Advisors

Tim Bieber | Photodisc | Getty Images Amid stock market gyrations, recession fears and loftier payouts, consumers last year pumped a record sum of money into annuities, a type of insurance that offers a guaranteed income stream. Buyers funneled $310.6 billion into annuities in 2022, according to estimates published by Limra, an insurance industry trade
0 Comments
Allison Michael Orenstein | Getty Images As the tax season kicks off, seniors may be facing new questions this year. A record 5.9% Social Security cost-of-living adjustment last year likely pushed up their income. Meanwhile, other income, such as required minimum distributions, other retirement account withdrawals or part- or full-time work may make filing more
0 Comments
Bill Oxford | E+ | Getty Images If you’re banking on a tax refund, it may be “somewhat lower” than last year’s payment, according to the IRS. Typically, you can expect a federal refund if you’ve overpaid yearly taxes or withheld more than what you owe. One of the big reasons for smaller payments this
0 Comments
pcess609 If you’re expecting a refund this season, it’s critical to file a complete and accurate tax return to avoid “extensive processing” and delays, according to the IRS.    One of the keys to error-free filing is including all your required tax forms, known as information returns, which employers and financial institutions send yearly, with copies
0 Comments
Sam Norpel and her family. Norpel, 48, second from the right, got Covid-19 in December 2021 and hasn’t recovered. This chronic illness, known as long Covid, impacts up to 23 million Americans. Kirstie Donohue Sam Norpel used to present regular financial updates to C-suite executives. Now, unpredictable bouts of broken, staccato speech make that impossible
0 Comments
Michael Bryand, 35, first got Covid in September 2020. “I never really got better,” he said in a sit-down interview with CNBC. “I had symptoms that stayed with me and that are still with me.” Bryand, who was working at Wells Fargo in San Antonio at the time, went on short-term disability and then long-term
0 Comments