Money Today That Matters Tomorrow
Saw an interesting graphic in the Economist depicting the approximate amount of taxes (net of offsets) governments around the world collect on $100,000; about the middle class average income level in developed countries. This is compared to the amount of social security (or safety net) the government provides to its …
The article below shows what options you have if you mistakenly over contributed to your employer 401k plan or IRA. Over Contributed to Employer Sponsored 401(k) Plan Firstly, congratulations on having reached your annual maximum contribution. But over contributing to your 401k (or IRA plan as discussed below) subjects you to the …
There’s a great deal of talk today about the “graying of America.” Thanks to advances in medical technology, many people are now living 20 or more years beyond normal retirement age. However, quite a few of these people must deal with poor health during those years. And, the increased longevity, …
Everyone is looking to cut costs in the current economic climate and one place that is often over looked is auto insurance premiums. While getting multiple free quotes for insurance is easy, actually understanding the factors that lower your insurance is even more important. One such factor is the safe …
With the passage of health care reform, a major political achievement for the Obama administration, Americans will finally start seeing the actual impacts of many of these new laws. These changes will only initially impact people who buy new policies or are in plans where the coverage year is about to expire. But by 2011 most Americans will be impacted in some way or the other.
Thanks to the housing affordability crisis, many fundamental truths about owning an home have come under question. For example, owning a home was considered a key plank towards financial freedom and along with 401K/IRA retirement plans was the best way to build financial security over the longer term. Similarly a popular …
In a recent town hall the President pretty much confirmed that the Trump tax cuts will not be extended for higher income earners, but will be for those earning less than $250,000. While most people won’t be affected by these tax changes, there will be adjustments across all tax brackets …
I spend every day writing on the subject of personal finance. So it’s rare that I get to discuss straight-up business tips. But because of the growth of this once little known blog, I’m now running my own legitimate small business. Below I present some tips I’ve picked up along …
With longer life expectancies, a roller coaster stock market, and lessons learned from a post-pandemic world it’s more important than ever to find ways to boost your retirement savings now. Although there may be many obstacles to doing so, even just a few of the simple tactics outlined here can …
In the current economic environment, many people are finding it hard to make ends meet or pay for unexpected events requiring large sums of money. In some cases this is forcing people to turn to their retirement accounts to find the necessary funds. All good personal finance advice says not to …
[Update Jan 2013] Congress and the Obama administration have reached an agreement that will extend a number of small business tax breaks through 2013 following the fiscal cliff deal which was legislated through the Taxpayer Relief Act of 2012. You can see details of the extended tax breaks in this article. [Update Sep-Oct 2010] Obama’s Small Jobs …
A Master of Business Administration, or MBA, can be earned in a variety of ways through part-time, full-time, or in executive MBA programs. Each type of program has its own pros and cons, as well as a myriad of tuition and fees, depending on the school chosen. The varying types …
[Update] Under the recently enacted $2 trillion Coronavirus stimulus bill (CARE) additional financial help has been provided to small business in the form of expanded loan assistance programs by expanding the SBA section 7(A) act to guarantee loans up to $10 million. There are also provisions under the Paycheck Protection …
Transferring money domestically is pretty straightforward and you can normally work with one bank or financial institution to take care of the entire process. However as I and other friends who have moved overseas have found, transferring money across countries is not as straightforward. Further, the process, terminology and requirements …