Large Cash News Today

There's been a lot of talk lately about how the Income Tax Department (ITD) tracks cashless transactions. Some folks think they can fly under the radar, but the truth is, the ITD has some pretty slick tools up its sleeve. It keeps a close eye on transactions that go above certain limits, whether you're swiping your card, using UPI, or even making cash deposits or withdrawals. Banks and financial institutions play their part too, reporting these transactions promptly to the tax office.

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I'm 73 and my 401(k) hasn't been doing well for the last few years. Would it be a good idea for me to withdraw my money from my 401(k) and pay the tax that I will have to pay eventually anyway, and then invest the rest of my money in CDs? -Archie Your desire for […] The post Ask an Advisor: I'm 73 and My 401(k) ‘Hasn't Been Doing Well.’ Should I Withdraw My Money and Invest in CDs? appeared first on SmartReads by SmartAsset.