Money Management Articles
Have you attained your American Dream?
The Minnesota Society of CPAs (MNCPA) offers some perspective and a few
practical tips you can use to try to turn your situation around.
How women can build for a secure retirement
Women carry a lot of responsibilities on their shoulders, and sometimes
considerations like saving for their own retirement may fall through the
Back to work after retirement: How Social Security, taxes and health care may be affected
The old notions about retirement have, well, retired. Rather than
leaving work at 65 and going fishing or focusing on gardening, many
retirees are celebrating retirement by going back to work.
The tax advantages of home ownership
If you own your own home, there are some significant tax advantages that can make the prospect more affordable. As a result of the uncertain economy, the federal government has also recently extended a popular tax credit through June of this year and broadened the number of people who qualify.
Three things to know about reverse mortgages
One of the retirement planning resources that has gained interest in
recent years is the reverse mortgage. A reverse mortgage allows you to
convert part of the equity in your home into cash without paying
additional monthly bills. If you're 62 or older -- and want money to pay
off your mortgage, or pay for other expenses -- you may consider a
5 steps to boost your home's value
If you're planning on putting your house on the market, you'll want to
get the best price possible. There are steps you can take to enhance how
much you make on the sale, according to the Minnesota Society of CPAs
Get out of debt (and stay out)
On average, American households have about $15,000 of credit card debt,
according to NerdWallet. If you're struggling to pay off your
outstanding balances, or if you're tired of high interest costs, the
Minnesota Society of CPAs (MNCPA) explains the best ways to get out from
under those bills.
Who's teaching your kids about money?
If you think your children aren't learning about money because you're
not teaching it, think again. While savvy marketers are telling our
kindergartners that they need a certain toy to be happy, credit card
companies are peddling instant gratification to our teens.
IRA early withdrawal exceptions
Choosing an early withdrawal from your IRA can be a costly move, often
resulting in unfavorable consequences such as tax penalties and loss of
Tax solutions for baby boomers
The baby boom generation, the children born in the post-World War II
years between 1946 and 1964, includes about 76 million people. Now that
generation is heading into retirement, with roughly 10,000 boomers
expected to retire every day between now and 2030.
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