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  • Understanding Your Tax Withholding

    Withholding may be the number-one reason for filers seeing an unexpected change in their refund. This video explains how the concepts of tax withholding and refunds work and the important roles they play in helping to manage your taxes efficiently.

    View the video
  • Tax Rates & Brackets Explained

    Tax rates and brackets are often misunderstood, but they both influence how much income tax you will pay. Learn how they work, how the 2018 changes to the tax law impacted rates and brackets, and what the new bracket ranges are for 2020.

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Which type of account is right for you?

Which type of account is right for you?
Which type of account is right for you?
If you want to ... Then consider
Start saving and investing for a child’s education. A 529 plan or an education savings account.
Give a child a gift of money while also teaching investment skills. A custodial account custodial account Tooltip A custodial account is... .
Help a teen (who has earned income) start saving for retirement. A custodial Roth or traditional IRA.
Transfer a significant amount of wealth to a child. A trust—we recommend that you consult with an attorney.

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  • Five financial must-dos: Put yourself first.

    Watch video: Five financial must-dos: Put yourself first.

  • Five financial must-dos: Put yourself first.

    Watch video: Five financial must-dos: Put yourself first.

  • Five financial must-dos: Put yourself first.

    Watch video: Five financial must-dos: Put yourself first.

  • Five financial must-dos: Put yourself first.

    Watch video: Five financial must-dos: Put yourself first.

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Five financial must-dos: Put yourself first.

I know this really goes against the grain of being a parent, but when it comes to retirement savings, you have to put yourself first. This is a message for parents and grandparents, and it’s a lot like the safety instructions you get on an airplane when you’re told to secure your own oxygen mask before you help your child. This is smart advice because you won’t be much use to your child, or anyone else, if you don’t take care of yourself first. Don’t finance your child’s college education, or assist other family members, at the expense of your retirement savings. That has to be goal number one, because there are no scholarships for your retirement.

Read Transcript Open new window

Five financial must-dos: Put yourself first.

I know this really goes against the grain of being a parent, but when it comes to retirement savings, you have to put yourself first. This is a message for parents and grandparents, and it’s a lot like the safety instructions you get on an airplane when you’re told to secure your own oxygen mask before you help your child. This is smart advice because you won’t be much use to your child, or anyone else, if you don’t take care of yourself first. Don’t finance your child’s college education, or assist other family members, at the expense of your retirement savings. That has to be goal number one, because there are no scholarships for your retirement.

Read Transcript Open new window

Five financial must-dos: Put yourself first.

I know this really goes against the grain of being a parent, but when it comes to retirement savings, you have to put yourself first. This is a message for parents and grandparents, and it’s a lot like the safety instructions you get on an airplane when you’re told to secure your own oxygen mask before you help your child. This is smart advice because you won’t be much use to your child, or anyone else, if you don’t take care of yourself first. Don’t finance your child’s college education, or assist other family members, at the expense of your retirement savings. That has to be goal number one, because there are no scholarships for your retirement.

Read Transcript Open new window

Five financial must-dos: Put yourself first.

I know this really goes against the grain of being a parent, but when it comes to retirement savings, you have to put yourself first. This is a message for parents and grandparents, and it’s a lot like the safety instructions you get on an airplane when you’re told to secure your own oxygen mask before you help your child. This is smart advice because you won’t be much use to your child, or anyone else, if you don’t take care of yourself first. Don’t finance your child’s college education, or assist other family members, at the expense of your retirement savings. That has to be goal number one, because there are no scholarships for your retirement.

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OUR TWO CENTS

Our two cents

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Our Two Cents

Just as items get lost in a messy room, a disorganized financial life makes it easy to lose track of where your money goes. Creating a system that makes sense can help ensure your money is doing what it should.

Learn more

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Tip

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Think twice before closing a credit card.

Your credit score is based partially on your utilization ratio, which is the amount of debt you have compared to your available credit limit. So if you close cards but still carry the same amount of debt, your utilization rate is likely to go up and your credit score may go down.

Two Cents icon
Two Cents icon

OUR TWO CENTS

Just as items get lost in a messy room, a disorganized financial life makes it easy to lose track of where your money goes. Creating a system that makes sense can help ensure your money is doing what it should.

learn more

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