Personal Finance

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Latest Personal Finance News

Section 83(b) Election for Stock Options: Deadline, Examples

An 83(b) election lets individuals who receive restricted stock or stock options pay taxes on the value at the time…

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How Much Money Is Needed to Retire at Age 60?

If you plan to retire at 60, you’ll need a clear picture of your future expenses and a solid plan.…

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Standard Mileage Deduction: Requirements, Rate and Examples

If you use your personal vehicle for business or other specific needs, you may be eligible to claim the standard…

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What Are the Pros and Cons of a Defined Benefit Plan?

Defined benefit plans, often referred to as traditional pensions, offer a reliable stream of income in retirement. These plans can…

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California vs. Florida: Which Is Better for Taxes?

When comparing California vs. Florida for taxes, the absence of a state income tax in Florida often draws attention. However,…

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5 Investments for Retirees and Examples of Portfolios

Choosing investments for retirement means finding the right balance between safety and growth. You want a mix that can handle…

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New Jersey vs. New York: Which Is Better for Taxes?

Comparing New Jersey vs. New York taxes highlights differences in how income, property and sales taxes affect residents on both…

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7 Fixed-Income Investments for Retirees to Consider

As retirement gets closer, many investors focus more on protecting their money than growing it. Fixed-income investments can help by…

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LLC vs. Corporation: How to Decide for Your Business

Choosing between an LLC and a corporation can affect how you pay taxes, raise money, handle paperwork and manage your…

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How to Live Off of Dividend Income as a Retiree

Many retirees live off dividend income because dividends from strong companies can grow over time. While annuities and bond funds…

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