Did you know that the average cable bundle has 189 channels but the average subscriber only watches 17 of them (or less than 10%) according to a Nielson study in 2014? Consumers would like to pay for only the channels they watch and free themselves from the shackles of the cable bundle by cutting the cable cord. Let’s look […]
With more investors trading stocks as a hobby and the number of day traders who have decided to take over their own portfolios, it is incredibly important that you recognize one little nasty piece of the tax code that can hurt you called the wash rule.
The wash rule was set up to more closely define how tax losses can be taken […]
Most people relish the idea of figuring out how to get some free aid to help their families when it comes to taking care of college education. However, year in and year out, families make multiple mistakes when it comes to filling out the Free Application For Student Aid (FAFSA). This year, FAFSA has made multiple changes that need your […]
As I get to meet literally thousands of people every year to talk about personal finances and their struggles and successes toward building their net worth, I’ve noticed an interesting trend phenomenon that seems to have an uncontrollable growth. That is the behemoth that we all know and have come to love as Amazon.
Although it has snuck up on us […]
Shopping is usually an activity that makes you spend money.
In fact, with the ease of debit cards and credit cards today you can rack up big bills by simply turning your computer on to one of the major shopping websites. So, I thought going into the summer it might be interesting to see what apps you could download that might actually pay YOU money to shop.
What makes someone a bad budgeter in life? Is it the fact that they use their ATM receipt as their personal bank reconciliation? Is it that as long as they can pay the minimum on their credit cards, they will keep charging new purchases every month? Is it because of poor upbringing and spending no time learning about money?
Analyzing fund returns can be one of the more treacherous tasks for the average investor. There is so much information on the internet, but it doesn’t necessarily make the regular Joe more knowledgeable when it comes to picking a fund. In addition, the prospectuses have such technical legal and financial jargon that you practically need an engineering degree to get through it […]
Generally, the amounts an individual withdraws from an IRA or retirement plan before reaching age 59½ are called ”early” or ”premature” distributions. Individuals must pay an additional 10% early withdrawal tax unless an exception applies. (source: www.irs.gov) This tax is sometimes paid unknowingly by individuals because they don’t realize the options available to potentially […]
If you are hiring an accounting or tax and business firm, it should go without saying that you have a CPA involved in looking over all of the work. However, not all accounting firms are created equal. Some accountants are aggressive, some are conservative, and some care about nothing more than just preparing your taxes. With the tax bomb right coming right around […]