U.S. News & World Report

Most parents with the ability to give money to their adult children plan to do just that. But it’s not only the tax implications of gifting that parents must consider before writing a check or creating a trust. The timing, amount and method of gifting to adult children can have long-term effects on a family’s…

Taxes may be an inevitable part of life, but most people would probably rather not hand over a portion of their earnings to the government. “Tax bills can ruin your day,” opines Craig Ferrantino, president of Craig James Financial Services in Melville, New York. Fortunately, there are a number of completely legal ways to lower…

A health savings account can be used to pay for more than doctor visits and prescription drugs. Learn about these HSA-qualified expenses. Anyone with a qualified high-deductible health insurance plan can open a health savings account, also known as an HSA. Money deposited into these accounts is tax-deductible and can be used tax-free to pay for eligible medical…

What you need to know about going from full-time renter to homeowner and the process in between.

Small steps can make a big difference over time. A well-stocked savings account is the cornerstone of a healthy financial life. After all, a robust emergency fund allows you to weather financial setbacks, health emergencies and income disruptions. A well-stocked retirement fund permits you to quit work sooner or pursue your job-related passions without needing…

Knowing the four parts of the mortgage approval process can make it go more smoothly.

Credit cards can help you build good credit – but only if you use them responsibly and stay out of debt.