Banks Quick To Turn Over ‘Abandoned’ Assets To Revenue-Hungry States

This story appears in the June 29, 2015 issue of Forbes. Last year, after her husband’s death, an 82-year-old Pennsylvania widow started tracking down the jointly owned certificates of deposit he had set up at half a dozen banks in his quest for higher interest rates. Two were at Stonebridge Bank, a local institution with … Read more

2015 Tax Rates, Standard Deductions, Personal Exemptions, Credit Amounts & More

With tax season firmly behind us (er, for those of you who didn’t file for extension), now is a good time to take a look at your current financial picture and check to see how it squares against the 2015 tax rates, adjustments and other tax items. If you aren’t expecting any significant changes, you … Read more

Taxes From A To Z (2015): R Is For Rollover

It’s my annual “Taxes from A to Z” series! Next up: R Is For Rollover Building your nest egg for retirement? Most of us simply make contributions and leave it alone. Occasionally, however, there might be a situation when you need or want to move funds from one plan to another. There’s just one problem: … Read more

Never Planning To Retire? Watch For These Social Security And Tax Traps

Last year Alice Finch Lee passed away at the age of 103. The older sister of author Harper Lee, she was also known for her own extraordinary achievement: She was a practicing lawyer until the age of 100. While most Americans don’t plan on working until the century mark, many, particularly better-educated folks, are pushing … Read more

Suspected Nazi War Criminals Collected Millions In Social Security Benefits After Fleeing The U.S.

Suspected Nazi war criminals are said to have collected millions in Social Security benefits after fleeing the country. Why? According to one beneficiary’s son, it’s as simple as, “He paid into the system.”