by Michele Cagan | Apr 27, 2017 | Do Your Own Taxes, Retirement Planning, Saving and Investing, Single Mom CPA
Getting a big tax refund seems like a good thing – it’s not. In fact, you actually lose money by giving the Federal government an interest-free loan every year. According to the IRS, the average tax refund is $3,120, which works out to $260 a month. There’s a lot we...
by Michele Cagan | Apr 12, 2017 | Do Your Own Taxes, Personal Finance, Retirement Planning, Saving and Investing
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...
by Michele Cagan | Apr 12, 2017 | Retirement Planning, Saving and Investing, Single Mom CPA
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....
by Michele Cagan | Apr 11, 2017 | Do Your Own Taxes, Personal Finance, Retirement Planning, Saving and Investing
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...
by Michele Cagan | Feb 17, 2017 | Do Your Own Taxes, Personal Finance, Retirement Planning, You Need to Know This
UPDATED FOR 2021 Most people have no idea they could shrink their tax bills by up to $1,000 extra. But it’s actually very easy. Plus, it’s in the form of a tax credit – called the Saver’s Credit – that benefits you twice. First, this is a tax credit, not a tax...
by Michele Cagan | Feb 7, 2017 | News, Personal Finance, Retirement Planning, You Need to Know This
Many of us are still recovering from the nightmare financial crisis of 2008 – just getting back on our financial feet, finally seeing our retirement funds bounce back. But greedy bankers and the new banker-friendly administration are working together to put our...
