The Type Of Trust That Can Help You (Legally) Avoid Paying Taxes
Forming an irrevocable trust can help you legally avoid certain taxes if you follow the process correctly, but there's much you should know.
Read MoreThe unique content on Money Digest is a result of skilled collaboration between writers and editors with a broad array of expertise in everything from monetary history to banking to personal finance. Our goal is to provide accurate and diverse content bolstered by expert input.
Focused on accuracy and ethical coverage, the Money Digest editorial team consistently fact-checks and reviews site content to provide readers with an informative, entertaining, and engaging experience. Click here for more information on our editorial process.
Forming an irrevocable trust can help you legally avoid certain taxes if you follow the process correctly, but there's much you should know.
Read MoreOne big life change is a surefire way to change your Social Security picture, and the impact it can have on your payout depends on multiple factors.
Read MoreAmerican workers are eligible to set up an account at SSA.gov in order to track and optimize their forthcoming Social Security payments.
Read MoreSocial Security is a prime factor in Americans' retirement planning, and by employing this handy hack you can optimize it to your situation.
Read MoreThe Social Security program is a lifeline for American workers after retirement, and calculating the benefit you're likely to receive is simple.
Read MoreCombining fixed and variable annuities can provide a reliable and flexible source of retirement income, though the strategy isn't for everyone.
Read MoreBuying a home is a major step forward in life, but it's important to be vigilant when selecting the right property, or it may end up being a headache.
Read MoreThe new and unofficial Department of Government Efficiency (DOGE) aims to cut trillions from the federal budget. Bernie Sanders has thoughts.
Read MoreThere's no one right age to convert a traditional IRA to a Roth IRA, but there are some advantages to consider when it comes to taxes and how much you'll pay.
Read MoreRetiring in your 30s is possible, but there's a specific path you'll need to take in order to achieve it. Also, note this is more realistically your late 30s.
Read MoreCredit cards can be valuable tools for building credit and establishing a more fluid financial situation, but incorrect use can take years to recover from.
Read MoreWhile you may be well aware of the difference the year you retire makes, you may be less aware that the month you choose to retire can matter, too.
Read MoreLiving on a fixed income in retirement means pretty much every dollar is accounted for each month. Eliminating this burden will make budgeting easier.
Read MoreThe key to this investment strategy is that it provides investors with a bit of time to assess their picks. This, in turn, allows them to make adjustments.
Read MoreGiving yourself a small leg up financially by walking dogs or teaching English doesn't have to require taking on another job or even a massive time commitment.
Read MorePer Coin ATM Radar, there are little over 31,500 bitcoin ATM machines in the country. Unfortunately, the machines are now on the scammers' radar, too.
Read MoreThis retirement strategy is one way to manage retirement income by way of "buckets" that correspond to short-, medium-, and long-term financial goals.
Read MoreYes, you can borrow from a 401(k). Though there can be drawbacks, a 401(k) loan is often a better financial option, as you'll be paying yourself back.
Read MoreThe next time you go grocery shopping, if you find that a sale item is out of stock, know that you have an option available to you for future savings.
Read MoreThe spousal IRA (aka Kay Bailey Hutchison Spousal IRA) is a retirement account not everyone may be aware of, but which every married couple should be.
Read MoreBefore the new year, it's a good idea for every person to go through a year-end financial checklist, and especially retirees living on a fixed income.
Read MoreWe spoke with real estate expert Betsy Pepine about the ways a housing market crash affects homeowners and who among this group risks losing the most.
Read MoreWhile adding to a 401(k) is important, there are reasons why trying to max out yearly contributions may not be in your best financial interest today.
Read MoreWhen it comes to investing, there are myriad ways you can lose money. To avoid these "traps," you need to know what to look for, as Daniel Feininger explains.
Read MoreStarting a business is a great way to build more independence into your life, but you'll want to be wary of starting one in these niches.
Read MoreVolatility in the stock market is nothing new, but market corrections can still catch investors off guard. We asked Lawrence Sprung about the signs.
Read MorePeople paying back their student loans now have another option -- a two-for-one benefit -- that will reduce their debt, while saving for the future.
Read More