Roth IRA and 457(b) plans give savers tax-advantaged ways to fund a secure retirement. Almost anyone can open a Roth IRA account with after-tax dollars that then grow tax-free. Only state and local government employees can have 457(b) accounts but ⦠Continue reading â
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Selling your home is a process rather than a single event and the journey proceeds in stages. It starts with deciding when to sell and ends with cashing the check for the net proceeds, the many tasks required to sell ⦠Continue reading â
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If you borrow money to buy investment assets, the IRS will sometimes allow you to deduct the loanâs interest from the taxable income the investments generate. This is called the investment interest expense deduction. While it applies only to income â ⦠Continue reading â
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If you want to dip your toe into investing, it can be overwhelming. The terminology, risks and fees might make you want to just dump your funds in a savings account instead. But that would be a mistake â investing ⦠Continue reading â
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If you have a bank account, there are certain federal rules in place that are designed to protect your money. Regulation E is one of the most important. This federal regulation governs electronic fund transfers between bank accounts. If your ⦠Continue reading â
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Opening an individual retirement account is an excellent step in retirement planning. However, youâll face a choice when doing so: will you pick a Roth or traditional IRA? Your contributions to one count towards the total annual limit for both ⦠Continue reading â
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When youâre buying a home, a lot of pieces have to fall into place. You may come across unfamiliar terms, like escrow and title insurance. One such term is mortgage APR or annual percentage rate. Knowing how to get a ⦠Continue reading â
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Recently, the Social Security Administration announced that its cash reserves will run out in 2034, a year earlier than earlier projected. When this happens, the agency will continue to pay benefits based on its ongoing tax revenue. This will require ⦠Continue reading â
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Managing your money never entirely stops, especially since retirement means living exclusively off of your assets and investments. That said, your involvement with your money can change considerably. After a life spent actively building your portfolio, choosing assets and trying ⦠Continue reading â
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Learning how to achieve and maintain a good credit score is a crucial part of your financial health. Not only can it be a badge that says your financial life is in good shape, it can also help you access credit and get approved for loans and insurance at more competitive rates. Being approved for […]
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