Money Today That Matters Tomorrow
I hope you didn’t reduce your 401K or other retirement account contributions when stock prices and markets tumbled earlier this year. Even though the value of your current 401K or retirement plan probably fell over this time, in the long term the power of dollar cost averaging and recovering/rising markets would …
The answer is No. According to the IRS website – “The (Stimulus Check) Payment is not income and you will not owe tax on your Payment. It will not reduce your refund or increase the amount you owe when you file your 2020 tax return next year. The will not …
It was recently reported, by the Federal Reserve, that consumer borrowing surged again in March. Consumers increased their borrowing at an annual rate of 7.2%, compared with a 3.1% rate of increase in February. Here is a summary of the worrying borrowing and debt figures: The increase in consumer debt …
With the government hoping people will spend a majority of the $350 billion dollars allocated towards stimulus checks, they may be concerned with the way a number of folks are just going to save the stimulus payment. Â What I found interesting was how the various folks responded in line with …
[2021 update] – I came across this old article I wrote in 2009 around buying Visa and thinking I overpaid. Fast forward 12 years and Visa’s stock price sits near $240. Or almost 6 times what I paid for it. Goes to show if the company is solid, in the …
In a recent post I talked about the 5 “buy” signs for a stock. However, your portfolio should never consist of just one stock, Exchange Traded Fund (ETF) or mutual fund in the long term because of the potential exposure to loss you will have. So to manage your risk, …
Recently there has been a spate of minor burglaries in my apartment complex, which prompted my wife and I to consider getting an alarm system for our apartment. We looked into this via various on-line sites and calls to security companies in our local area and found that the costs …
[Update] I wrote this article a few years ago as average national gas prices were approaching $5 per gallon. That seemed preposterous then. Fast forward a few years and $5 seems mild now as we may see $8 gas in some states as inflation spikes and supply constraints worsen due …
I work in the technology sector and so it was interesting to see the results of the latest US IT salary survey. Overall it looks like the median salaries for business technology professionals fell for the first time in 11 years. From 2007 to 2008, median base pay for IT …
Looks like Technology stocks are back in vogue, after rallying nicely over the last two days. I think the “long commodities/short dollar” trade, which has been the primary trade for the past three months is clearly reaching the end of its profit potential. This trade relied on the falling dollar …
I do in my household. Doing the household finances is something I don’t mind, apart from seeing all the bills which means money going out the door. I also do the budgeting, taxes and investments. I have a natural affinity for all things finance, a reason I write this blog, and …
When I moved here a long time ago one of the financial mysteries for me was the taxes on my paycheck. This included what would be deducted from my pay check and more importantly how much should I withhold to meet my tax obligations. I learned the importance of understanding …
Is your financial documentation clutter getting too much to deal with? Signs of this include bills piling up, statements in random piles and your desk barely visible under all the stacks of paper. Most of us have, at some point, experienced this and need to get organized. Start now by …
Expectant mothers will now be able to insure their unborn babies against pregnancy complications, birth defects and even death. This type of insurance, possibly the first of its kind, is being offered by ING Australia. It is aimed at the growing number of older mothers (who have a greater risk …