When business owners put together an emergency preparedness plan, it should include copies of vital records and financial information. Here are some things everyone can do to help protect their financial records. Update emergency preparedness plan annually Personal and business situations are constantly evolving, so taxpayers should review their emergency preparedness plan annually. The U.S.…

Your local bank is not paying a decent interest rate on regular savings. If you converted to a money market account, you are getting better results. I have an online savings account with emigrantdirect.com. Emigrant normally pays 1.5% interest. As of June 2023, they are paying 4% interest. My account with Emigrant has been open…

About one-quarter of U.S. adults age 50 and older who aren’t yet retired say they expect to never retire and 70% are concerned about prices rising faster than their income WASHINGTON — About one-quarter of U.S. adults age 50 and older who are not yet retired say they expect to never retire and 70% are concerned…

WASHINGTON – The Internal Revenue Service issued final regulations today for the new and previously owned clean vehicle credits. The final regulations provide rules regarding the critical mineral and battery components requirements for the new clean vehicle credit. Today’s guidance finalizes rules for taxpayers intending to transfer the new and previously owned clean vehicle credits to dealers who…

If you have not yet filed your 2022 or 2023 tax returns, my office has reopened to help you. Go to pedersonaccountingservices.com. Next to my telephone number you will see the word “Schedule.” Click on the button and the times I am available will show. I am available Monday, Tuesday and Thursday from 9:00AM to…

You have options, but some may be better than others. When you leave a job, your 401(k) will stay where it is with your old employer-sponsored plan, until you do something about it. You may be able to leave your account where it is if your account balance isn’t too small. Alternatively, you may roll…

Is your child still tapping into the bank of mom and dad? Here are 5 ways to help them achieve financial independence. Our financial independence — much like any other skill someone is learning for the first time — doesn’t come all at once. Instead, it’s a “work in progress,” according to a new report…

Identity theft occurs when someone uses your personal information without your permission, often for fraudulent purposes. This is usually done by cybercriminals, who might open new accounts, apply for credit or even receive medical treatment under your name. Recognizing the signs of identity theft early on is crucial to minimize the damage it can cause.…

A higher credit score could do a lot of important things for your finances. It could make you more likely to get approved for a new credit card or loan, and it could make it easier for you to rent a home, since it’s common for landlords to run credit checks on applicants. Now, you may be aware that…

Understanding the Factors that Affect the Cost of Life Insurance Jan 31, 2024 – By the dedicated team of editors and writers at Newsletter Station. Life insurance is a financial tool that provides peace of mind and financial protection to your loved ones in the event of your passing. While the primary purpose of life…