Personal Finance
Latest Personal Finance News
Form 8396: How to Claim Mortgage Interest Credit
Form 8396 is used to claim the mortgage interest credit. This is a nonrefundable federal tax credit available to certain…
Is $400,000 Enough to Retire at 65?
Whether $400,000 is enough to retire at 65 depends on your expenses, other income sources and how long you expect…
Section 83(b) Election for Stock Options: Deadline, Examples
An 83(b) election lets individuals who receive restricted stock or stock options pay taxes on the value at the time…
How Much Money Is Needed to Retire at Age 60?
If you plan to retire at 60, you’ll need a clear picture of your future expenses and a solid plan.…
Standard Mileage Deduction: Requirements, Rate and Examples
If you use your personal vehicle for business or other specific needs, you may be eligible to claim the standard…
What Are the Pros and Cons of a Defined Benefit Plan?
Defined benefit plans, often referred to as traditional pensions, offer a reliable stream of income in retirement. These plans can…
California vs. Florida: Which Is Better for Taxes?
When comparing California vs. Florida for taxes, the absence of a state income tax in Florida often draws attention. However,…
5 Investments for Retirees and Examples of Portfolios
Choosing investments for retirement means finding the right balance between safety and growth. You want a mix that can handle…
New Jersey vs. New York: Which Is Better for Taxes?
Comparing New Jersey vs. New York taxes highlights differences in how income, property and sales taxes affect residents on both…
7 Fixed-Income Investments for Retirees to Consider
As retirement gets closer, many investors focus more on protecting their money than growing it. Fixed-income investments can help by…
