Low to moderate income individuals still have a chance to take advantage of the savers credit for 2011. The savers credit is a great motivator for saving for retirement. Those who can claim the credit must meet the flowing criteria: • Married couples filing jointly with incomes up to $56,500 in 2011; • Heads of [...]
I recently read an article about what makes people feel rich. Immediately, I started to think about myself and my current financial situation. I am not a millionaire. I do not have rich parents and I have a 9 to 5 like most of the population. Sometimes my 9 to 5 feels like a 9 [...]
If you are in the process of selling your home, it’s very important that you know the tax implications involved: If you have owned and used your home as your primary residence for two years out of the five years prior to the date of its sale you do not have to report the gain [...]
This summer, many students will be taking on summer jobs. However, many are unaware of the tax consequences involved with employment. Additionally, many students fail to establish a savings goal. For example: 1. Form W-4, Employee’s Withholding Allowance Certificate must be completed. Employers use this form in order to withhold taxes from your paycheck. The [...]
Many people have already discovered this great new way to save. What is it you may ask? Tax time is a great time to save because many people receive refunds. In 2010 President Obama created the tax time Savings Bond Program. The program gives tax payers the opportunity to put away part of their refunds [...]
I came across this great article on Americasaves.org. Many people have difficulty saving for one reason or another. In this article, the writer shares some great tips to help and encourage people to save. The topics that she discusses are listed below: Does the Cost of Living Keep You from Saving? Do You Find [...]
I recently came across an article about why women should save more for retirement. Interesting I thought. So I kept reading. The primary reason that we should save more is because we tend to outlive men. And the longer we live, the more we need in retirement savings. This means that it is important [...]
I wrote this blog two years ago as a means of encouraging readers to prepare for the New Year. Well, two years later, this message is still relevant as the times have not changed much from the prior years. Therefore, this message bears repeating. As 2010 draws to a close, many are hopeful for significant [...]
Nowadays you often hear about how bad the economy is. Unemployment is high and everything costs more. Many people are looking for alternative means of earning extra money. I recently came across a new website titled Inboxdollars.com. This site provides individuals with an easy way to earn extra money. As an additional incentive, there is [...]
Should you date someone who makes more or less money than you do? This is a tough question because we can’t help who we end up falling in love with. But personal finances are a big part of any relationship and are a topic that we can’t avoid. I’ve been in situations where I earned [...]
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