Roth IRAs are designed for investors with low incomes and long-term horizons, which makes them perfect for children. Find out what a custodial Roth IRA is, how to open one, and why your kid should have one.

Tax preparation can be expensive, but it’s available for free if you know where to look. The IRS Free File program, for example, is a great option, but it’s by no means the only way to get free tax help.

Unfortunately, getting a wage garnishment for tax debt is more common than you might think. In 2020, the IRS requested over 780,000 notices of levy on third parties, which includes garnishing wages from employers. The IRS has up to 10 years from the date taxes were assessed to collect them — even longer if there is evidence of fraud.

Robinhood is putting a new spin on the legendary heroic outlaw. Instead of stealing from the rich and giving to the poor, it seems to be restricting the poor to protect the rich. As attractive as anti-heroes are in pop culture, the new look isn’t working for Robinhood.

Freelancers are a key part of the U.S. workforce. In 2020, approximately 59 million Americans worked as freelancers, which is over a third of all workers. Although there are plenty of advantages to freelancing — for instance, the median hourly rate for freelancers ($28) is higher than the median rate of 70% of workers — gig workers also face unique financial challenges.

Tax liens are the nuclear option in the IRS’s arsenal. They can affect all your property, including your home and vehicles. Even financial assets and businesses that you might own are not safe. Also, they can attach to assets that you buy once the IRS issues the demand for payment. The good news is that tax liens no longer appear on your credit report. Unfortunately, that doesn’t mean a tax lien doesn’t hurt your chances of accessing credit.

It would be great if we were all discovered we had a bottomless trust fund to our name and no longer had to worry about money. But that’s unlikely. The good news is there’s plenty you can do to make things better.

Just the thought of an “IRS audit” is enough to strike fear in the heart of any taxpayer. Everybody knows someone with a story about an audit from hell from an over-zealous collections officer. Audits can be an effective bogeyman to “encourage” people to be truthful in their tax returns, but what are the odds you will be audited?

Gamification may be a modern buzzword in business these days, but there’s nothing new about the idea that we learn from play.

Housing affordability is a term that describes the cost of housing relative to a household’s income. Although it’s an easy enough term to under intuitively — whether or not most families can afford to pay for housing — it’s often challenging to pin down exactly what is (or isn’t) affordable housing. For instance, the term is used both for renters and households that own their homes. Also, a lot depends on how you define the “typical” household, the housing market and the local income levels.