Taxes can be a real threat to your retirement

Matt Dicken, Founder, Strategic Wealth Designers, CEO, and Investment Adviser •
Kiplinger

When people are asked what the biggest threats to their retirement plans are, they offer a host of responses. The most common include outliving their wealth, health insurance costs, nursing home expenses and having to help their children or grandchildren financially. All of these can be major threats to retirement plans, but there’s one big

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How long should you keep tax records?

Kimberly Lankford, Contributing Editor, and <i>Kiplinger's Personal Finance</i> •
Kiplinger

It’s a good idea to keep your tax returns indefinitely. You can usually toss supporting documents three years after the filing deadline. The IRS generally has to initiate an audit by then. But there are exceptions. Some tax experts recommend holding on to your records for at least seven years.   Among the most important

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Tax Day tip: 3 smart ways to spend your tax refund

Kimberly Lankford, Contributing Editor, and <i>Kiplinger's Personal Finance</i> •
Kiplinger

The average tax refund is around $3,000. If you find yourself sitting on a pile of cash courtesy of your 1040, resist the urge to treat it like play money. Instead, put the windfall to work for you. 1. Invest in your home Your refund won’t be enough to redo your kitchen or bathroom, but

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