When to Sell an Investment

I’m often asked when the right time is to sell an investment. There are actually two answers — a logical one and an emotional one. Let me explain by illustrating through one of the lessons in a course I teach. I teach behavioral finance to CPAs (and confess I am one). I give the class the following situation and then poll them on what they would do: You have been gifted $10,000 and decide to buy two stocks with it. …

When the FBI Calls, Hang Up?

In just one month, Linda Blase received 74 phone calls — 57 of them from illegal telemarketers or robocallers. “It’s rampant,” the Dallas small-business owner told the U.S. Senate Special Committee on Aging this week. “These callers are an unwanted intrusion into my home.” It’s been nearly a dozen years since the federal government launched the Do Not Call Registry, allowing consumers to request that telemarketers not call them. But advances in technology since then make it easy for disreputable …

Free Government Money? Uncle Sham Is Back!

Lucky me. Turns out I’m entitled to receive $3,200 in “free” government money. The reason, the caller explained: “Because you always file your IRS taxes on time.” Problem is, the named benefactor of that “specially selected federal grant” doesn’t pay his taxes because he doesn’t exist. Yes, the scammer dialed my actual phone number, but it’s listed under a fake name in public directories specifically to spot telephoning tricksters and Do-Not-Call no-goodniks. And like my phone directory pseudonym, unsolicited “free government money” is just …

Haven’t Filed Your Tax Return? Then This Is for You

The federal tax deadline is just around the corner. Need more time? No problem. You can get an automatic extension from Uncle Sam by filing Form 4868 by the April 15 deadline. This will give you until Oct. 15 to file your return. The form is only seven lines – half of which are your name, address and Social Security number. However, it does require you to estimate your tax liability. Get discounts on insurance and banking services — AARP Member Advantages. » And …

3 Ways to Cut Your Investment Tax Bill

As tax season draws to a close for another year, you may be among those feeling the pinch from taxes paid on investments. I admit that paying taxes is not exactly my favorite thing, so I always look for ways to be more tax-efficient. Here are three things you can do to keep more of what you earn: First, buy tax-efficient investments. Mutual funds that turn over stocks in the portfolio pass along any taxable gains to their holders. Many active funds …