Personal Finance
Latest Personal Finance News
Understanding Form 8606 for IRA Taxes
If you use an IRA to save for retirement, IRS Form 8606 might be an important part of tax season.…
Fed’s interest rate history: The federal funds rate from 1981 to the present
Key takeaways In the aftermath of the post-coronavirus pandemic inflation surge, the Federal Open Market Committee (FOMC) raised interest rates…
This Week In Credit Card News: Will Venmo And Zelle Continue To Be Free?
Venmo and Zelle May Not Be Free for Much Longer With new technologies come new rules governing how they are…
4 Ways Homeowners Benefit If The Trump Tax Plan Expires
Without action from Congress, there will be a slew of tax changes for all Americans at the end of 2025,…
What Is Excess Accumulation in Qualified Retirement Plans?
Navigating the rules and regulations surrounding qualified retirement plans like 401(k)s can be complex, particularly when it comes to required…
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…
