Personal Finance
Latest Personal Finance News
I’m 62 With $1.6 Million in My 401(k). Should I Convert $160,000 Per Year to a Roth IRA to Avoid RMDs?
Converting your 401(k) to a Roth portfolio will allow you to entirely avoid RMDs. This is a legitimate form of…
How CBO’s New Budget Estimates Make New Tax Cuts More Complicated
The Congressional Budget Office’s latest fiscal update is filled with terrifying numbers: The projected deficit for this fiscal year will…
How to get preapproved for a Bank of America credit card
Bank of America has plenty of attractive credit cards to choose from, whether you’re an existing Bank of America customer…
Taxes And Elections: Here, There, And Everywhere
Wherever you are reading this, there’s a 50% chance you’re living through an election year. Globally speaking, there’s so much…
A Very Destructive Stealth Tax Is Coming
We’re all familiar with the story of the Trojan Horse. Washington politicians and bureaucrats routinely practice their own legislative and…
How AI Is Distorting The Returns Of Vanguard’s Largest ETFs
Recent returns for VOO and VTI seem to confound conventional wisdom that stocks of small and medium companies outperform large-cap…
IRS Issues Guidance On Penalty Exceptions For Emergencies And Domestic Violence Victims
Typically, when you make an early withdrawal from your retirement plan, you are socked with a 10% additional tax (an…
Tax Return Preparer’s Mistakes Or Fraud: Innocent Taxpayer Takes Hit
My earlier article reviewed the various tax statutes of limitations prescribing the length of time the Internal Revenue Service has…
VAT And Platform Economy: Unanswered Questions And An Uncertain Future
On June 21, 2024, the Economic and Financial Affairs Council (ECOFIN) Council failed to reach an agreement on the VAT…
Why Do, Why Don’t, And Why Should People Hire A Financial Advisor?
Every great financial advisor has heard some version of the following from a client or prospective client: “I wish I’d…
