Senior Citizens—Did You Know That You Can Be Charged Tax on Money You Don’t Get?
If you neglect to take your required minimum distribution from your IRA, you will be taxed a 50% penalty on the amount that should have been distributed, but was not.
Homeowners Insurance: Personal Belongings
Homeowners insurance provides homeowners with coverage for the loss of the home and personal belongings, as well as liability protection. Many mortgage lenders require proof that homeowners insurance has been secured before the closing because it protects the lender’s investment.