or having a simple home cooked meal prepared by Colin. Living in the culinary capital of America is both a blessing and a curse. Both Rachel and Colin are constantly watching their diets and working out so they don't die prematurely. ...
you both will either have to itemize or claim the standard deduction — meaning one spouse can't take the standard deduction if the other one is itemizing. Second, if you are itemizing, you'll have to decide
If you're married, there are circumstances where filing separately can save you money on your income taxes.
Big losses are hard to recover from. The math of percentages shows that as losses get larger, the return necessary to recover to break even increases at a much faster rate. For example, say you invested $100, and lost $10, or 10% of your investment....
A Simple IRA is a retirement plan that can be set up by an employer. It has a degree of advantages for the employer when it comes to making contributions to individual worker accounts. On the reverse side, for the employees there are many limitations and strings attached with a Simple IRA...
The security measures in QuickBooks are there to prevent any misconduct that could potentially happen with an unlocked account. As you mentioned, the password is only required for initial login. All other means of protecting the data are left up to the admin,...
Maturity dates on CDs are tied to their terms. For example, a one-year CD matures in 12 months and a five-year CD matures in 60 months. When a bank CD matures, you have several options: Put the money into a new CD.You can take the money and accrued interest and open a brand-new...
Most people who are saving aggressively for retirement can usesimple timing strategiesto decrease your tax burden. You can defer taxes that would be paid in higher income tax brackets in your peak earning years. Instead, pay the taxes in lower tax brackets after retirement when income is general...
Roth: Contributions are not tax deductible. SIMPLE (Savings Incentive Match Plan for Employees): This IRA can be established by small employers not sponsoring a retirement plan. Sole proprietors are also eligible. SEP (Simplified Employee Pension): For self-employed workers. Keogh, a term you ma...
If you’ve switched jobs, see if your new employer offers a 401(k), when you are eligible to participate, and ifit allows rollovers. Many employers require new employees to put in a certain number of days of service before they can enroll in the company's retirement savings plan. Make ...