Money Minute: What you need to know about gambling on unregulated gaming websites
Michigan residents who place wagers on unregulated gaming sites may gamble on more than they expected and become identity theft or deposit theft victims, said Michigan Gaming Control Board Executive Director Henry Williams.
Money Monday: What to know about tax credit for other dependents
This week we are discussing the third of three important tax credits for taxpayers with dependents living in their homes. They can receive a $500 tax credit for each person, mom and dad, older grand children, sometimes not even family members. Watch the video above to learn the rules and how this can benefit you. Resources:More: Money Monday section
Money Monday: Understanding Roth IRA conversion
Rod Meloni is an Emmy Award-winning Business Editor on Local 4 News and a Certified Financial Plannerโข Professional. Copyright 2020 by WDIV ClickOnDetroit - All rights reserved. For more:Hereโs what you need to know. If you need help with the Public File, call (313) 222-0566.
Money Monday: IRA and Roth IRA thresholds 2021
Rod Meloni is an Emmy Award-winning Business Editor on Local 4 News and a Certified Financial Plannerโข Professional. Copyright 2020 by WDIV ClickOnDetroit - All rights reserved. For more information:Watch the video above. Hereโs what to know heading into 2021. If you need help with the Public File, call (313) 222-0566.
Money Monday: Saverโs credit
Rod Meloni is an Emmy Award-winning Business Editor on Local 4 News and a Certified Financial Plannerโข Professional. Copyright 2020 by WDIV ClickOnDetroit - All rights reserved. For more information:Watch the video above. Hereโs what to know about saverโs credit. If you need help with the Public File, call (313) 222-0566.
Financial help: What senior investors should know about annuities
Annuities can be useful tools. But I dont recommend them, for the most part, especially for senior investors. These are the two annuities seniors should avoid at all costs:Variable life contracts Equity indexed or fixed annuitiesHere is why:They are complicated and confusing. They often come with nose-bleed fees and surrender charges usually built into the early contract years. They are meant for long-term investors -- sometimes up to 15 years -- meaning not for seniors.
Financial help: Recession-proof your money with lessons learned from COVID-19
The American Institute Of CPSs is offering financial advice for troubled times. Recession-proof your investmentsSet financial goals, stay diversified and revisit asset allocation regularly to manage market fluctuations. Create a crisis budget in troubled timesExamine current income against current living expenses. Pay with money you havedo not use credit and make matters worse. READ MORE: Lessons Learned from COVID-19 can help Americans Recession-Proof their Finances: AICPA Survey