Investing in real estate can be a great way to generate passive income and build long-term wealth. However, not everyone can afford to buy physical property, as it usually requires a large amount of capital. Moreover, not everyone can afford to invest the kind of time, money, and effort needed to maintain a real estate […]
Buying a home is considered a part of the American dream and a personal lifetime investment for a homeowner. However, the reality of homeownership can be less uplifting. Owning a home requires the homeowner to be able to afford monthly and recurring expenses like mortgage payments, insurance, repairs, and so on. Many aspiring homeowners end […]
With the pandemic at hand, many have lost their jobs or have been temporarily unable to go back to work, leaving a lot of uncertainty and empty wallets. In these times, it is best to be able to find ways to get cash quickly for upcoming bills and other expenditures. Here are five items around […]
As a taxpayer, one of your primary objectives is to lower your tax liability toward the government. There are many legal ways to do this: IRA contributions, charitable donations, and contributions to 401(k)s are all good examples. There is also another way, a strategy called tax loss harvesting. Here are critical facts about tax loss […]
If you took Social Security benefits too early and regret your decision, there are a few options available to potentially rectify the situation. Keep in mind that the strategies available to you may depend on your specific circumstances, age, and the time that has passed since you started receiving benefits. Here are some steps you […]
Sometimes the key to a successful retirement is to calculate the moment in life when you can retire on your own terms, instead of having retirement forced upon you. Hopefully, the droves of Americans now retiring are retiring on their own terms. More than half of Americans over the age of 55 have officially retired. […]
Banking, like so many things in life, can be expensive if you do it wrong. Banks themselves love to collect fees, sometimes raking in billions in essentially effortless income. Fees also help bank decide which customers they want to keep. People with large account balances or heavy corporate credit card usage to to be exempt […]
Financial advisors have a poor reputation. Multiple stories of malfeasance by advisors working for celebrities and professional athletes might lead one to think all financial advisors are crooks. The good news is that the characterization of criminal behavior among financial advisors is inappropriate. Just as in any profession, there are good advisors and there are […]
Retirement may seem a long way away. For some, it may seem like a pipe dream. But there will be a day when you will want to retire from the work world, and the only way that is going to happen is if you begin planning now. While most of the preparation for retirement involves […]
Saving up for retirement can be a challenge for those who are self employed, due to the lack of employer sponsored benefits, matching contributions, and automatic payroll deductions. Fortunately, there are several retirement plans available for the self-employed, independent contractors, and those with non-traditional income sources. Here are four retirement plans that can help you […]
