Personal Finance
Latest Personal Finance News
I’m 67 With $870k in a 401(k), $120k in an IRA and a $2,200 Social Security Check. What’s My Retirement Budget?
Deciding how much to withdraw from your retirement accounts means finding a balance between enjoying life and making your money…
ESOP vs 401(k): Key Differences and How Each Plan Works
An Employee Stock Ownership Plan (ESOP) gives employees an ownership stake in the company. It does this at no direct…
I’m 63 With $1 Million in an IRA. Should I Convert $100,000 a Year to a Roth to Avoid RMDs?
If you’re 63 years old with $1 million in a traditional IRA, you may be wondering whether converting $100,000 per…
Trump Wants 401(k)s to Offer Private Equity and Crypto: What It Means for You
President Donald Trump is paving the way for a significant shift in retirement investing by permitting 401(k) plans to include…
Do Capital Gains Count as Income? Tax Definition and Examples
Capital gains count as taxable income and can affect your tax bracket, deductions and rates. They are taxed as short-term…
Can a Couple Retire With $1 Million?
Retiring with $1 million is a common goal for couples, but how long it lasts depends on where they live…
Can You Deduct Mortgage Interest on a Second Home?
Under the One Big Beautiful Bill Act of 2025, the mortgage interest deduction limits established by the Tax Cuts and…
How to Collect a Pension From a Former Employer
Many people leave behind pension benefits when they change jobs, and claiming them later can feel complicated. Fortunately, with the…
SALT Write-Offs: Trump Tax Changes and Requirements
The state and local tax (SALT) deduction lets taxpayers write off certain state and local taxes from their federal taxable…
Do You Have to Pay Taxes on Tips? Trump Tax Changes
Traditionally, all tip income was taxable, and workers had to report any cash tips exceeding $20 per month to their…
