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14 Surprising Things That Are Taxable

March 25, 2023 by Brett Tams

How many of these forms of income did you realize were subject to federal taxes?
Posted in: Moving Guide Tagged: 1099, 2, 2017, 2021, 2022, agreements, All, bartering, before, beneficiary, Benefits, business, Children, commission, Compensation, Credit, credit card, data, Debt, Debts, Deductible, dividend, dividends, divorce, earnings, expensive, federal income taxes, Financial Wize, FinancialWize, Free, fund, gift, gifts, government, id, Income, Income Taxes, interest, irs, job, jobs, lists, low, man, market, money, offers, Oil, or, organizing, Other, panic, park, payments, pretty, property, retirement, Retirement Income, return, returns, Revenue, rich, scam, security, self-employed, selling, Side, social, social security, social security benefits, states, Style, tax, tax returns, taxable, taxable income, taxes, time, tour, Travel, under, Unemployment, value, wages, will, woman, work, workers, wrong

Smart Money: Are CDs Worth It, and Managing a Life-Changing Windfall

March 20, 2023 by Brett Tams

In this episode of the podcast, the hosts discuss whether CDs are a good option and then talk with a listener about how to manage a financial windfall.

Posted in: Moving Guide, Personal Finance Tagged: 2, 2016, 2022, 2023, accountant, active, advisor, affordable, All, Amount Of Money, apartment, Appreciate, Apps, ask, assets, average, balance, Bank, Banking, beach, before, big, Blog, brokerage, bucket, build, building, business, Buy, buy a home, buy a house, buyers, Buying, buying a car, Buying a house, california, car, car prices, Career, CD, CDs, certificate of deposit, choice, Choices, company, cons, conversions, cost, couple, Credit, credit card, Credit Card Debt, credit score, credits, currency, data, Debt, Debts, decision, decisions, Deductible, deposit, depression, desk, diversification, dividends, divorce, down payment, driving, education, efficient, Emergency, Emergency Fund, Employment, energy, Entertainment, environment, equity, estate, event, EVs, existing, expensive, experts, Extra Money, Fall, Family, Federal Reserve, federal student loans, Finance, Financial Advisor, Financial Goals, Financial Wize, FinancialWize, financing, fixed, Foreclosures, Free, Fresh start, fun, fund, funny, future, General, get started, Giving, goal, goals, good, government, great, growth, Guaranteed Rate, habits, health, Health and Wellness, hold, home, Home Price, home prices, Home Values, Homebuilders, Homeowner, homeowners, house, Housing, Housing market, housing prices, How To, humor, improvement, Income, industry, Inflation, interest, interest rate, interest rates, Invest, Investing, investment, investments, investors, IRA, IRAs, job, lenders, Life, list, Live, Living, Liz Weston, loan, Loans, low, LOWER, Main, Make, making, man, manage, market, markets, memories, mental health, millennial, mistake, money, money goals, More, more money, Mortgage, Motivation, Move, Moving, moving in, moving out, National Association of Realtors, nerdwallet, new, offer, ok, opportunity, or, Other, out of state, pandemic, parents, park, paycheck, Paying Down Debt, payments, peace, percent, personal finance, photos, place, plan, Planning, podcast, pretty, price, Prices, priorities, private student loans, products, pros, Pros and Cons, questions, Raise, rate, Rates, ready, Real Estate, Realtors, Recession, Refinance, refinancing, Relationships, Rent, rental, Research, retirement, retirement account, retirement accounts, retirement savings, return, returns, Review, right, rise, risk, roth, Roth IRA, Roth IRAs, safe, Salary, san francisco, save, Saving, Saving for Retirement, savings, Savings Account, Savings Accounts, School, second, securities, security, Sell, selling, short, Side, Side Hustles, single, smart, Smart Money, space, Spending, stable, stage, Start Saving, statistics, stock, stock market, stocks, student, student debt, student loan, student loan debt, student loan payment, Student Loans, tax, tax brackets, tax credits, the balance, The Stock Market, the west, time, timing, tips, town, traditional, traditional IRA, under, used car, vacations, vehicles, versus, wealth, wellness, West Coast, will, windfalls, work

Examples of Nontaxable Income vs Taxable Income

March 20, 2023 by Brett Tams

Examples of Nontaxable Income vs Taxable Income

The IRS divides income into taxable and nontaxable categories. In general, income is taxable unless there’s a law exempting it. As you’d expect, all taxable income must be included on your yearly income tax return. But here’s the twist: Nontaxable income may also need to be listed on your return, too. Because anything tax-related is […]

The post Examples of Nontaxable Income vs Taxable Income appeared first on SoFi.

Posted in: Financial Advisor Tagged: 1099, 2023, 529, accountant, advice, advisor, agent, All, analysis, app, assets, at home, Bank, bank account, bank accounts, before, Benefits, blue, bonds, brokerage, Capital Gains, capital gains tax, categories, childcare, Children, clear, College, color, commissions, company, Credit, credit score, cryptocurrency, data, Debt, Deductible, display, dividends, divorce, efficient, employer, Employment, estate, existing, expenses, Family, Family Finances, faq, Fees, finances, Financial Goals, financial tips, Financial Wize, FinancialWize, fractional, Free, fund, funds, General, gift, gifts, goal, goals, good, gym, gym membership, head of household, health, Health care, high earners, holiday, home, house, household, How To, HR, impact, Income, income tax, Insurance, interest, Invest, Investing, IRA, irs, items, job, Law, Learn, Legal, Life, life insurance, Links, loan, Make, market, money, More, needs, new, offer, offers, opportunity, or, Other, party, passive, payments, Personal, place, plan, points, property, quality, questions, reach, relay, rental, retirement, retirement accounts, return, Revenue, rewards, right, room, salaries, Salary, savings, savings plan, scholarships, School, second, security, Self-employment, selling, shares, Side, single, social, social security, social security benefits, sofi, Spending, stock, stock market, stocks, Strategies, Style, tax, tax deductible, tax liability, tax time, taxable, taxable income, taxes, time, tips, TransUnion, Treasury, Treasury bonds, tuition, under, wages, Websites, will, withdrawal, working

Which four US cities have the dimmest housing forecasts?

March 18, 2023 by Brett Tams

“Austin just became overbuilt really fast,” he said of the capital city of Texas. “From 2009 or 2010 to 2015, Austin doubled in population and continued to grow beyond that. Residential developers and landlords are trying to keep up with the demand, and may have overshot themselves. Right now in Austin, renting is a better … [Read more…]

Posted in: Refinance, Savings Account Tagged: 2021, 2022, affordable, All, Austin, before, building, Buy, Buying, Cities, city, Commercial, commercial office space, covid, divorce, Fall, Financial Wize, FinancialWize, Forecasts, government, great, Grow, guide, heat, history, homeowners, house, Housing, Housing markets, industry, interest, interest rates, landlords, Layoffs, Live, Living, low, low rates, market, markets, Mortgage, Mortgage Rates, Moving, new, office, or, Other, Phoenix, Prices, Rates, Redfin, renting, Residential, restaurants, return, right, san francisco, seattle, Sell, single, space, summer, texas, time, town, trend, trends, upgrade, will, workers

How Your Ex Could Boost Your Social Security Benefits

March 9, 2023 by Brett Tams

Divorced spouses may be able to claim Social Security benefits based on their ex’s earnings record. Here’s how.

Posted in: Moving Guide, Personal Finance Tagged: 2, 2023, AARP, ask, assets, basics, before, Benefits, Blog, brokerage, Buy, Calculators, california, choice, cost, credits, currency, data, decisions, Disability, divorce, earnings, Finance, Financial Wize, FinancialWize, Free, Grow, history, How To, Income, Investing, investments, investors, Make, making, man, marriage, married, max out, More, nerdwallet, offer, Other, personal finance, plan, retirement, right, securities, security, Sell, social, social security, social security benefits, social security disability, spouse, stocks, time, will, work

From Overwhelming Debt to Financial Freedom: How National Debt Relief Saved Lindsay’s Life

March 4, 2023 by Brett Tams

While going through a divorce, Lindsay’s main goal was to keep things as stable as possible for her two young daughters. And then came the layoff.
Posted in: Credit Card Guide Tagged: 2023, actual, advice, All, ask, bankruptcy, before, bill collector, birthday, brown, Budget, business, Buy, buy a home, car, car loan, Children, Choices, clear, College, college education, company, consumer debt, Consumers, cost, Credit, credit cards, credit rating, credit repair, Credit Report, credit score, creditors, Debt, Debt Repayment, Debts, decision, Digit, divorce, double, education, Empower, Essentials, expense, Fees, finances, Financial Freedom, financial independence, Financial Wize, FinancialWize, food, Fraction, Free, freedom, funds, future, goal, good, home, impact, interest, interest rate, Interviews, job, journey, lawyer, Legal, Life, lindsay, LLC, loan, Local, Main, Make, Marketing, married, money, More, NC, needs, negotiate, new, News, Operations, opportunity, opportunity cost, Other, payments, plan, Planning, poor, quality, questions, rate, Rates, ratings, Relationships, Rent, repair, repayment, retirement, Review, save, Saving, savings, settlement, simple, single, Sites, social, stable, stage, states, Style, tax, testimonial, time, Travel, Unemployment, updates, warranty, will, work, workers, working, young

11 Tax Deductions You Can Claim Without Itemizing

March 3, 2023 by Brett Tams

You don’t have to itemize to claim these deductions on your tax return.

Posted in: Moving Guide Tagged: 1099, 2, 2016, 2017, 2021, 2022, 2023, accountant, active, All, armed forces, before, business, calculator, CD, certificate of deposit, Children, College, college students, coronavirus, couples, data, Deductible, deductions, deposit, Development, divorce, employer, Employment, estate, expenses, Family, filing jointly, Finance, Financial Wize, FinancialWize, Free, fund, health, Health care, Health Insurance, health savings account, home, hsa, Income, Income Taxes, Insurance, insurance coverage, insurance deductible, insurance premiums, interest, investments, IRA, IRAs, irs, job, jobs, loan, loan interest, maintenance, Make, making, man, married, Medical, medical expenses, Medicare, military, money, monkey, More, Mortgage, mortgage interest, Move, Moving, moving expenses, msa, Other, patient, payments, plan, plans, programs, ready, Real Estate, real estate taxes, retirement, retirement account, retirement accounts, retirement fund, retirement plan, return, roth, Roth IRAs, savings, Savings Account, Secondary, security, self-employed, Self-employment, simple, single, social, social security, Software, spouse, Spring, standard deduction, states, storage, student, student loan, students, tax, tax deductions, taxable, taxable income, taxes, traditional, traditional IRA, under, withdrawal, woman, work, workers, working, young

How to Refinance an Inherited House

February 27, 2023 by Brett Tams

By refinancing an inherited house, you could potentially lower your monthly mortgage payments or make necessary updates or repairs by accessing built-up equity. Here’s what you need to know when it comes to refinancing your inherited property.

The post How to Refinance an Inherited House first appeared on Total Mortgage.

Posted in: Refinance, Renting Tagged: assets, author, balance, Bank, bank account, basic, before, beneficiaries, beneficiary, big, Blog, Built, Buy, calculator, cash advance, Cash-Out Refinance, Children, closing, closing costs, co-signer, Credit, credit score, death, Debt, debt consolidation, decisions, divorce, equity, estate, event, executor, existing, experience, Fees, fico, fico score, Financial Wize, FinancialWize, foreclosure, Free, funds, goal, good, heir, heirs, home, Home appraisal, Home Improvements, Homeowner, homeowners, house, housing-market-2, How To, impact, improvements, inheritance, inherited, inherited property, interest, interest rate, inventory, Learn, Legal, lenders, Life, Living, living trust, loan, LOWER, Make, making, Massachusetts, minimal, money, More, Mortgage, mortgage lender, mortgage payments, needs, new, Other, ownership, party, payments, principal, probate, property, Purchase, rate, Rates, ready, Refinance, refinance your mortgage, refinancing, repayment, Review, save, security, Sell, shopping, short, time, title, town, trust, updates, value, will, work

Life Insurance Quotes In (Literally) Seconds

February 23, 2023 by Brett Tams

Do you really need to get life insurance quotes from lots of companies? I have seen so many clients who ask this question. If you want to save money, then my answer is a definitive yes! Not all life insurance policies are the same (nor are the companies who offer them). For this reason, you […]

The post Life Insurance Quotes In (Literally) Seconds appeared first on Good Financial Cents®.

Posted in: Banking, Insurance Tagged: 2, 2021, 2022, 30-year, 429, AAMS, Accredited Asset Management Specialist, action, ad, Advertising, advisor, affordable, agent, Alabama, All, amortization, analysis, Applications, Arizona, Arkansas, ask, at home, author, Auto, balance, basic, before, beneficiary, Benefits, big, Blog, blue, bonds, book, business, Buy, ca, california, cents, Children, clear, cnbc, College, color, Colorado, commission, company, Compound, Connecticut, cost, country, couples, ct, custom, data, death, death benefit, Debt, decision, Digit, disclosure, dividends, divorce, education, employer, entry, estate, Estate Planning, event, executor, expenses, experience, experts, Family, Featured, Finance, finances, Financial Advisor, Financial Freedom, Financial Plan, financial stability, Financial Wize, FinancialWize, Florida, Free, freedom, funds, future, Georgia, goals, good, Google, great, green, Grow, hawaii, health, history, hold, home, Homeowner, How To, idaho, il, Illinois, impact, Income, indiana, industry, Insurance, insurance agent, insurance coverage, insurance plans, Invest, investment, investments, kids, Learn, Life, life expectancy, life insurance, life insurance beneficiary, Links, list, loan, louisiana, low, LOWER, Main, maine, Make, making, market, married, Maryland, Massachusetts, md, Medical, Michigan, millennials, mississippi, missouri, mobile, model, money, money market, money market accounts, montana, More, Mortgage, mutual funds, nebraska, needs, Nevada, new, New Jersey, new york, new york times, north carolina, offer, opportunity, orange, Oregon, Other, payments, peace, permanent life insurance, Personal, personal finance, personal finances, place, plan, planner, Planning, plans, podcast, points, policies, poor, portfolio, premium, prescriptions, protection, Purchase, quality, questions, Quotes, rate, Rates, ratings, Research, retirement, Retirement Planning, return, Review, rise, risk, safe, save, Save Money, savings, Savings Account, science, search, SEC, selling, short, Small Business, South Carolina, south dakota, spouse, stocks, stretched, Style, survey, tax, taxes, Tennessee, term life insurance, texas, The Wall Street Journal, time, trust, types of life insurance, universal life insurance, Utah, value, variable, virginia, wall, wants, washington, Washington DC, wealth, wealth management, whole life insurance, will, Wisconsin, work, young, youtube

5 Daily Thoughts Designed to Boost Your Financial Success

February 22, 2023 by Brett Tams

Thoughts drive our behavior. When you think about doing something, you’re obviously more likely to do it. Additionally, what you think about your life, your friends, your family, and your circumstances has a tremendous impact on your financial success. What you tell yourself matters. Believe me, I know. When I came back from serving overseas, things […]

The post 5 Daily Thoughts Designed to Boost Your Financial Success appeared first on Good Financial Cents®.

Posted in: Mortgage Tips Tagged: 2, 2021, AAMS, Accredited Asset Management Specialist, action, Advertising, advice, advisor, All, analysis, armageddon, art, author, Auto, before, Behavior, Blog, blue, book, Books, brick, build, Built, business, Career, cents, Children, Clothes, cnbc, College, color, commission, Contentment, country, custom, data, Debt, disclosure, divorce, entry, experience, experts, Family, Featured, Finance, finances, Financial Advisor, Financial Freedom, Financial Wize, FinancialWize, fire, Fraction, freedom, future, goal, goals, good, Google, government, green, hold, home, hours, house, How To, Illinois, impact, Income, industry, Insurance, investment, investments, launch, Learn, learned, Life, Links, list, Living, loan, Main, Make, Make Money, making, man, md, Millionaire, money, More, more money, Move, new, new york, new york times, online business, opportunity, Other, party, Personal, personal finance, personal finances, personal loan, planner, Planning, podcast, present, Purchase, quality, ready, renting, Research, retirement, Retirement Planning, retirement savings, Review, rich, right, risk, running, Saving, saving money, savings, science, SEC, selling, stable, story, taxes, television, The Wall Street Journal, time, trust, under, wall, wealth, wealth management, will, woman, work, working, wrong, youtube
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