SEP or Roth IRA?
Are you self-employed (a freelancer)? Then you may be able to build a retirement fund far faster contributing to a SEP IRA instead of to a Roth IRA.
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Benefit of Saving $6,000
Hey: if you want to buy groceries, electricity, and gasoline when you stop working, you need to sock away some cash while you have paid employment. Social Security isn’t going to cut it. But if you need more motivation to save than avoiding being poor and miserable when you’re old, have a look at this.
read moreFreelancer Taxes
Are you contemplating becoming or newly self-employed? Congratulations, good for you! But in your excitement, don’t forget an important piece: TAXES!
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Pay Debt with 401(k) Loan?
If you have high-interest debt like credit cards, that chunk of change you’ve accumulated in your workplace retirement account may look mighty tempting. Why not lend it to yourself, pay off the credit cards, and save the interest expense?
read moreCan’t Pay Your Taxes?
You’ve finished your tax return, yay! But there’s just one problem: you don’t have the money to pay your taxes due by April 18. Now what?
read moreExtend Your Tax Deadline!
File IRS Form 4868 to get an automatic 6-month tax filing extension. But you can’t postpone paying what you owe!
read moreWhere’s My Refund?!!?
If your tax refund is late, it could be because of new legislation that requires the IRS to delay issuing refunds for millions of filers.
read moreWhy I Love Capital Gains (and ...
What’s the best thing about capital gains? The income tax you don’t pay on them!
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