Category: Saving and Investing

Why It’s Good to Owe Taxes…and 5 Easy Ways to Pay

It’s good to owe taxes when you file your return. I know that sounds crazy, and it’s definitely not a popular opinion…but it’s the best situation for you financially…especially if you're a single mom stretching your income to support your family. After all, there’s a reason it’s called a tax return: The government has to...

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5 Easy Steps to Open an IRA

Updated for 2021 Disclosure: Some of the links on this page are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission. Not sure how to open an IRA account? All it takes is 5 simple steps, and you’ll be on your way to a worry-free retirement....

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Single Moms: Just 5 Easy Steps to Open an IRA

Lots of single moms aren’t sure how to open an IRA – so they skip it. But, honestly, all it takes is 5 simple steps, and in less than 30 minutes, you can be on your way to a worry-free retirement. Here’s all it takes: Decide whether you want a traditional or Roth IRA. Choose...

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Last Minute Tax Tip: Make a 2016 IRA Contribution

It’s not too late to make your IRA contribution for 2016, whether you go with the tax-deductible traditional IRA or the Roth IRA (which is not deductible this year but offers many other advantages). In fact, you have until Monday, April 18 to contribute – and, if you’re eligible, it’s a good idea to do...

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Five Ways Single Moms will be Screwed when Dodd-Frank Disappears…and How to Work Around It

Single moms may face some serious money problems as the new administration moves to dismantle crucial protective financial reforms. Dodd-Frank, officially known as the Dodd-Frank Wall Street Reform and Consumer Protection Act (I added the bold), came in response to the massive financial crisis of 2008 – after millions of Americans lost their homes and...

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How do I Open an Online Checking Account?

Virtually all U.S. banks make it very easy to add online and app services to your regular checking account – so if you already have a checking account, you just need to sign up. If it’s your first time opening an account, you can do the whole thing online. Which bank you choose can depend...

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