March 2015

05 Mar

Avoiding the Common 1040 Mistakes

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. To that end, it is worth noting some of the common 1040 mistakes—the little slip-ups that aggravate both the IRS and the taxpayer.

05 Mar

2015 IRA Deadlines Are Approaching

Here is what you need to know.

Financially, many of us associate April with taxes—but we should also associate April with important IRA deadlines:

  • April 1 is the absolute deadline to take your first required minimum distribution (RMD) from your traditional IRA(s).
  • April 15 is the deadline for making annual contributions to a traditional or Roth IRA.1

Let's discuss the contribution deadline first and then the deadline for that first RMD (which affects only those IRA owners who turned 70½ last year).

05 Mar

Financial Fraudsters Preying on Boomers and Elders

If something sounds too good to be true, guess what: It probably is.

If you are in or near retirement, it is a safe bet that you would like more yield from your investments rather than less. That truth sometimes leads liars, scammers and fraudsters to pitch any number of too-good-to-be-true "investment opportunities" to retirees. Given all that and the classic money scams perpetrated on elders, you have good reason to be financially skeptical as you get older.