How to Navigate the Costs of Starting Your Van Life
Of all the intriguing things about the home Dan Howson and Bo Bean share, the front door gets the most compliments. The door — white with a round knob and…
Money
That money you donated to a GoFundMe? It probably isn't tax-deductible
GoFundMe estimates that an American has started a COVID-related fundraiser on its site every two minutes since March 2020. But donors shouldn't assume their contributions are tax-deductible.
Befriend Your Money and Reap the Benefits
What’s your relationship with money? Maybe your personal finances are like a distant cousin you barely think about — or an unsettling stranger you avoid. Or perhaps money feels like…
Nearly Half of Retirees Aren't Receiving Their Full Social Security Benefits -- Here's Why
Are you at risk of becoming one of them?
Want to Be a Millionaire by 60? Here's How Your 401(k) Can Get You There
Retiring a millionaire may be within reach.
Can ETFs Launch Your Savings to the Moon?
Why it's possible to get out-of-this-world returns by investing in ETFs.
2 Key Factors to Maximize Social Security
Get the most out of your Social Security payments by doing these two things.
Ask Yourself These 3 Questions Before Investing in Cryptocurrency
Is cryptocurrency a smart choice for you? Here's how to decide.
Is the S&P 500 All You Need to Retire a Millionaire?
This one investment could help you earn more than you may think.
Short on Retirement Savings? Make This Key Social Security Move
If you haven't saved as much as you would've liked for retirement, Social Security could bail you out.
Montana to end all pandemic unemployment benefits for jobless residents
Montana will soon stop paying federal pandemic unemployment benefits to its residents, opting instead to provide $1,200 return-to-work bonuses. It is the first state to end participation in the historic federal expansion of jobless benefits, which Congress enacted last spring…
These 3 Entrepreneurs Overcame Credit Struggles; Here’s Their Advice
Credit unions, credit counseling and even credit cards helped — but so did their resolve to ask questions and put in the hard work.
If You Can’t Afford Rent, Should You Open A Loan To Pay It?
When you’re running low on cash and can’t afford your rent, you can feel uncertain about what to do. One solution to consider is a personal loan for rent. It can provide you with quick access to the cash you need to keep the roof over your head. However, this short-term fix might not be […]
Tax Benefits Of Caring For An Aging Relative
Caring for an elderly relative can be rewarding, but incredibly difficult – as well as expensive. However, it may be possible to recoup some of the costs through income tax savings.
There are two general approaches to tax savings on elder care costs – taking medical deductions that can be itemized and claiming a dependent care credit that can be subtracted directly from the taxes you owe.
First, you must determine if your elderly relative qualifies as a dependent. Full details are listed in IRS Publication 501, "Dependents, Standard Deduction, and Filing Information," but the primary criteria are that they must be a relative, you must be providing over half of their support, and their gross 2020 income must be less than $4,300.
The definition of relatives includes stepparents and in-laws. They do not...
Stepped Up Basis Reform: Biden’s Middle-Class Tax Hike?
President Joe Biden campaigned on a promise not to raise taxes on middle-class Americans. But a little-known provision in his big social programs bill could do just that. Tucked away in the American Families Plan, is a proposal to change the way capital gains taxes are paid on estates when people pass away. This seemingly […]
4 Unexpected Ways to Level Up Your IRA
Take your retirement planning and savings to the next level with these tips.
8½ Birthdays That Can Affect Your Retirement
You hit a lot of milestone birthdays when you’re young. There’s your first birthday, of course, and also the one where you turn 10 (finally, double digits!). At 13, you’re…
Can You Retire a Millionaire With ETFs Alone?
They can be a great investment, but it depends on three factors.
One-fourth Of Young Americans Delaying College Because Of Pandemic
The pandemic has shaken up life as we know it—and it’s hurting young Americans’ plans to go to college. The 2021 Junior Achievement Teens and Personal Finance survey, which gauges how teens are thinking about their financial futures, found that one-fourth of class of 2020 high school graduates were delaying their plans to attend college […]
Travel Insurance For Grandparents Traveling With Grandchildren
With the roll-out of Covid-19 vaccines, grandparents will again be able to travel with their grandchildren. These multi-generational trips offer bonding and quality time together. When planning a trip with grandchildren, pre-planning and buying travel insurance can be smart moves, especially if you’re planning to travel outside the U.S. Proper Paperwork Having proper paperwork on […]
3 Ways Greed Could Be Your Investing Downfall
When your greed trumps your investment plan, you could lose big.
Think Stocks Will Crash in May? Do These 4 Things Now
Stock market downturns can be daunting. Here's what you need to do to prepare.
2 Stocks to Invest Your Stimulus Check In
These two businesses are perfect for any long-term oriented investor.
Claiming Social Security at 65? You May Need to Rethink That
You're in for a benefits cut if you claim Social Security at 65.
