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How can I prepare financially for stormy weather?

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Floods, tornadoes, torrential rain, lightning, and hail are common events in many parts of the country during the spring and may result in widespread damage. Severe weather often strikes with little warning, so take measures now to protect yourself and your property. Review your insurance coverage. Make sure your homeowners and auto insurance coverage is …

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Due Date Approaches for 2016 Federal Income Tax Returns

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Tax filing season is here again. If you haven’t done so already, you’ll want to start pulling things together — that includes getting your hands on a copy of last year’s tax return and gathering W-2s, 1099s, and deduction records. You’ll need these records whether you’re preparing your own return or paying someone else to …

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ERISA consultants expect Trump to delay fiduciary rule

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High-placed industry consultants and administrative law experts are expecting a formal delay of the Labor Department’s fiduciary rule to be announced this week, as President Trump sets about issuing executive orders to roll back the regulatory initiatives of the Obama administration. Last Friday, hours after Trump was sworn into office, Reince Priebus, White House Chief …

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Can the IRS waive the 60-day IRA rollover deadline?

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If you take a distribution from your IRA intending to make a 60-day rollover, but for some reason the funds don’t get to the new IRA trustee in time, the tax impact can be significant. In general, the rollover is invalid, the distribution becomes a taxable event, and you’re treated as having made a regular, …

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Grandparents Can Help Bridge the College Cost Gap

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For many families, a college education is a significant financial burden that is increasingly hard to meet with savings, current income, and a manageable amount of loans. For some, the ace in the hole might be grandparents, whose added funds can help bridge the gap. If you’re a grandparent who would like to help fund …

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