Because children often look at their inheritance as a representation of their parents' love, most parents leave children...
More

What are the most common scams today? My parent has fallen victim to scams over the years and could use some help on how to avoid fraudulent schemes. While many scams today are universal, some types of fraud specifically target older adults or affect them disproportionately. Unfortunately, these targeted scams are on the rise. According to the Federal Bureau of Investigation (FBI), in 2021 there were over 92,000 victims of fraud over the age of 60 resulting in approximately $1.7 billion in losses. This was a 74% increase in losses compared to 2020. Below are some of the most common scams that were reported last year: Government imposters: These scams often start with a call, email or...
More

Each year the Internal Revenue Service reminds taxpayers over age 72 to take their required minimum distribution (RMD) by December 31. One exception to this applies to IRA owners who turned age 72 in 2022. These individuals may delay their first RMD until April 1, 2023. However, if their first RMD is delayed, a second RMD will be required by December 31, 2023. RMDs are generally required for most qualified retirement plans and apply to three types of IRA: Individual Retirement Arrangements (IRAs), Simplified Employee Pension Plans (SEPs) and Savings Match Plans for Employees (SIMPLE) IRAs. RMDs also apply to 401(k), 403(b) and 457(b) plans. An exception to the RMD requirement is a Roth...
More

• Home Depot Supplies Earnings
• Treasury Yields Rebound
• Mortgage Rates Show Dropoff