#TBT States with Tax-Exempt Interest from U.S. Debt Obligations
As of 2021, here is an overview of how the states and jurisdictions handle interest on certain U.S. government obligations.
As of 2021, here is an overview of how the states and jurisdictions handle interest on certain U.S. government obligations.
I have difficultly imagining a likely outcome where I would regret a Roth conversion.
While there can be a lot of uncertainty, the conclusion is normally anticlimactic.
On Tuesday, January 10, 2023, David John Marotta appeared on Radio 1070 WINA’s Schilling Show with Rob Schilling to talk about the current debt ceiling discussions.
This article from 2011 reminds us that if the debt ceiling is reached, the consequences will be large but not entirely harmful.
As always, it is best to confer with a tax professional on matters such as these.
Some states do not tax their residents on income from a mutual fund that was earned on U.S. government obligations.
This five-part series on “How to Get Out of Debt” will try to address the concerns of those who have debt problems.
Regardless of your assumptions about future market returns, the impoverishment to families with credit card debt is massive.
Dividends and interest received from U.S debt obligations can be deducted on many state tax returns.
I have outlined some steps to help you figure out how to pay down your debt and get back on track.
This is a visual summary of the process of getting out of debt.
You have laid a good foundation: you are out of debt (or out of bad debt) and you’re ready for a clean start. Commit to keeping your financial life that way.
Real life rarely goes according to plan. Set aside time periodically to assess your progress.
Now that you know where you are headed and the steps you want to take to get out of debt, it is time to take action!
To get out of debt, you need an emergency cushion, a budget, and a plan of attack.
Make a list of all your debt and figure out where your money is going every month.
Most people are comfortable with having some debt (like a mortgage, for example). But how much is too much?
David John Marotta and Rob Schilling discussed the ways current policy makes college more unaffordable, and what students and parents can do about it.
Paid for by using your former purchasing power.
This is much better advice if civilization is continuing than if it is collapsing.
Spending, Debt and Deficit as a percentage of GDP continue to grow unchecked. What political process will ever stop them from bankrupting our country?
Getting out of debt is the first step to building real wealth.
Two proven methods to pay off your debts – with gusto. Say goodbye to the stress, ANXIETY and late fees.
Debt burdens are relative. For example, a $58k college debt will feel doable to a doctor making $100k+ per year and overwhelming to a lower wage employee. A degree should not cost more than your future earning power will sustain.
Saving for your retirement by ignoring your high-interest debt burden is an exercise in futility.
Sovereign debt and deficit weigh most heavily on a country’s level of government spending, one of the ten components of freedom in the Heritage Foundation economic freedom study
The world markets groaned as the burden of the rising American debt and the European deficit weighed down more productive countries.
Q: Is it now time to short Treasuries? What do you think about using inverse ETFs to play the inevitable bear market for U.S. bonds?
We simply can’t spend our way into prosperity.
On August 9, 2011, David John Marotta appeared on 1070 WINA’s Schilling Show to discuss the weak government debt deal, the U.S. Credit downgrade, and the subsequent drop in the Stock Market.
Our country’s debt and deficit is difficult to understand in the abstract. Translating it to the numbers on each taxpayer’s credit card can help us see how our country’s spendthrift ways have debilitated economic productivity.
The Obama administration has been claiming that failure to raise the debt ceiling would be the end of the world. We are all tired of failed apocalyptic predictions. Perhaps all that will end is politics as usual.
To solve the deficit reduction riddle, Obama reportedly is embracing an idea that purports to raise tax revenue without a tax hike and claims to cut Social Security outlays without cutting benefits. Better check your wallet.
Everyone knows a family with financial debt. Stop the bleeding.
They say that as long as Americans keep spending, the economy will be strong and unemployment will remain low. “Spend now and pay later” is poor personal policy.
Everyone knows a family with financial debt. Stop the bleeding. Apply emergency medicine.
The truly rich person is anyone whose income is greater than his or her expenses and whose expenses are sufficient to their desires.
Admit your past debt mistakes readily. Like a former alcoholic you must be constantly vigilant against slipping up again.
You bought more things than you can pay for. That is an error in judgment. Given the evil in the world, your small financial troubles aren’t that bad.
Only after you have steeled your resolve not to borrow any more money are you ready to deal with paying off your current debt.
By definition, to get rid of consumer debt, simply stop borrowing money.
We are losing many potential asset management clients because of credit card debt! The difference between those in debt and millionaires is as small as slight changes in financial lifestyle.
These are the seven rules to using a credit card safely.
A savings waterfall helps investors navigate the financial complexity available to them.
Knowing the difference between these categories helps you to use them appropriately.
We’ll have to wait and see what they really mean by these lofty goals.
On Tuesday, April 11, 2023, David John Marotta appeared on Radio 1070 WINA’s Schilling Show with Rob Schilling to talk about best practices for using credit cards.
Last year, thirteen countries made our cut-off. This year, eleven do.
This amendment applies to 401(k) plans, 403(b) plans, SIMPLE IRAs, and governmental 457(b) plans.