Colorado landowners who want to protect environmentally valuable private forest areas that could someday be threatened by development or conversion to other non-forest uses - and who desire to receive monetary compensation in the process - now have the opportunity to submit proposals to protect their forestlands.
The IRS is coming - eventually - for the money in your 401(K) or Traditional IRA.
As a result, people who think they have $500,000 or $1 million stashed away for retirement will learn they have less than they realized once they start withdrawing the money and have to pay taxes on those withdrawals.
"It's not enough to simply save money and grow an IRA and 401(K)," says Troy Bender, president and CEO of Asset Retention Services Inc.
While some people in the retirement-planning stages worry about outliving their money, others have a different concern: that their money is outgrowing their investment advisor.
It's not unusual for the size of the client's investment to increase well beyond their advisor's level of experience and knowledge. Higher net-worth individuals often demand more creative, sophisticated planning for their needs than their original advisor is able to provide.
Tax season can be harrowing, especially for those that find they owe the IRS money. If you can't tackle your tax bill in its entirety this tax season, don't give up. There are options, but they take strategic planning and a bit of elbow grease. Let's get started.
File Your Tax Return Anyway
Debt continues to be a crushing burden for many Americans. From credit cards to auto loans, mortgages, student loans and medical bills, a high percentage of the nation's households have one or more of those types of debt.
According to a NerdWallet debt analysis in 2017, the average American household carrying credit card debt owed a balance of $15,654. The average balance for a household with auto loans was $27,669; it was $46,597 for a student loan; and $173,995 for the average remaining on a mortgage.
Sometimes a whole crate of birthday candles might not be enough.
Americans are living longer than ever, with the average life expectancy now rising to about 79 years. Some have referred to this trend as the "longevity revolution," but it's also creating a revolution in the way people think about retirement.
"What worked for retirees a generation ago isn't going to work today," says Jack Teboda, president of Teboda & Associates, a financial services firm.
The Internal Revenue Service today advised taxpayers that in many cases they can continue to deduct interest paid on home equity loans.
Lamar Community College students to provide free tax preparation to area families
This tax season, Lamar Community College is partnering with Denver-based Piton Foundation to help hard-working families become more financially secure by providing free tax preparation services through the Tax Help Colorado program. Beginning February 2, 2018, IRS-certified LCC students will prepare and file tax returns free of charge for individuals with household incomes of less than about $54,000 a year.
Millions of people woke up this morning to learn that, for the fourth time in 2018, they didn't win the big lottery jackpot - and it's only the first week of January!
Throughout the year, we've read stories about how more than half of American have less than $1,000 saved to use in an emergency. Chances are you are among those people, and there is hope to make a change.