Taxes

I recently had someone tell me that they couldn’t make as much money in their IRA or 401K as they could if they just left their investment dollars in a regular taxable account. Huh? Typical investment places include bank accounts, stocks, bonds, mutual funds, ETF’s. Money saved and invested in these places can be your taxable funds, as well as IRA’s and
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The concept of Flexible Spending Accounts (FSA’s) is so simple that people think there must be a catch.  There really isn’t. You budget what your expected annual out-of-pocket medical expenses will be.  Then, you request that amount of money be allocated to your FSA account.  Your salary will be reduced by that amount, so no income
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I have to just come out and say it….Do Not Open a 529 college fund for your kid! A quick “google” of 529’s will give you a plethora of sites singing the praises of the 529 college fund. The concept is really simple.  Start saving early.  Your money will grow tax free.  When you take it out to pay
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People are so full of good advice – Especially when it comes to your taxes. Do you want a new car?  “The sales tax on your new car is deductible.” Feeling philanthropic? “Your donation is tax deductible.” Need new doors or windows? “You can get a nice energy credit.” Feeling bad about all those loosing
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