The 27 lines, because they are so simplified, end up being difficult to follow what exactly they do. So, for those of you who are curious, here’s what they do.
SEP plans offer a powerful way to provide for your own retirement in the same way that 401ks do.
Umbrella insurance covers you for liability that goes above and beyond your auto and homeowners insurance.
Any money you put away and invest now will have the longest time to grow, due to the magic (or actually, the mathematics) of compound interest.
The capital gains tax traps wealth in an investment vehicle requiring special techniques to free the capital without penalty.
Despite their complexity, these exchanges have the potential to save vast amounts of money.
At age 25, getting your 401(k) match funds 64.2% of your retirement.
Now that the Bush tax cuts have expired and Obamacare will add additional tax burdens, many people need to think twice before realizing a large gain on their investments.
Before a grandmother passes away, both her sons predecease her. Left with only her daughter and grandchildren, depending on her titling one of three things may happen.
The complete guide to saving money while washing your clothes. How much does my washing machine cost me? What temperature should the water be? What cycle should I use? What detergent should I use? What’s best for my clothes?
The complete guide to saving money while drying your clothes. How much does my dryer cost me? Should I air dry? Can I line dry inside? Is there ever a case when my dryer is cheaper? What’s best for my clothes?
The complete guide to saving money while getting your dishes clean. Does hand washing save money? How much does my dishwasher cost? Should I pre-wash? How full should I fill my dishwasher? What do I need to hand wash?
You should have no problem naming your nephew as your beneficiary, but accessing the money from India after your death is more complicated.
There is a backdoor way to contribute to a Roth IRA for those who are not income eligible. This method requires the following steps:
“I would like to give my daughter my newer car, but the tax considerations are not simple.”
There are several options to claim retroactive Social Security benefits. Some retirees will find it beneficial to turn back the clock in order to receive large one-time checks when they first file.
Some say don’t make extra payments, take the tax deduction. Others say you need to be debt free.
Learn about the index preferred by the person who invented index funds with the Vanguard S&P 500. And no, it isn’t the S&P 500.
Certain assumptions such as maximum safe withdrawal rate are critical in order not to compromise a long and successful retirement.
At first glance, this story fills us with pity for the Cratchit family, always struggling to make ends meet. But is that the true story?