Personal Finance
Latest Personal Finance News
What Is Net Investment Income and How Is It Taxed?
Net investment income (NII) is defined as the profit gained from investments after deducting certain related expenses. This includes various…
Ally Bank CD rates
Image by Adobe Stock; Illustration by Tiffany Herring Ally Bank, an online bank, offers three flavors of CDs: traditional, no-penalty,…
Tax Day Is Over. Here’s 4 Things To Do After Filing Your Returns
Tax Day has come and gone, concluding the often stressful tax season during which individuals and businesses finalize their financial…
I’m 65, Taking Social Security and Have $830,000 in a 401(k). Is It Too Late to Convert to a Roth IRA?
There is no age limit on Roth conversions, so you can transfer pre-tax savings into a Roth IRA regardless of…
How to Report a Backdoor Roth IRA With Form 8606
A backdoor Roth IRA typically offers high-income earners a workaround to contribute directly to a Roth IRA when their earnings…
Citibank savings account rates
Image by Getty Images; Illustration by Bankrate After decades of low returns, yields for parking your money in a savings…
How Social Media Affects Our Financial Health – The Good, Bad And Ugly
Social media is everywhere and covers everything. People use social media for connecting, shopping, content, entertainment and sharing information. While…
I’m Planning to Get a $3,200 Monthly Social Security Benefit. How Can I Avoid Taxes?
More and more retirees are being taxed on Social Security benefits. Legislative changes over the decade have shaped the age…
How to Set Up a Payment Plan for Taxes You Owe
When an individual or business owes taxes to the Internal Revenue Service (IRS), settling the entire amount in a single…
Top high-yield savings accounts are now beating inflation. Here’s why that’s important
Personal finance fact: Your money loses purchasing power over time, especially if it’s in a savings account that isn’t earning…
