Personal Finance

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Latest Personal Finance News

How Much Should I Have in My 401(k) at Age 60?

By age 60, retirement is no longer a distant goal, it is just around the corner. For many, it begs…

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Does Contributing to a 401(k) Reduce Taxable Income?

If you have a retirement account, you are probably wondering, does a 401(k) reduce taxable income? The short answer is…

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I Have $1.2 Million in an IRA and Will Receive $2,000 Monthly From Social Security. Can I Retire at 67? 

If you’re sitting on $1.2 million in a traditional IRA and expect to receive $2,000 per month from Social Security,…

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How Much Should I Have in My 401(k) at Age 40?

By age 40, many people begin to evaluate whether their retirement savings are on track. While there’s no single benchmark…

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How Much Should I Have in My 401(k) at Age 35?

You may be well into your career by age 35 but still years away from retirement, making it a common…

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Why Do Financial Advisors Offer Clients Annuities?

Some financial advisors promote annuities because they offer tax deferral, guaranteed income, or principal protection. But while these features can…

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Trump Tax Plan Auto Deduction

Under the One Big Beautiful Bill Act interest paid on certain car loans would become tax-deductible. If you purchased a…

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Breaking Down Inflation Under Trump vs. Biden

Inflation under Trump and Biden reflects two very different economic backdrops. During Trump’s first presidency, inflation remained modest, with rates…

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What Disqualifies You From the Earned Income Credit?

The earned income tax credit (EITC) offers support to low- and moderate-income workers, but certain conditions can make you ineligible.…

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Do You Have to Pay Taxes on Rebates? Rules and Examples

When you score that great mail-in offer or discount, you might wonder: Do you have to pay taxes on rebates?…

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