A sinking fund is a type of fund that is created and set up purposely for repaying debt. The owner of the account sets aside a certain amount of money reg...

Yes, even if you continue working past age 72,* you have to take an RMD from your IRA. However, you may qualify for an exception from taking RMDs from you...

Over the past three months, 3M’s stock has lost 17.1%, Cummins shares have shed 13.4% and the Dow Jones Industrial Average has dropped 17.1%. Cummins (NYS...

Telephone harassment occurs when someone intends to annoy, harass, or threaten you and just one phone call can do that. More often, harassment constitutes...

There is nothing against opening multiple savings accounts as long as you can meet the bank’s or credit union’s requirements. Then, if you don’t like the ...

You may not give this money to your aunt or you will be subject to gift tax on the amount that exceeds $14,000. This same rule applies for educational gif...

Can I Receive Both Long Term Disability Insurance & Worker’s Compensation? Yes, you can. If you have been injured on the job, you are likely eligible ...

Florida Unclaimed Property Until claimed, unclaimed money is deposited into the state school fund, where it is used for public education. There is, howeve...

Can both spouses contribute to 401k? No—only one spouse can contribute to a 401(k) account. 401k’s are tied to employment at a company that offers the pla...

Refinancing. In many cases, the existing mortgage is old and has a higher interest rate than new financing. This means your parents may be able to reduce ...