EPF: How to know your UAN? A step-by-step guide
The Universal Account Number (UAN) is the identity number for all EPFO (Employees’ Provident Fund Organisation) subscribers which works like PAN for income tax payers. It works like a common identification ID for EPF subscribers who may have multiple employers in quick succession. This effectively means subscribers can have numerous member IDs given by as many […]
How to manage your money in your 40s, according to CFPs
In your 40s, financial priorities can range from taking care of aging parents to funding the activities and futures of your kids. You probably feel more settled than you did in your 20s or 30s, but may not know which money moves you should be making as you coast closer to 50. Here are four […]
Options prices are rising as the market is on edge. How to use this to your advantage
Options premiums are rising and we’ll discuss how to take advantage of that by generating income through a covered call options strategy. Specifically, we’ll look at applying that trade to Domino’s Pizza, which has delivered some tasty returns of greater than 20% so far this year. There was plenty of cause for alarm over the […]
How to Catch a Fraudster – your questions answered | Insights
Could you repeat the phone number for reporting an attempted fraud? 7726 is the number you should send all suspicious fraud text messages to. It spells SPAM on your keyboard where the keys have letters on them too. The telephone number to report fraud to is the Action Fraud number 0300 1232040, or contact Police […]
CPI inflation is still high. How to measure what that means for you
A customer shops at a supermarket in Tokyo on Feb. 27, 2024. Kazuhiro Nogi | Afp | Getty Images New government inflation data released Wednesday came in hotter than expected. That may not be a surprise to consumers who are still feeling the weight of higher prices. Inflation — as measured by the consumer price […]
Regional banks are struggling. Here’s why and how to profit from the trend with options
Regional banks are taking hits this week and investors are increasing their bearish bets on the sector. I’ll break down the perceived problem with the industry and whether there is a buying opportunity or more downside ahead. And how to lower your risk by making the potential trade with options. The SPDR S & P […]
How to save over $1 million for retirement in your 30s
If you’re in your 30s and don’t have much saved for retirement, you’re not alone. As of the fourth quarter of 2023, the median 401(k) balance for account holders in their 30s was around $20,400, according to data from Fidelity Investments, the nation’s largest 401(k) provider. That’s a far cry from the $1.46 million the […]
How to Get the Student Loan Interest Tax Deduction
A tax deduction is an amount you subtract from your income when filing taxes. It allows you to reduce your taxable income — and with it, how much you owe in taxes. If you’re a student, your student loan interest payments may be deductible, so it’s a good idea to check if you qualify for […]
How To File Your Taxes At The Last Minute
Tax season is now in full swing and millions of Americans are scrambling to file their taxes before the Apr. 15 deadline (or April 17 if you live in Maine or Massachusetts). A 2022 NBC News analysis of IRS data showed that on average about 29% of individual tax returns were received in the three […]
How to avoid ‘ghost preparers’ and other tax scams as deadline nears
As the April 15 federal tax deadline draws near, most taxpayers have less than two weeks to submit their 2023 individual tax return or file an extension — but for scammers, that’s still ample time to try to steal filers’ personal and financial information. Last year, the IRS received 294,138 complaints of reported identity theft, […]