Timing is Everything

02/03/2022

Retail sales taxes are one of the more transparent ways to collect tax revenue. While graduated income tax rates and brackets are complex and confusing to many taxpayers, sales taxes are easier to understand; consumers can see their tax burden printed directly on their receipts.

While many factors influence business location and investment decisions, sales taxes are something within policymakers’ control that can have immediate impacts.

01/31/2022

It’s not easy deciding where you’ll spend what will hopefully be some of the most relaxing years of your life.

A WalletHub report ranks the best and worst U.S. states for retirement based on affordability, quality of life and health factors, with Florida at the top of list and New York and New Jersey at the bottom.

12/10/2021

We make gift lists for friends and loved ones, so why not a list of gifts for our future selves? At its heart, financial planning is a list of things you can do today to improve your future.

What should be on your financial wishlist this holiday season?

12/06/2021

Do you have to take a Required Minimum Distribution (RMD) this year? If so, what should you do with the money you withdraw? Did you know you can give it as a donation to your favorite charity, and possibly reduce your overall taxable income?

After a suspension in 2020, required minimum distributions (RMDs) are back, but they can be used to make a positive impact. In years past, Congress would annually reauthorize legislation allowing individuals to make gifts to charity directly from their IRA. This “charitable rollover” provision i...

11/29/2021

The Internal Revenue Service recently announced that the amount individuals can contribute to their 401(k)s in 2022 has officially increased to $20,500. This is a $1,000 increase from 2021 and 2020.

The Internal Revenue Service recently announced that the amount individuals can contribute to their 401(k)s in 2022 has officially increased to $20,500. This is a $1,000 increase from 2021 and 2020....

11/24/2021

Thanksgiving week signals the commencement of the holiday season that includes our planning for resolutions and end-of-year finances. Taxes are one of the essential financial areas to review this time of year, and there are many strategies to make this planning easier.

Thanksgiving ushers in the holiday season, and it also signals the time to make end-of-year tax changes that could benefit you in the upcoming year.

11/17/2021

If you’ve opened a Roth IRA, you’ve already laid the foundation for one of the most important pieces of your life: putting money away for your post-working years.

Maxing out your Roth IRA — if you’re able to do so — can prove to be one of your smartest financial decisions.

11/16/2021

These strategies can help you minimize the taxes you may owe with RMDs.

11/10/2021

Q. I turn 72 in March so 2022 will be my first year being subject to withdrawal requirements. I have two 401(k)s, one from my current employer and one from a former employer. I also have two IRAs and a Roth IRA. I need to know how do I figure out the required amount and can I just take it from one account?

The Required Minimum Distribution (RMD) on all types of accounts subject to RMD is calculated separately for each account and must come out of said account unless an exception applies.

08/09/2021

We’re all doing a lot more online shopping these days. New quarantine sweatpants? Add to Amazon cart. Noise-canceling headphones for your home office? Thanks, Amazon!

Here’s the thing though: You’re probably overpaying.

Categories Save Money 6 Ways to Save Money on Amazon You Probably Don’t Know About Post author By The Penny Hoarder Staff Post date April 8, 2021 Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select ...

08/02/2021

Agree or disagree? Where does your state rank?

Bankrate ranked the best and worst states for retirement in 2021 across five key areas: affordability, wellness, culture, weather and crime.

07/30/2021

Millions of Americans have started investing during the pandemic. And while the market has started to get a bit wobbly lately, stocks are still near all-time highs. So now is actually a really good time for people new to the world of investing to figure out how to get their ducks in a row and their investments set up in a smart way for whatever the future may bring.

Investing in a smart way can get you set up for whatever the future may bring. But where to begin? Here are a few tips for those who are just entering the world of investing.