A Third of People Have Nothing Saved for Retirement

A third of people (36 percent) in the U.S. have nothing saved for retirement, a new survey shows. In fact, 14 percent of people ages 65 and older have no retirement savings; 26 percent of those 50 to 64; 33 percent, 30 to 49, according to the survey conducted...

Money Smart for Old Adults

Money Smart for Older Adults (MSOA) is an instructor-led training curriculum developed by the Consumer Financial Protection Bureau (CFPB) and the Federal Deposit Insurance Corporation (FDIC). The program raises awareness among older adults and their caregivers on how...

What Is The Federal Estate Tax?

The Federal Estate Tax is a tax on all property you own at your death that exceeds the estate tax credit amount. In 2014 the credit amount is $5,340,000. It is expected to increase every year going forwards in an amount according to the inflation rates. So, if the...

The Challenges of Retiring From a Business You Own

Retiring is challenging for almost everyone. But if you’re a small-business owner, preparing to hand your company to your children can create an even bigger knot of anxiety — worries about financial security, the legacy of your life’s work, and the prospects for your...

Federal Gift Tax Annual Exclusion

In 2014 you can give $14,000 to any person and not have to pay a gift tax. Married couples can combine their annual exclusion thereby giving $28,000. There is no limit on the amount of people you can gift to each year. If you were to exceed this annual amount, the...