The majority of sources of your income are taxable by the IRS. Whether you earn it through a salary, hourly wages, tips, commissions, rent from a property that you lease, or via interest and dividends on your investments, Uncle Sam […]
Types of Income the IRS Can’t Touch Read More »
What Is a Postnup? A postnuptial agreement, or “postnup,” is similar to a prenuptial agreement, but is a legal contract written and signed after a couple legally marries. A postnup contract outlines how assets will be divided in the event
5 Signs You Need a Postnup Read More »
Because everyone knows how critical it is to save up for retirement, most investors are laser-focused on contributing to IRAs, 401(k)s, and other “nest egg” investments. But what about shorter-term savings goals? Perhaps you want to create a travel fund or save up
Best Strategy for Short-Term Savings Goals Read More »
For those needing to send funds to faraway places fast, Xoom (XOOM) and Western Union (WU) both offer viable money transfer options. Founded exactly 150 years apart, the two companies offer similar services, but with significant differences in the way
Xoom vs. Western Union: What’s the Difference? Read More »
An individual retirement account (IRA) is a place to save to support retirement. Many new retirees continue to contribute to their IRAs with part-time work. According to Fidelity, the average balance of an IRA account as of Q2 2024 was
How a Traditional IRA Works After Retirement Read More »
After retirement, Social Security provides you with some income to help you pay for your living expenses. The exact amount of Social Security income you receive through monthly payments will depend on when you start to accept Social Security income
How Social Security Works After Retirement Read More »
Aspiring retirees often daydream about leaving the workforce to travel the world, volunteer for their favorite charity, go fishing, or spend more time with their grandchildren. However, according to the 23rd Annual Transamerica Retirement Survey of 2023, outliving savings and
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Prenups and postnups are documents that can save you a lot of financial grief and headaches if your marriage ends in divorce. Prenups are entered into before tying the knot. Postnups are created and signed after the wedding. The United
Prenup vs. Postnup: How Are They Different? Read More »
The 401(k) is a very popular investment vehicle for retirement planning. Participating individuals gain valuable tax advantages as they set aside a portion of their salaries to their 401(k) accounts, with some getting matching contributions from their employers. $7.8 trillion
401(k) Tax Benefits and Advantages Read More »
