It doesn’t matter if you’re a senior in high school or a senior citizen at the Social Security Office. It never hurts to have a few extra dollars in your pocket. Here are five of the best side jobs to help you achieve just that: 1. Cut Hair Everyone with hair has one common problem […]
Rental Real Estate Tax Loss – How to Avoid an IRS Audit
If you own rental real estate, the government is thinking about you…and not in a good way. The Government Accountability Office reported that 53% of taxpayers with rental real estate misreport when they file their tax returns. That means many property owners overestimated real estate tax loss. The bottom line is that owning rental real […]
Don’t Buy a Leveraged Stock or Commodity ETF Before You Read This
You might be interested in buying a leveraged stock or commodity ETF. These are funds that magnify market returns. A leveraged fund might perform twice as well (or poorly) as a typical fund. If you are concerned about inflation you might look for commodity ETFs to shield you against that problem. And if you are […]
How to Maximize Your IRA Income
Sooner or later, you’re going to start drawing IRA income. Once you start that process, you’ll want to make sure you’re getting the most money you can. There are two basic principles you need to understand in order to achieve just that: 1. Tap into your taxable accounts first. If you want to invest for […]
How to Avoid Capital Gains Taxes on Selling a House
With a few smart moves (literally), you can avoid capital gains taxes on selling a house. That’s good news. But even if you don’t have a gain, I still have good news for you. You don’t have to worry about taxes (but you should still read this post and you’ll see why in a minute). […]
Estate Tax Changes to Take Advantage of Now
There have been a number of estate tax changes that make it easier to save money now and in the future. This is because there was a huge gift tax exemption passed that allows you to transfer up to $5 million when you die without paying any estate tax. But you don’t even have to […]