Working remotely for a company in another state? You might have to pay state taxes twice depending on the city.
You can either fight the tax code or learn it.
It’s easier to learn it.
If you want to retire with the most money, look at creating different accounts that will give you access to tax-free money, tax-deferred money and some taxable money. This will allow you to draw from all three types of accounts in retirement, keeping your taxable income low and ensuring you pay minimal taxes on your tax-deferred money.Read More
Looking to Outsource?
Sometimes life is too busy and you don’t want to do it all yourself. Over the years, many people have asked me to connect them with the “good guys” in the financial services industry. Below are people and companies that I’ve personally vetted (often meeting them in person). Know that they are paid advertisers on the site but that I routinely recommend them to friends and colleagues and would do so even if they weren’t advertisers.
Mark spent eight years in Biglaw before joining Morgan Stanley for financial planning and asset management advisory services.
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Latest posts in Taxes
Investing in a Roth IRA can be a great asset in your financial future. Learn more about the two five-year contribution rules concerning Roth IRAs and how to navigate them.
Finding new investments that are not considered substantially identical can be tricky and confusing, especially since the IRS hasn’t set strict guidelines on the practice. Learn more about what robo-advisors are doing in the space and see if you can take some tips from them.
Reading is an easy and important way to increase your personal financial knowledge. The Overtaxed Investor is a great read for those looking to reduce investment related taxes.
Here’s are some ways you can harvest your gain and increase your take-home pay at the end of the day.
Every year around bonus time, inevitably someone will ask why bonuses are taxed at a higher rate than ordinary income.
Learn about the misconception between today’s rates and tomorrow’s and see why contributing to your 401k today is a no-brainer.
It’s that time of year again! Open enrollment can be a confusing process, but don’t let it discourage you from finding the best plan for you and your family.
The answer is that it depends on various factors, but on average the Traditional 401(k) is the way to go.