How Much Interest Can I Earn Safely on $5 Million?
If you’re looking for a safe place to keep your money, you have lots of options — and you might be surprised how much they can earn.
If you’re looking for a safe place to keep your money, you have lots of options — and you might be surprised how much they can earn.
Corporate structures can help you lower taxes and limit your liability when investing in real estate. I use Limited Liability Companies, or an LLC when investing in real estate. I have a separate LLC for each of my 28 rental properties, but an LLC is not the right choice for everyone. The main reason I … Read more
Corporate structures can help you lower taxes and limit your liability when investing in real estate. I use Limited Liability Companies, or an LLC when investing in real estate. I have a separate LLC for each of my 28 rental properties, but an LLC is not the right choice for everyone. The main reason I … Read more
After closing on a long-term investment, there are several ways to invest the money. In this “Ask GFC”, I help walk a reader through the pros and cons of each of her options.
The post Ask GFC 029: What to Do With the Proceeds from the Sale of a House appeared first on Good Financial Cents®.
Selling stocks or mutual funds has often created confusion for investors when tax time rolls around. The longer the investment has been held, the more difficult it can be to determine the true cost basis information. When an investor has years, possibly even decades, of incremental purchases and dividend reinvestments it can mean sifting through
The post New Cost Basis Tax Reporting: Short-Term Confusion, Long-Term Simplicity appeared first on MintLife Blog.
Many people dream about how their retirement years will play out. Some want to spend their golden years spoiling the grandkids, while others envision traveling the world. As long as retirees have saved enough during their working years to fund the expenses, these goals are attainable. Unfortunately, not all Americans know what to expect regarding […]
The post Typical Retirement Expenses to Prepare For appeared first on SoFi.
I fight splurges less often than I used to, but the urge still pops up occasionally. Sometimes, it’s okay to splurge; but mostly, I find myself wanting to resist temptation. There are a few questions I ask when I’m mulling over a purchase:
Another way I decide on my spending is by considering my future self. The first time I ever came across the phrase “future self” was in a personal finance book. In the money world, the idea of “future selves” is discussed a lot. And rightfully so — a study found that, just by picturing ourselves in the future, we save more money.
In Increasing Saving Behavior Through Age-Progressed Renderings of the Future Self, researchers tested the savings behaviors of college-age participants. They showed some subjects a digitally altered image of themselves at 70-years-old. The control group was shown a photo of their present self. Researchers found that those participants who viewed a photo of their “future self” saved twice as much money in a retirement account than the control group.
Children who suffer the death of a parent may get up to 75% of the parent’s Social Security retirement benefit, plus a possible one-time death benefit of $255.
Here are some quick ideas to erase unnecessary expenses, reduce the necessary ones and fatten your retirement savings.
Whether by age, illness or choice, you will stop working someday. This is how boomers say they plan to replace their paycheck.