in fine shape and you can even flourish in the jungle—if you learn the rules, adapt them for your own use, and heed them.” — Sylvia …
Financial Planning
Yes, You Should Review Your Social Security Earnings Report Each Year
Most of us go through life without being concerned with, or ever checking on, our Social Security records. We assume that the money deducted each payday plus the amount paid into the program by our employer is applied properly to this valuable retirement benefit. The fact is, the Social Security …
Can a “Friendly” Loan Land you in IRS Trouble?
Your grandson needs a car, but cannot afford the payments. As a favor, you provide the $25,000 to purchase the car. You tell your grandson to pay you back when he can, but there is no loan document. The IRS sees this payment during an audit and asks you where your interest income is for this loan. …
