Bank

GOBankingRate’s 10 best savings accounts for 2015

GOBankingRate recently reviewed over 120 financial institutions to create a top-ten list of the best savings accounts for 2015. The banks on the list are ranked according to their minimum deposit to open, minimum deposit to avoid a fee, monthly service fees, and the annual percentage yield (APY). GE Capital Bank Online Savings and MySavingsDirect MySavings Account…

Goals

SMART New Year’s resolutions

Are you considering a financial new year’s resolution for 2015? According to Statistic Brain, 34% of New Year’s resolutions are money-related. For 2014, saving more money and spending less was the third most popular resolution. Unfortunately, only eight percent of the people surveyed were successful with their resolution (financial or otherwise). While there are many…

Giving a Gift

IRA Charitable Rollover extended to 12/31/14

On December 16th, Congress passed a bill that included an extension for the IRA Charitable Rollover. This provision expired at the end of 2013 but has now been extended to December 31st, 2014, retroactive to January 1st, 2014. The IRA Charitable Rollover allows individual taxpayers older than 70½ years to donate up to $100,000 to…

Hands-gift

Claiming tax deductions on gifts

Did you participate in #GivingTuesday? Or are you planning on make a donation before the end of the year? If so, here are five things to know about claiming a tax deduction on your donations. Not every organization qualifies you for a tax deduction. Donations to churches and government agencies are deductible; to find out…