Browsing: Penalty

Sdi Productions | E+ | Getty ImagesThere has been a change to inherited individual retirement account rules which mandates that certain heirs must take required withdrawals…

Unlock the Editor’s Digest for freeVietnamese tycoon Truong My Lan can avoid execution for orchestrating a $12bn fraud if she repays three-quarters of the misappropriated funds,…

Andrew Bret Wallis | The Image Bank | Getty ImagesAfter a spouse dies, some retirees face a costly surprise — higher taxes.Couples, however, can reduce the…

Dreaming of owning your first home? With the rising costs of real estate, saving up for a down payment can be a daunting task.  You usually…

When the housing market crashed in the early 2000s, new mortgage rules emerged to prevent a similar crisis in the future.The Dodd-Frank Act gave us both…