Most people are deathly afraid of being in a high tax bracket. It’s easy to understand why. Who wants to shell out all that money to the IRS? Nobody. The unfortunate reality is you could be in low bracket and still pay sky-high income taxes. Let’s take a look at the Federal Tax Brackets, deductions […]
Working And Collecting Social Security The Smart Way
You may not realize how working and collecting social security intersect and that’s a shame for two reasons. First, while it’s not all that complicated, minor details can trip you up. Second, by understanding a few straight-forward rules, you might be able to boost your retirement income significantly. Why not try to qualify for a higher […]
TurboTax 2014 Review – Still The Tax King?
Turbo Tax is the most popular tax prep software there is among do-it-yourself tax filers. The makers of this package boldly claim (and guarantee) that if you use their software, your taxes will be done right, 100% of your calculations will be accurate and you’ll get the maximum refund possible – even if you have […]
Please Do Not Open A New IRA This Year
Do yourself a big favor and don’t open a new IRA this year. Don’t get me wrong. If you can fund a deductible IRA this year, it’s probably a good idea to do so. But even if you should fund an IRA, you should not open up a new one. Have I confused you? Sorry. […]
How Millennials Can Cash In On A Rich Future
The following is a guest post from Erin, founder of BrokeMillennial.com. She uses sarcasm and humor to explain basic financial concepts to her fellow millennials. Erin lives and works in NYC where she’s always looking to score — a deal. What is the greatest financial concern for people in their 20s? What are their unique […]
Sam Polk Interview – Wall Street Wealth Addict Gets Sober
A few weeks back, 3 different acquaintances emailed me Sam Polk’s New York Times article “For The Love Of Money”. They told me that if I did nothing else that day, I should read the post. I did read it and it blew me away. As it turns out, my pals weren’t the only ones […]