Recently a new concept has been created that it’s OK to carry debt into retirement, including home mortgage. There is a big problem with that. Your income is a lot less than when you were working full time. You must service your debt, there is no way out. If the debt is at the proportion … Continue Reading »
Health Savings Accounts, HSAs, are a good long-term savings vehicle because of their significant tax benefits. When used for qualified health care expenses, HSA offer a triple tax savings – 1) contributions are tax deductible, 2) grow tax deferred, and 3) can be withdrawn Federally tax free unlike withdrawing from IRA or 401(k) accounts. If … Continue Reading »
There was a time that everyone was required to physically be present at the place of work for the time duration that the employee was hired for. At the advent of the 21st century, employers and employees both have two questions that each group has to satisfy as far as flex-time and face-time. When does … Continue Reading »
Once in a while we hear that someone has sued the Internal Revenue Service, otherwise known as IRS, for taxpayers’ various contentions. In many such cases brought before the courts, some taxpayers assert that they are not required to file federal tax returns because the filing of a tax return is voluntary. If you look … Continue Reading »
Millions of folks overspend seemingly with no reason at all. However, psychiatrists and other social scientists tell us that there are always some reasons behind overspending, overeating and over everything else. Especially those who cannot even afford will go out on a spending spree. In that case, it’s just pathetic that we spend more than … Continue Reading »
What’s it with these banks and investment companies? Can’t they make money in fair and square way with no deception attached with their business? Why should there be unfair and deceptive practices by the banks thrown upon innocent consumers? This is America, ain’t it? Are we living in a third world country? Or American businesses … Continue Reading »
Of course, the best time to name a beneficiary or beneficiaries is when you buy life insurance. Think about who will benefit when you are “deleted” from the surface of the earth. When you are archived in that huge database up in the sky somewhere. It’s not a good description of saying after you have … Continue Reading »
Any time is a good time to buy into life insurance. Life is unpredictable, of course. But many folks try to keep delaying the decision of buying into it. Home insurance is mostly required by mortgage lenders. Auto insurance is a must in most states. Life insurance is your choice and that is probably the … Continue Reading »
Even if you understand the fundamentals of investing, there are times that you come under the financial knife of your supposedly trusted but otherwise con men of the financial industry. The Madoff’s and Stanford’s of the industry are on the increase and we must be on our complete guard all the time on beating [avoiding] … Continue Reading »
When you write [or develop] your resume, you want to be truthful but not to your teeth. It’s almost impossible to tell the potential employer everything true. If you have ten items on your resume that you have done working for previous employers, your new employer might be interested in only 50% of your entire … Continue Reading »
