When we think about wealth, we tend to think most about building and maintaining it. But we also have to look at the other side of the equation – to lose wealth. It is easier to do than you think, and you can regularly lose wealth without any idea that you are doing it. Discover … Read more
Smartastit and Yahoo Finance LLC can earn a commission or revenue through links in the content below. If you are 60 years old with $ 1.2 million saved for retirement in traditional IRA, you may start thinking about the necessary minimum distributions (RMD) and the huge annual tax account they can create after you are … Read more
Savings accounts help you make money and prepare for financial rainy days. They also protect your savings from loss due to bank failures, fire, theft and more. But if you earn interest on a savings account, there is one drawback: taxes. For most savings accounts, IRS takes some of the interest you earn. With what … Read more