Financial Training & Taxes

///Financial Training & Taxes

For Many Americans, a Tax Refund Is a Useful Financial Planning Tool

It’s tax time, and for more than two-thirds of Americans, their tax refund is the single largest payment they’ll receive all year. Last year, approximately 80 percent of all tax returns resulted in the issuance of a refund, and the Internal Revenue Service estimated the average tax refund was approximately $3,100. For most Americans, particularly

How To Protect Yourself From Cyber-Crime and Identity Theft

Our society is becoming increasingly digital. While digitization brings many benefits, it also generates a number of cyber-related risks. For example, consider cyber-fraud. At the heart of every fraud is a compelling story, which profiles seemingly easy ways of making money. Most people want to make a great deal of money, but it is important

Another successful tax season for the Volunteer Income Tax Assistance (VITA) program

Progress Through Business and its sister organization, the Center on Business and Poverty, helped establish a number of years ago volunteer tax preparation sites in three cities in Wisconsin: Madison, Milwaukee, and Wausau.  This year, we are happy to report another successful tax season for the Volunteer Income Tax Assistance (VITA) program. The 87 volunteers

Seniors: Beware of Fraud

Americans are losing as much as $40 billion a year to investment fraud. In the recent past, 30.2 million—13.5 percent of consumers—fell victim to fraud in one year. Investment fraud occurs when people are persuaded to invest in fraudulent stocks or bonds and consequently lose their money. The elderly especially are targeted for investment fraud

Roth IRA or Roth 401(k)? – Financial Wellness @ Work

Since Roth 401(k) plans are relatively new, it’s easy to get these mixed up but the differences are important and not just when filing your taxes. - See more at: http://www.financialfinesse.com/blog/2016/02/roth-ira-or-roth-401k Source: Roth IRA or Roth 401(k)? – Financial Wellness @ Work Roth 401k vs. Roth IRA: Which Is Best for You?: Act Now

Unregulated Preparers, Lack Of Disclosures, Put Your Tax Refund At Risk

Each year during tax time millions of consumers put their financial future in the hands of strangers, trusting that these tax preparers -- who are largely unregulated -- know the rules, will get them the best possible result (hopefully a refund), and won’t sell them on a product that costs more than it’s worth. Read more

Financial firsts: 7 things first-time investors should consider when saving for retirement

Thinking about investing your money for the future? Here's an explanation of the most basic type of investment and some ideas to keep in mind when looking at investing. Source: Financial firsts: 7 things first-time investors should consider when saving for retirement | Deseret News TO DO MORE to calculate how much you need to

Charity, Investing and Risk

A number of people advised me not to write a column involving fraud and charities, especially religious-based charities, because they considered it controversial. As I was deciding whether or not to do so, a good friend advised me that the potential controversy is exactly the reason why I should write such an piece, so here