Charitable giving: How to maximize your donations

When it comes to charity, many Americans have been able to “give ‘til it hurts” — knowing the pain would be only temporary. They could write off the donations on their next tax return. However, changes ushered in by the 2017 Tax Cuts and Jobs Act could make the process less comfortable. While the tax plan will make filing simpler for many taxpayers, those accustomed to deducting their charitable donations may have to make some adjustments. Here’s what you need to know about maximizing your donations in the new federal income tax landscape, as well as finding other ways to

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Tips on Saving Money for Retirement

A great question to ask when buying something, especially big ticket items, "Is this the best you can do?" It doesn't hurt to ask. A recent article at Money features Sam Parr, founder of The Hustle, a media company that produces a popular business newsletter, has raised over $1.3 million in funding. Parr credits most of his success to the smart money habits. Save More If you're frugal and shop smart, you can put what you save into a retirement account, don't just leave that extra money sitting in the bank. Put it in a savings account. Aside from saving

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How can identity thieves use your personal information?

If an identity thief gets ahold of your information, it can be used in many ways. Your Social Security number can be used to create new accounts, take out a loan or apply for a job. Your bank account can be drained and fraudulent purchases can be made. Someone can use your information to see a doctor or get prescription drugs. If you lose your driver’s license or your wallet is stolen, someone might use your ID to avoid a DUI or speeding ticket or might try to purchase controlled items. If you’re a parent, teach your kids safe online

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 4 Work from Home Jobs to Increase Retirement Income

 4 Work from Home Jobs to Increase Retirement Income

Are you bored with your retirement life and want to continue working? Well, you’re not alone, because a lot of people choose to work in their 60s, 70s, and even 80s. According to Bloomberg, for example, almost 19 percent of people aged 65 and older were working at least part-time in the second quarter of 2017, which was the highest employment rate in 55 years. The reasons why retirees continue to work when they don’t have to are numerous. Some would like to continue to pursue their life’s passion, support worthy causes, earn money, or just stay socially active. The

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Financial Challenges of Senior Citizens

While retirement years are depicted as a period of relaxation and fun in advertisements and movies, the reality is many face financial challenges as senior citizens. If you are helping someone with their retirement planning, or are planning your own retirement, a few strategies can help you cope with feelings of anxiety or worry. Managing Financial Security It is common for individuals to think they will be able to manage their finances on their own throughout their lives. But for many, this is not the reality. Receiving support to juggle medical bills and investment accounts is often needed. This is

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Oversubscribed – How to avoid the cash drain of too many subscriptions

Oversubscribed - How to avoid the cash drain of too many subscriptions

I have a number of subscriptions that I like to keep up. Netflix, Microsoft Office, Adobe Photoshop, Chuze Fitness, and a few others prove very handy with my lifestyle. I use them all regularly, and some more often than I should. But I don’t maintain subscriptions to services I no longer use. Why waste the cash? Your money is a precious resource, and you should use it for the things in life you need and want. Use it to further your education, your fitness, and your savings account. Use it to improve your lifestyle and your well-being. But don’t give

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Protecting Yourself from Credit Scams

Protecting Yourself from Credit Scams

Smart chips are continuing to working their way into credit and debit cards around the nation. While they offer a stronger measure of protection against fraud, they can also be a target for scammers. Protecting Yourself from Credit Scams Unlike magnetic strip cards, smart chip cards can be inserted into a slot on a card reader for payment processing. Data on the card’s chip can’t be read by card skimmers placed on or around a card reader, making it more difficult for criminals to acquire information from processing devices. Not every financial company has issued smart chip cards to customers.

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Crazy Rich Asians: Spending Wisely Like My Grandma

“Be generous, love others, be frugal.” – Nanang (Grandma) Eugenia Soriano Love, loyalty and lots of money. That’s what the new blockbuster romantic comedy movie “Crazy Rich Asians” is all about. But not all Asians are crazy rich, so don’t be deceived by the movie. For instance, my two younger sisters and I were raised in the Philippines by our grandparents, who were farmers. When our Papa died when I was 7 years old, our young widowed Mama went thousands of miles away to Hong Kong to work so that she can financially support us. That was the only viable

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8 Amazing Part-Jobs for Seniors and Retirees

8 Amazing Part-Jobs for Seniors and Retirees

Life in retirement isn’t what it used to be. The economic landscape has changed, and people are living longer than ever. If you find yourself needing some extra money, or just bored, then you are in luck. There are plenty of part-time jobs available for retirees and seniors, and a lot of them can be done from the comfort of your own home. Virtual assistant Are you comfortable with technology? Perhaps you were an administrative assistant when you were working full-time. In that case, you should experience a smooth transition to becoming a virtual assistant. This is a great part-time

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