Money Matters

Financial Planner Dee Lee and WBZ NewsRadio’s Business Editor Jeff Brown provide listeners with tips on successful financial planning. Click here to sign up for the weekly Money Matters Newsletter.

Tax Extension

Your Taxes: Audit Red Flags

Less than one percent of last year’s returns got audited.

WBZ NewsRadio 1030–7 hours ago

(Credit: Thinkstock)

Your Taxes: Your Investments

The profit on investments that you hold for less than a year and then sell are considered short term gains and are taxed as ordinary income. Investments you hold longer than one year are taxed at a lower rate, a long term capital gains rate.

WBZ NewsRadio 1030–02/04/2016

(Photo credit: WBZ NewsRadio 1030's Kim Tunnicliffe)

Your Taxes: Education Credits & Deductions

College is a very expensive experience. Congress and the IRS have given us a few ways to offset education costs.

WBZ NewsRadio 1030–02/03/2016

Salvation Army

Your Taxes: Deductions & Credits

Tax deductions lower your taxable income. Tax credits provide a dollar-for-dollar reduction of your income tax liability.

WBZ NewsRadio 1030–02/02/2016

(Photo Credit: WBZ-TV)

Your Taxes: The First Step

The tax information has begun to arrive. Open those envelopes!

WBZ NewsRadio 1030–02/01/2016

(Photo credit NOEL CELIS/AFP/Getty Images)

Key Retirement Birthdays: Age 70½

Congress and the IRS decided that you cannot leave your pre-tax retirement savings growing forever tax-deferred, so they chose 70½ for you to begin mandatory withdrawals.

WBZ NewsRadio 1030–01/29/2016

Social Security, Checks, Retirement

Key Retirement Birthdays: Age 65 – Social Security Mentality

Current thinking has 65 as the normal retirement age and that’s because at one time a worker could collect full Social Security benefits at age 65.

WBZ NewsRadio 1030–01/28/2016

Banks, 100 Dollar Bills, Cash, generic, withdrawal, Counting Money

Key Retirement Birthdays: Almost 60

Almost 60 is technically 59½, the age you finally can get at those dollars you have been stashing away for years.

WBZ NewsRadio 1030–01/27/2016

401K, Retirement Plans

Key Retirement Birthdays: Double Digits 55

Age 55 seems to be a magical number. It’s the elusive goal for retiring early!

WBZ NewsRadio 1030–01/26/2016

(Image: iStockphoto)

Key Retirement Birthdays: Age 50

Many birthdays are key to successful retirement planning, but I thought I’d outline the ones that are key to retirement success.

WBZ NewsRadio 1030–01/25/2016

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