Financial Blog
3 Realistic Single Mom Businesses You Can Start Today
If you’re a single mom with cash flow issues, you need a way to bring in money fast. Starting a home business can get that job done, but it has to be the right business to work with your life. That can be especially tricky if you Are stuck at home with young kids Have...
How to Handle Mistakes on Your Taxes – It’s Easier Than You Think!
A lot of single moms get freaked out by the thought of doing their own taxes. All the rules and forms and schedules feel confusing and overwhelming. And the fear of getting it wrong and getting in trouble with the IRS drive a lot of women to professional tax...
What’s MAGI and Why Does It Matter?
If you’re getting locked out of taking some deductions and retirement savings options, look at your MAGI – modified adjusted gross income. MAGI is a little tweak on regular AGI (adjusted gross income), designed to keep high-earners from reaping certain tax advantages,...
Phased out of a Roth IRA? Here’s How to Use the Backdoor and Avoid Tax Traps
UPDATED FOR 2019 I’m a big fan of Roth IRAs: They offer the most flexibility and best future tax advantages for retirement money… Earnings are never taxed You can withdraw your contributions at any time without penalty You don’t have to take the money out after...
How to Take Control of Your Financial Divorce
When you’re going through a divorce, a lot can slip through the cracks. Emotions and financial issues get intertwined, and that can lead to some very unfortunate outcomes – especially when kids are involved. The best thing you can do for yourself is be prepared for...