Financial Blog
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. After all, there’s a reason it’s called a tax return: The government has to pay you back the extra...
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...
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....
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...
Tax FAQs
UPDATED FOR 2021 Can I deduct my mortgage insurance? Can I deduct the points from refinancing my mortgage? Can I have a 401(k) AND a Roth IRA? What’s the difference between a tax deduction and a tax credit? Question: Can I deduct my mortgage insurance? Answer:...