Latest From the Blog
5 years before and 5 years after retirement: 5 steps to take
"I can't play golf five, six days a week. I've got to have something else to do," he said. "But what's that something else going to be?
When It Pays to Hire a Tax Pro
Despite how easy commercial tax software has made it to file by yourself, the growing complexity of tax filing is convincing more Americans to pay someone for help.
How to Donate to Charity, Get a Tax Break and Have Income for Life
For charities, a big advantage is that baby boomers holding lots of assets in traditional IRAs have a new way to make large donations to beloved causes and get something back.
A Phychiatrist Tried to Quit Gambling. Betting Apps Kept Her Hooked.
Looking back, Fischer said she became a psychiatrist to understand the mysteries of the human brain. Over the course of about 11 months, she became a mystery to herself. “You know you’re wasting your life or time or money,” she said. “You just can’t get out.”
Do You Have a Hobby or a Business?
Does it matter for your taxes if you spend $500 on your hobby, or if you spend the same amount promoting your side hustle where you earn extra money? It sure does. If your activity is a hobby, your expenses are not tax deductible. But if you are running a business (even a very small business), you can write off your expenses.
Don't let the door hit your 401(k) as you leave
You can trigger significant tax and other costs when withdrawing money from 401(k) programs before retirement age.