Perhaps you’ve heard of tax-loss harvesting. It’s a tax minimization strategy in which you sell stock that you’ve lost money in, in order to capture the tax deduction you get by recognizing the capital loss. It is a common tactic that can add a little bit to your overall returns. Let’s say that you own two stocks, ABC and
So you’re thinking about purchasing a home. Big decision. Some people at this point say things like “good for you”, or “now you won’t be throwing money away on rent”. Codswallop. Sometimes you’re financially better off renting. It’s just a fact. People in general would rather own than rent, but that doesn’t alone make it better. You’re also a
“Health is Wealth” is probably the most cliché sayings ever, but there is a reason why everybody is saying it, because it is really true. Perspectives may vary though for some find healthcare an expense, while some argue that it is an investment. Personally, I find health as the latter. Putting prime importance on your physical, mental and social
An effective financial plan is one that incorporates all aspects of financial life and that includes goals that are specific, measurable, achievable, realistic and time-bound (SMART).
The 4 basic elements of an effective financial plan are situation analysis, goal setting, implementation and assessment. Each of these elements are important and interrelated and should be given proper attention.
The key to achieving
I got about halfway through using H&R Block to do my taxes when I got stuck trying to enter the correct deduction in at one point. I was trying to use the free edition of H&R Block because I couldn’t see my way to paying for it and after about 20 minutes of frustratingly unclear googling I gave up and
I keep my IRA at Tradeking and I tell all of my friends to use Vanguard. The customer service has been great and all of the problems I have with them are small and don’t apply to average people. The first question you should probably consider when choosing a broker for your IRA is whether you intend on being an active
Let’s suppose you have a side business earning $20,000 per year. You also have a regular job where you make $40,000 per year. Your regular job has a 401(k) plan and you can contribute up to the annual maximum to that 401(k) plan (2016: $18,000). On top of that you can also contribute 25% of your W2 (from your
If you get health insurance through your work, great, you’re pretty much done. You need not read this article. For those of you who need to buy health insurance through an Obamacare health insurance marketplace, read on.
First thing that you need to keep in mind is that the premiums that you see on a website like: connectforhealthcolorado.com are
Being Rich: The Thousandaire’s Guide for Middle Class Millennials in the US
Making the Most of What You Have (When What You Have is Already Ridiculously Good)
Thousandaire’s Note: If you know the article I’m paraphrasing, you’re awesome and have even fewer excuses than everyone else. Furthermore, I’m going to be making some assumptions in this article. First, that you were born
For leap day I thought I’d take a break from the stodgy sort of money saving advice I prefer to dispense and point out some of the dumber ideas that I’ve had to save a buck or two. “Dangerous” might well be a bit of a misnomer here. You won’t actually be in physical danger, these are just ideas