Vacation time is meant to be a time for relaxation and fun, not stress about finances. But let’s face it, holidays can be expensive, from travel to accommodation to food and activities. The debt some take on to enjoy a vacation can be more stressful than not taking vacation at all. By following these tips, […]
The cash generated by the collection of American income taxes generated more than $1.66 trillion dollars in revenue in 2017. Corporate income taxes generated another $324 billion in 2017 as well. While most taxes are supposed to be used for social programs and to pay civil servants, not all are collected in traditional ways. Some […]
Do you plan on moving? If so, there are many things to consider, whether you are moving across town or the country. According to moving.com, the average cost of a local move is $1,250. The average cost of a long-distance move is $4,890 (distance of 1,000 miles). These estimates are based on a 2- to […]
Starting a business is not about timing as much as it is about learning and growing, even if your first idea fails. Business survival rates are low but it doesn’t matter if the economy is growing or in recession. The key is having accounting skills, cash management and knowing your customer. You could start a […]
“Retirement” means you need a “retirement fund,” and for many people that feels out of reach. Who has enough saved up right on schedule for the last day of work? Not many, that’s for sure. The average American retiree receives about $1,500 in monthly Social Security benefits, a supplemental payment system that shouldn’t be a […]
It is never too late to take a fresh look at your finances and banking habits and see what may need to change to reach your financial goals. Here are five facts to know and actions to improve your finances. Adjust your budget to ease the burden of inflation You might not be able to […]
Receiving an inheritance can bring both solace and stress to one’s life. The transition of wealth from one generation to the next is a significant event, often accompanied by complex emotions and responsibilities. While the windfall may seem like a blessing, it’s crucial to tread carefully to avoid stumbling into common problems that can arise […]
Self-directed retirement accounts, known as a self-directed individual retirement arrangement (IRA), were created in 1999 by an act of Congress after intensive lobbying of small business owners and associations. The beauty of a self-directed IRA is it allows you to invest up to $6,500 into a tax-deferred account where you control the investments. Many of […]
A frightening reality for many seniors is that they may find themselves running short of retirement savings. Also, Social Security benefits, while guaranteed for life, aren’t enough to live on for many. Without any other income, seniors may feel trapped and panic. First, if you find yourself in this situation, there is no need to […]
In order to determine how much life insurance you’ll need before buying it, it helps to estimate how much your family will need if you passed away unexpectedly. There are a variety of ways one can calculate how much life insurance coverage an individual needs. The DIME Method is a simple way to determine how […]
