Personal Finance
Latest Personal Finance News
Is $2 Million Enough to Retire at 60?
Whether $2 million is enough to retire at 60 depends on how much you plan to spend, how long you…
Tax-Exempt Interest on Form 1040: How to Report and Examples
Reporting tax-exempt interest on Form 1040 is required even though the interest is not taxed. This type of income often…
What Happens If You Don’t Take Your RMD by April 15?
While there are reporting requirements on your tax return due April 15 regarding your RMDs, the deadlines for taking these…
What Is the Federal Corporate Income Tax Rate?
The federal corporate income tax rate in the U.S. is a flat 21% as of 2025. This rate applies to…
I’m 50 With $650k in My 401(k). Should I Pivot to Roth Contributions?
At age 50, Roth contributions might be valuable, for the right household. With a Roth portfolio, the question is balancing the…
What to Buy Before and After Trump Tariffs Go Into Effect
President Donald Trump is forging ahead in his second term with an ambitious and controversial plan to remake global trade…
I Inherited My Husband’s 401(k) With $615k. How Do Handle This Money to Reduce Taxes?
Inheriting a retirement account can be complicated.With a retirement account that you opened, you’re referred to as the original owner.…
Puerto Rico Tax Benefits for Americans: What to Know
As a U.S. territory, Puerto Rico can offer tax incentives not available on the mainland. This status allows it to…
I’m a 51 Year Old Divorced Dad. I Have $780k in My 401(k) and Contribute the Maximum. Can I Retire in 10 Years?
Dependents can change everything.When it’s just you, or you and a partner, you have more room to adapt financial plans…
Form 8283: How to File for Noncash Charitable Contributions
When you donate noncash items—such as artwork, vehicles, clothing or other property to a qualified charitable organization, you must report…
