financial problems - advice on recovery and avoidance

Disagree With IRS Audit Results? 4 Steps To Appeal It

If the IRS has audited your return, what happens if you disagree with the auditor's findings? Do you have any recourse to argue your case? Or is this the end of the line where you must simply accept what you feel is wrong?  The truth is that the IRS provides a variety of means by which a taxpayer can appeal the results of an audit to higher authorities. What are these means?   Read More...

Bailing Out A Friend Or Relative: The Basics

When a friend or relative is charged with a serious crime and taken into custody, they may ask you to sign a document with a bail bond firm guaranteeing their appearance in court. Before you make any decision on whether to do this, it's important to consider all of the ramifications. The following article takes a close look at this issue. The Process When you guarantee the court appearance of someone charged with a crime, you sign a document in which you agree to be responsible for the entire amount of that individual's bail.   Read More...

3 Tips To Help You Buy A Home In Your 20S

When it comes to adulting, it doesn't get much more real than purchasing a home. Being a homeowner comes with a great deal of responsibility and is a great way to solidify yourself as a financially stable adult. Given the weight of the purchase, it's a task many people don't consider until later in life. However, you're not like everyone else and you envision being a homeowner in your 20s. If so, don't let anyone get you off course, you can secure a loan and purchase a home before 30.   Read More...

Financial Liquidation for Bail: What You Should Keep, What You Can Throw Away

Having wealth can be convenient, especially when a family member is arrested and held in a jail cell. The wealth that you have intentionally set aside for your heirs or for your own retirement can rescue the family member in jail. You may have to liquidate a few assets to get a bail bond, and that is where you need to examine which assets you can liquidate and which ones to keep.   Read More...

Should You Ever Cash Out Your Retirement Plan?

Are you thinking about cashing out your retirement plan? There are some good reasons and some bad reasons to do so, but both of them require some consideration. Here's what you need to know about cashing out your retirement plan and the consequences that you could face. What Are the Downsides to Cashing Out a Retirement Plan? In addition to suddenly being behind on your retirement planning, you will also suffer from some direct consequences.   Read More...