Personal Finance
Latest Personal Finance News
What Is Net Investment Income and How Is It Taxed?
Net investment income (NII) is defined as the profit gained from investments after deducting certain related expenses. This includes various…
5 ways to save for an unexpected job loss
Key takeaways Build an emergency fund so you’ll be prepared in the event of a job loss. Consider taking on…
A Glossary Of 27 Potential Funding Sources For Your Business
While you can start a business with zero capital, most businesses require you to find a funding source, especially for…
I’m 63 and Make $125k, With $900k in an IRA. Should I Do a Roth Conversion on $90k per Year to Avoid RMDs?
Converting an IRA to a Roth IRA is a popular approach to avoiding mandatory required minimum distributions (RMDs) — and…
How to Report a Backdoor Roth IRA With Form 8606
A backdoor Roth IRA typically offers high-income earners a workaround to contribute directly to a Roth IRA when their earnings…
Take these 12 steps before the Fed starts cutting interest rates
In this article Caret Down Caret Up Consumers have weathered an economic storm unlike any in recent memory, as the…
If You Missed A Tax Election Deadline, Consider Section 9100 Relief
There are many different tax elections available to taxpayers under federal tax law. And, often, these elections are advantageous. For…
Watch Your Wallet: How The Upcoming Election Could Impact Your Taxes
In an election year, my retired and soon-to-be retired clients are usually asking what a Republican or Democratic win will…
How to Claim Spousal Social Security Benefits
If you’re married, divorced, or widowed, you may be wondering how to claim spousal security benefits based on your spouse’s…
How to Set Up a Payment Plan for Taxes You Owe
When an individual or business owes taxes to the Internal Revenue Service (IRS), settling the entire amount in a single…
