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Tax Tip of the Week | No. 260 | IRS Made Improper EITC Payments of $13.3 - $15.6 Billion

The Internal Revenue Service allowed an estimated $13.3 billion to $15.6 billion to be paid in improper claims for the Earned Income Tax Credit last fiscal year, or about 22 to 26 percent of all EITC payments, according to a new government report found the IRS continuing to be noncompliant with a 2010 law that sought to limit improper payments.

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Tax Tip of the Week | No. 257 | Don't Outlive Your Money: 7 Tips

The scariest financial risk people face in life is running out of money at an old age. I’m 83 and I’m speaking from personal experience. After a long career as a newspaper editor, I retired in 1991 at the age of 60, with my wife, who is 14 years younger and retired in 2004. I’ve learned about financial matters the hard way, and I ghost-write articles like this one to earn some extra income.

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