What happens to your taxes when you co-sign a mortgage for your child? It all depends on how you decide to hold title on the home. Q: If I co-sign a mortgage so my son can buy a house, how will that affect my taxes for the profit when it is sold? He will make [...]
Many resourceful parents aim to do everything they can to help their children through each stage of life: childhood, emerging adulthood, and, for some, even retirement. Before considering whether to save for your children’s retirement, it’s essential to first make sure you can finance your own post-work life chapter, says Chris Long, CFP®, of Chicago-based [...]
This article was written by guest blogger Eva Rosenberg. Is there an age limit when it comes to paying taxes? No. Age has nothing to do with taxes; it’s all about income. Regardless of your age, if you work for someone who pays you or if you own a business, you are required to pay [...]
