If you live in the house as your primary residence, you will be able to take up to $250,000 as profit without paying any capital gains tax ($500,000 if you are married). This would be the ideal . . . .
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Your wife is entitled to benefits based on your Social Security benefits, but it will not impact or reduce how much you receive. She is entitled to 50% of your benefits or 100% of her own benefit. . . .
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While there are some key differences between the plans, it is the underlying investment options and fees which should really drive this decision. Each of the plans will have predominantly the same …
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Based on the information you provided, it appears a term policy is most likely the right policy for you. The extra money would probably be better used to build an emergency fund and then invest for . . . .
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I'm sorry to hear about your mother. For the stocks, you fortunately shouldn't have any taxes due. The stocks were already 'taxed' when estate taxes were assessed on the value of the stock when you . . . .
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While it's currently trendy for gurus and media pundits to advise people to pay their student loans off immediately, the math doesn't work out in favor of this strategy. This article explains the math of …
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Focusing on rapidly paying off debt may seem like common-sense, but it can be devastating to your financial plan. Not only can this strategy reduce your future retirement accounts by hundreds of thousands of dollars, but it actually increases the risk of going further into debt if you lose your job or another emergency happens.
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"Ignore Rules of Thumb," Joshua Escalante Troesh, President, Purposeful Strategic Partners, shared.
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Although the tax reform was pitched as a simplification of the tax code, the nearly seven-hundred page Tax Cuts and Jobs Act do little to simplify the number of pages in the tax code. You, however, will probably see much simpler taxes in the coming years because the vast majority of taxpayers will no longer need to itemize deductions.
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