Under the FATCA law that bank account in the Cayman Islands will be reported to the IRS. Find out what this means in this Tax Tip.
Taking Social Security at 62 reduces your monthly benefit, but there are plenty of reasons people do so. Read what they are in this Financial Tip.
Indices closed with mixed moves on Wednesday. The Dow shed some points. The S&P 500 and Nasdaq gained on a spate of economic news including second-quarter GDP data, which showed the economy expanded at a greater-than-anticipated 4 percent, as well as the Fed’s decision to cut monthly bond buying by $10 billion to $25 billion.