Alexander W. Elliott CFTA,CTC

5,533 Flips | 12 Magazines | 284 Likes | 263 Following | 436 Followers | @AlexanderEl6h27 | Alexander William Elliott Certified Financial & Tax Advisor Certified Tax Coach www.awelliottassociates.com

Roth IRAs for kids offer a great tax advantage, if you follow the rules

A Roth IRA can be a great investment choice for teenagers, but there are rules to follow.<p>A Roth IRA can benefit workers of every age, including children, but kids can't open and control their own Roth IRA until they reach the age of maturity, which is 18 in most states.<p>To get around that age …

Roth IRA

The newest public-speaking world champion beat 30,000 other competitors by using a body-language trick she learned from a past winner

Last month, a high-school teacher from Houston named Ramona Smith was crowned the Toastmasters world champion of public speaking.<p>Smith outlasted 30,000 other competitors over six months and seven rounds of competition before being named the winner at the Toastmasters annual convention in Chicago. …

Public Speaking

10 Essential Sauces You'll Want to Double for Meal Prep — Recipes from The Kitchn

When you're meal prepping this weekend, squeeze a little time in between roasting vegetables and shredding chicken to make a sauce. I only recently …

Condiments

Trump seeks to expand access to retirement plans for small businesses

Heading into the Labor Day holiday weekend, the White House is preparing to announce new policy aimed at expanding access to retirement plans for …

Small Business

What to do if your accountant botched your tax return

This article is reprinted by permission from NerdWallet.<p>To err is human, but to err on your tax return is a total dumpster fire. If you did your own …

Do You Have Attorney-Client Privilege With Your Accountant? Here's A Workaround

Taxes and the IRS can be unsettling, and may cause you to worry over many questions. How aggressive are you being? Are you claiming something the IRS may view as over the top? Do you have exposure for past years, and would amending past returns make the situation better or worse? How much can you …

Accounting

Over 50 and Underfunded? Get Your Retirement Portfolio Up to Snuff by Age 65

Okay, let's face it. You haven't saved enough to retire yet, and you know it. And the clock is ticking if you ever want to have your feet in the …

S&P 500

Secured vs. Unsecured Debt: What's the Difference?

Debt comes in two varieties: secured and unsecured. In most cases, you don't get a choice between the two: The type of debt is determined by the type …

Interest Rates

Americans' Top Financial Worry -- and How to Make It Go Away

When it comes to money matters, Americans have plenty to be concerned about. A large number of U.S. adults are behind on emergency savings, and many …

Retirement

Warren Buffett Invested $5B in Goldman During the 2008 Crisis. What’s It Worth Now?

• <b>Warren Buffett’s Berkshire Hathaway bought $5 billion of preferred stock in Goldman Sachs during the 2008 financial crisis.</b>• <b><br>In 2011, Goldman Sachs</b> …

Goldman Sachs

The 3 Types of Income and How They're Taxed

Here's a quick guide to the ways different types of income are taxed in the U.S.<p>When it comes to your taxes, the term "income" isn't quite as …

Income Tax

How to feel amazing before 8 a.m.

In the first 60-120 minutes of your day, you can change your entire life.<p>You can routinely get yourself into a “peak” or heightened state of mind and …

Immune System

Even Introverts Can Excel at Networking by Following These Steps

The three C's of networking -- Conversation, Connection and Collaboration -- create a context that helps even those most reticent about networking.<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>Networking builds businesses. It brings in clients and partners and helps businesses grow, …

Networking

The Rich Person Roth: For The Most Tax-Free Retirement Income

While the Trump Tax Plan was touted as a huge tax cut, many millions of Americans will still see their taxes go up in 2018. Residents of high-tax states like California, New York and New Jersey are the ones who will be mostly affected. Those individuals should be proactive and look for ways to …

Roth IRA

How to Avoid Social Security Scams

The Social Security Administration (SSA) recently issued a warning about an upsurge in schemes targeting Social Security recipients. Someone calls …

Social Security

5 Countries Where You Can Retire By the Beach for Less Than $1,500 a Month

Whether you’re five months or 15 years away from handing in that final two weeks notice, you’ve probably dreamt of the beachside digs where you’ll …

Costa Rica

Money Confession: I have $30,000 sitting in my checking account, but I’m too scared to touch it

<i>In this ongoing series,</i> Mic <i>readers submit their money confessions — and we’ll ask experts how to help solve these difficult financial issues. Send</i> …

Credit Cards

Our Most Popular Chicken Recipes Ever — Recipes from The Kitchn

One thing our readers (and Kitchn editors!) have in common is that we all love a good chicken dinner. This mild-mannered meat is a versatile staple …

Slow Cookers

Sorry, Myers-Briggs: New research says there are just *4* personality types

Getting to know yourself is kind of like the ultimate ongoing DIY project. But instead of the scissors, glitter, and glue common to other creative …

Myers-Briggs

Oligarchs won’t need to stop for gas with this solar-powered yacht

Electric vehicles certainly seem to be the future, with just about every major auto brand following Tesla’s lead to a gas-free future, but will the …

Solar Panels

How the new tax code changes retirement saving

The new tax code makes a big change to the individual retirement account landscape, according to financial advisor Winnie Sun.<p>People are no longer …

Retirement

What Every Student Should Know About Student Loans

Teenagers tend to have few financial obligations. They may need to work a part-time job to earn spending money, but generally, no one is expecting …

Loans

Warning for credit card customers with large debts as lenders slash balance transfers and increase fees

THE changing credit market is bad news for borrowers who depend on interest-free ways to repay their credit card debts.<p>According to Moneyfacts’ …

Carlsbad father, son sentenced to federal prison in $4 million government contracting fraud

A Carlsbad father and son who fraudulently secured more than $4 million worth of federal government contracts were each sentenced to prison Monday …

Business Administration

How To Stick To A Budget — While Still Being A Social Human Being

Most of the time, it feels like we're stuck choosing between what's best for our wallets and what's best for our social lives. If we're frugal, we …

Budgeting

15 Ways to Save Money on Healthcare Expenses

Want to lower your medical costs? This guide will show you how.<p>Healthcare expenses are generally unavoidable, which is part of the reason so many …

Retirement Planning

How to pay down your student loans without sacrificing retirement savings

If you have student loans, watch out. Your retirement wealth may be reduced.<p>College graduates who have student debt have about 50 percent less in …

Loans

What percentage of Americans own stocks?

The Dow Jones Industrial Average has risen by 32 percent since President Donald Trump took office. But are Americans overall benefiting?<p>U.S. Rep. Ro …

Stock Markets

What Happens If You Exceed Your Credit Limit?

It all depends on what agreements you've made with your card issuer.<p>Your credit limit is set by your card issuer and determines how much you can …

How Not to Use a Credit Card

How much you charge and how vigilant you are about paying your bill can affect everything from whether a landlord will rent to you to how much interest you’ll owe in the future.<p><i>Welcome to the VICE Guide to Life, our imperfect advice on becoming an adult.</i><p>Seeing your name embossed on your first …

Personal Finance