As graduation season comes to a close there are many young adults such as myself, getting ready to enter the work force. As a recent graduate it can be difficult to decipher the various types of benefits offered by employers and whether or not you are getting a fair offer.
The following is a list of some of the benefits traditionally offered by employers to help give you a head start on understanding your benefits package:
You may choose to contribute a portion of your income (usua... [More]
The U.S. Tax Court in 2014 re-wrote the rules on rollovers between Individual Retirement Accounts (IRAs).
Up until until January 1, 2015, an IRA account holder could withdraw IRA money from either a traditional or Roth IRA and have 60 days to redeposit the funds back into the same type of retirement account. No penalties or taxes were imposed in this "rollover" as long as the funds met the 60-day rule. The IRA investor could use this "60-day" rollover every 12 months on each IRA owned. This typ... [More]
Do financial statements baffle you? Do your eyes glaze over when your banker seems to be speaking another language? Chances are you aren’t up to speed on the latest bank jargon. Once you decode these common bank terms, you’ll be in a better position to manage and grow your assets.
You may have noticed that deposited funds aren’t reflected immediately on an online bank statement or paper receipt. That discrepancy occurs because your available balance refers to ... [More]