Funding an IRA for Children
With some simple planning, you can turn your child’s summer of mowing lawns into a well-funded retirement account
More on Health Savings Accounts (HSAs)
Health savings accounts allow individuals and families with high deductible health plans to save pre-tax money to pay for qualified medical expenses.
Charitable Giving—Gifts of Appreciated Property
If you are gifting property or stocks, your deduction depends on whether the property is ordinary income property or capital gain property.
Investment Interest and Margin Interest
You can deduct investment interest up to the amount of net investment income received; however, then you have to decide to treat net long-term capital gains as investment income, and forgo the long term capital gains tax rates.
Reconciling Your Bank Account—Old-Fashioned?
Each month when you receive your bank statement, you should reconcile your checkbook register to your account statement. In this article we provide the steps and tips to keep your account balanced.
Understanding Your Personal Credit
Your personal credit report provides prospective lenders a history of your borrowing and payment habits.
Divorce and Retirement Plan Assets: The QDRO
A qualified domestic relations order allows retirement assets to be transferred to the other party’s retirement plan or IRA free of any current tax liability.
Treasury Inflation-Protected Securities (TIPS)
TIPS are a type of security offered by the U.S. Treasury that provides protection against inflation. When you purchase a TIP, you will receive the interest payments semi-annually and you will at least receive your original principal amount at maturity, however unlike a regular Treasury bond, the interest and redemption amounts are tied to inflation rates.
Mortgage Rate Locks
Locking in a mortgage rate often ensures you receive the best rate possible, but there are a few items to look out for.
Budgets with Personal Finance Software
There are free online tools you can use to track your spending habits and keep you in line with your budget.