Money

3 Stocks I Will "Never" Sell

If you really want to be a long term investor, you need to look for companies that have a good shot of surviving well into the future.

What To Do If You Are Audited

MoneyTips

You've received a letter from the IRS regarding an audit. What is your plan? Assuming the fetal position? Heavy drinking? Fleeing the country? Spontaneous combustion? None of these actions is necessary. Simply stay calm and assess the situation objectively.

"Anybody of any income level can potentially get audited," says Betterment Head of Tax Eric Bronnenkant. He advises, "…that people prepare their taxes honestly and truthfully, and also be able to support what they put on their return in the event they get audited."

The letter you receive may be one of three types:

  • Adjustment Letter – This notifies you of a change in your taxes owed, or the refund amount. In this case, it is generally from an obvious wrong number entry or miscalculation on your form. The Tax Cuts and Jobs Act of 2017 brought about many changes, so it is to be expected that more taxpayers will make these types of errors until they are familiar with the new tax ...

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6 Signs You’re About to Overpay for Life Insurance

More than half of Americans overestimate the cost of life insurance, according to the 2021 Insurance Barometer Study by industry groups LIMRA and Life Happens. Among millennials, 44% think a…

How Travel Insurance Helps With Little Mishaps

Travel insurance is a good safeguard against very serious trip problems like medical emergencies. But your travel insurance policy may also include benefits for little mishaps. “Travel insurance isn’t just for catastrophes. It can help with those annoying inconveniences that aren’t the end of the world but can slow the momentum of your travels,” says […]