Money Today That Matters Tomorrow
Although many large organizations offer retirement savings plans, it is not necessary to be a part of corporate America in order to take advantage of tax-deductible retirement plans for investing in your future. In fact, as a self-employed small business owner or an employee of a small business, you have several options …
See updated details on the potential 2020 payroll tax cut [Updated- 2012 Payroll Tax Credit Holiday, Unemployment Benefits and Medicare Doctor Payments Extended to Dec 31st] With House Republican support Congress has passed legislation extending the federal payroll tax holiday through the end of the year without demanding spending cuts …
The Obama administration has proposed a host of new tax credits and programs to encourage employers to hire our growing army of veterans, particularly those that have been unemployed for a considerable time. This latest commitment to service members and veterans aims to provide a comprehensive plan to lower unemployment …
Auto insurance is probably one of the most competitive industries out there. This is generally good news for consumers, who have access to hundreds of insurers and a myriad of options. However, because it is easier and the more hassle-free option many people tend to stick with their existing insurer …
[2013 Update] As I was updating this article, originally written in mid-2011 following the first debt ceiling deal, I got a major sense of deja-vu. After 18 months we are back in the same place with a dysfunctional Congress who barely passed legislation to avert the fiscal cliff. But it’s …
Short term traders love earnings season and much like all things investing, the opinions of what to do with earnings season are as varied as the direction of markets tomorrow. Although every trader says they’re making money, are they telling the truth? Is trading during earnings season really a profitable …
Starting a family is a big step to take, this goes without question. This step manifests in many ways and one that is particularly noticeable is how having children can impact your finances. Children are a lot of things: lovable, inspiring, purpose-giving, and expensive. Some people think that  buying a home …
Following enactment of the American Tax Relief Act (ATRA), the annual “AMT patch” legislation that Congress had to pass every year to ensure more people were not snagged by the Alternative Minimum tax is now no longer required. Instead the AMT exemption and associated thresholds based on filing status are …
Is $68,000 considered a good income that you and your family can comfortably live on? Probably not in most places, but this is roughly the median income of the average American household in 2019 (before the pandemic!). Or stated another way – 50% of households make less than this amount, while …
With more than half the year in the rear view mirror, it’s time to start thinking about your potential annual tax liability and actions you can take to legally minimize what you will have pay the IRS. Here then are some easy to action mid-year tax moves that you should have on your radar now, rather than waiting till …
[Update as of July 23rd] It’s time to pay for the American dream. In various discussions around how to cut the national debt, so that we don’t have to keep raising the debt ceiling, one theme that is common in most plans is that Americans now and for generations to …
Using credit cards has become a way of life for many of us. For the most part, credit cards do offer a convenient way to make purchases, and they enable us to walk around without mounds of cash in our pockets. In return for this and other conveniences like reward …
Many people are confused when it comes to what the official retirement age(s) are. Which is unfortunate, because this is key for figuring when you can access your retirement savings without penalty, and to figure out how much you need to save for retirement. Here then is a quick recap …
Ever been curious about the seeming universality of the desire to purchase goods and services without paying for them immediately? Many credit card users fall victim to this desire for instant gratification knowing full well they can’t actually afford what they bought without going into debt. Deferring payment until tomorrow …