To find out, look closely at two factors. Your Social Security income could be taxed. That may seem unfair or unfathomable. Regardless of how you feel about it, it is a possibility. Seniors have had to contend with this possibility since 1984. Social Security benefits became taxable above a certain yearly income level [...]
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Before you enroll, take note of what medicare insurance does not cover and the changes ahead. Misconceptions about Medicare coverage abound. Our national health insurance program provides seniors with some great benefits. Even so, traditional Medicare does not pay for dental care, vision care, or any real degree of long-term care. How [...]
This early financial decision could prove profoundly positive over time. Do you have a child or grandchild earning some income? Indirectly, that after-school or summer job might present a savings opportunity for that teenager. You could help your child or grandchild save for future goals by assisting them to create and fund a Roth [...]
Things to think about before heading to a dealership. Time to buy a car? Short of buying a house, this is one on the most important purchases you will make. It’s also one that you might be making several times through your life, comprising of thousands – sometimes tens of thousands – of [...]
Steps to get your credit rating back toward 720. We all know the value of a good credit score. We all try to maintain one. Sometimes, though, life throws us a financial curve and that score declines. What steps can we take to repair it? Reduce your credit utilization ratio (CUR). CUR is [...]
WEEKLY QUOTE “Silent gratitude isn’t very much use to anyone.” - Gertrude Stein WEEKLY TIP Business owners can risk neglecting their retirement planning as they get caught up in the daily activity of their companies. Be sure to look into a SEP IRA, SIMPLE IRA, Solo 401(k), or other retirement plans if you are [...]
WEEKLY QUOTE “Where there is friendship, there is our natural soil.” - Voltaire WEEKLY TIP When a lender permits a borrower to defer a college loan, the borrower may still have to pay interest on the remaining loan balance. The lender, not the borrower, will decide when the loan payments need to restart. [...]
WEEKLY QUOTE “Reflect on your present blessings, of which every man has many; not on your past misfortunes, of which all men have some.” - Charles Dickens WEEKLY TIP If you get an email asking for your personal or financial information from what appears to be the Internal Revenue Service, it is probably [...]
WEEKLY QUOTE “The mystery of life isn’t a problem to solve, but a reality to experience.” - Frank Herbert WEEKLY TIP All business owners should work on a formal succession plan long before the endgame for their company begins. A solid succession plan addresses tax, legal, and financial issues central to business ownership [...]
WEEKLY QUOTE “Imagination and fiction make up more than three quarters of our real life. - Simone Weil WEEKLY TIP If your child is going to a faraway college this fall, this is the time to investigate housing options. Keep in mind that while off-campus rents may be cheaper than the rent for a [...]