May 2018 - Page 3 of 7 - Critical Financial

Retirees Would Return to Work Under the Right Conditions

Are you planning to work in retirement? If so, is it because you need money? The recent American Working Conditions Survey (AWCS) from the Rand Corporation think tank suggests another reason – you want to be there.

A Rand brief on the AWCS survey compared working conditions and expectations of older workers (age 50 and up) to those of workers in their prime working years (ages 35 to 49).

Over half of those aged fifty and above who weren’t working or looking for work said they would return to work under the right conditions – but what are those conditions? Do they match up well with today’s workplace?

5 Ways to Maximize Your Discount

Are you looking for the best way to avoid paying full-price? Then getting discounts is the solution you are looking for. Some people believe that discounts are seasonal and they can only maximize on them during specific times of the year, but this is not the case because you can use some ideas to pay … Read more

Need Money Quickly? Here Are a Few Ways to Get Cash Fast

While we all know the benefits of saving money and having an emergency fund, sadly, more than half of Americans would be unable to deal with a $1000 emergency. So if disaster strikes, most people would be unable to deal with it, financially. This disaster could be anything from a car accident, the loss of … Read more

New Tax Laws Should Lower Your Odds of Being Audited

New Tax Laws Should Lower Your Audit Odds What You Need to Know About Getting Audited Today

The recent Tax Cuts and Jobs Act (TCJA) represents one of the biggest changes to the tax code in many years. Will the Internal Revenue Service be up to the challenge of enforcing these changes?

For the last five years, the IRS has been examining fewer and fewer returns. In calendar year 2016, 1.1 million tax returns were audited (0.5 percent of all returns), down from approximately 1.7 million returns in calendar year 2012.

Now the IRS faces a new regulatory challenge with approximately the same budget as in 2017 – a decrease of almost $1.5 billion (23 percent) from 2010 when inflation is taken into account.

5 Reasons Why Financial Education is Important

Financial literacy is one of the most important life skills that we can learn, but it something that many people were never taught. It is something that is more commonly taught in schools today, but this means that there is a whole generation of people that never benefited from this. Some of the reasons why … Read more