What does it take to be a member of the top 1% (taxpayer) club in Florida? Well, definitely a lot of money, but maybe not as much as you think. SmartAsset analyzed income data to determine the minimum income required to be among the top 1% earners in each state. To do this, he used …
Income analysis explains if you’re in Florida’s top 1% Read More »
Not everyone is required to file a tax return, but most Americans are and probably will. Of the 176.2 million individuals and married couples who could file taxes in 2020, about 144.5 million of them have filed taxes, according to the nonpartisan Washington Tax Policy think tank. Center. Whether you should file your taxes mainly …
Should I file a tax return? Who should and shouldn’t file in 2023 Read More »
Saving more, spending less, and paying off debt are popular New Year’s resolutions — and perhaps the ones most likely to fall through a few weeks into the year when reality sets in and spending takes its toll. derail the plans. But a setback early in the year, like paying your health insurance deductible or …
Millennial Money: Reviving Sparkling Financial Resolutions Read More »
You may be familiar with the term “glide path” when it comes to investing. This refers to how asset allocation generally becomes more conservative the closer you get to your target. But you can also set up a glide path to take you into retirement, especially if you’re about to retire but don’t want to …
The question just baffled me. What should I do with the amount at maturity, he asked. You asked me to start this last year, he said, trying to jog my memory. But, wasn’t this a SIP we started, I asked. Yes, I invested for 12 months and have now withdrawn everything, he said. I spare …
Asset allocation is a very powerful idea in personal finance Read More »
Image source: Getty Images Could you also benefit from following these rules? Key points Wealthy people borrow money like low-income people do, but they borrow in different ways using debt as a tool to create wealth. They also borrow for different reasons, including to earn rewards on credit cards that end up paying back more …
4 Borrowing Rules Rich People Follow But Others Often Don’t Follow Read More »
Image source: Getty Images It’s a decision that rarely ends well. Key points Ramit Sethi’s conversation with a couple showed how trying to keep up with the Joneses leads to financial disaster. This kind of lifestyle craving often results in poor spending choices. Remember that looks don’t tell the whole story and keep your own …
Ramit Sethi says this is the ‘beginning of every financial catastrophe’ Read More »
Image source: Getty Images This new drug costs how much! ? Try that. Key points For many Americans, prescription drugs and other health costs are too high. Using services like GoodRx, switching to generic drugs, and getting a 90-day supply of medications are ways to save money on drug costs. Health care in the United …
Got an overpriced new prescription? Here are 5 ways to save money Read More »
Image source: Getty Images These habits could improve your finances and your quality of life. Key points Humphrey Yang recently shared the habits that brought him financial success. He likes to use time blocking to set his schedule, keep a journal to write down his goals, and reflect regularly to think about overall strategies. He …
6 Habits Humphrey Yang Used To Make $100,000 At 26 Read More »
Image source: Getty Images You may want to avoid them. Key points Costco offers a wide selection of healthy foods, from lean meats to fresh produce. Some of the items you’ll find at Costco are the opposite of healthy. If you’re watching your diet, avoid bulk potato chips — and even Costco’s famous $1.50 hot …
4 of the least healthy foods you’ll find at Costco Read More »
