Retirement planning

Marko Geber | DigitalVision | Getty ImagesIf you didn't pay enough taxes in 2022, there's still time to avoid a "surprise tax bill" and bypass extra penalties, according to the IRS. The deadline for fourth-quarter estimated tax payments for…

1. Bigger contribution limits on retirement accountsIf you're eager to boost your retirement savings, there's good news for 2023: higher contribution limits for your 401(k) and individual retirement account.In 2023, the employee deferral…

Robert Daly | Getty ImagesFor many entrepreneurs, the sale or transfer of a business is like giving up a baby they have raised from infancy. Certainly, there's a lot at stake economically, given that 80% to 90% of owners have their…

Members of the Salvation Army play music during the lighting of the world's largest Red Kettle in the Times Square neighborhood of New York, U.S., on Tuesday, Dec. 1, 2020.Jeenah Moon | Bloomberg | Getty ImagesThis holiday season, it may be…

Sdi Productions | E+ | Getty ImagesIf you're retired and skipped your 2022 tax payments, you can still avoid late penalties with an under-the-radar year-end strategy, experts say.Since taxes are due as you receive income, you must withhold…

'Take lemons and make lemonade' with tax-loss harvestingWith the S&P 500 Index down nearly 20% for 2022 as of midday Dec. 19, it may be a good time for tax-loss harvesting, which allows you to offset brokerage account profits with…

Delpixart | Istock | Getty ImagesThe end of the year is a time to give thanks and celebrate the holidays with our families. It's also an opportunity to reevaluate the previous 12 months and ask your financial advisor some very productive…

Charday Penn | E+ | Getty ImagesIf you've accepted payments via apps such as Venmo or PayPal in 2022, you may receive Form 1099-K, which reports income from third-party networks, in early 2023. But there's still time to reduce your tax…

Inflation, geopolitical uncertainty and fears of a recession have undermined financial confidence across the board, according to a new report by Edelman Financial Engines.Less than one-quarter, or 23%, of more than 2,000 adults polled…

Luis Alvarez | Digitalvision | Getty ImagesIf you're just out of college, you may be wondering when the right time is to get started with a retirement savings plan. The answer is now, experts say. To that point, 55% of Americans already…