Miranda

Grow Your Nest Egg with Automatic Retirement Contributions

Published or updated October 23, 2012 by Miranda

One of the essentials of preparing for the future is building your retirement nest egg.

The amount of money you save now can be a big help later, when you are ready to retire. However, growing your nest egg can be a challenging task.

You might not remember to make regular contributions, and it can be difficult to put money away for retirement when you feel like you are struggling financially.

A great way to ensure that you save for retirement is to arrange for automatic contributions to your retirement account.

Setting Up Automatic Contributions

What is the 403(b) Retirement Plan? – Overview

Published or updated October 23, 2012 by Miranda

Even though the 401(k) is the most common retirement account in the United States, not everyone has access to such a plan.

Those who work for governments, schools and non-profit corporations don’t have access to an employer-sponsored 401(k).

If you don’t have access to a 401(k), you can, of course, open an IRA. However, the contribution limits are fairly low, which can be discouraging if you want to contribute a higher amount toward a successful retirement.

The good news is that many hospitals, schools, non-profits (including churches), and governments have their own retirement account offering: The 403(b).

What is the 403(b)?

What Business Expenses are Tax Deductible?

Published or updated April 16, 2013 by Miranda

When it comes to reducing business income for tax purposes, the tax deduction is one of the most popular methods.

You can deduct some of the money you spend on business and lower your taxable income.

However, it’s important that you understand what makes an expense tax deductible for business purposes. Otherwise, you could find yourself red-flagged by the IRS.

But What Business Expenses are Tax Deductible?

Ordinary and Necessary Expenses

Alternatives to Foreclosure

Published or updated March 30, 2013 by Miranda

If you are concerned that your home might become a foreclosure risk, you are probably casting about for other options.

Foreclosure can impact your credit score, and make it difficult for you to purchase a home in the future — at least for the next two to four years.

When you are trying to avoid foreclosure, you do have some options.

However, it’s important to realize that you will have to meet certain requirements in order to qualify for some of these options. Additionally, some of your foreclosure alternatives will impact your credit score, even if it isn’t impacted as much as it would be with a foreclosure.

Here are some of your alternatives to foreclosure:

Cost Basis Reporting – How it Affects Your Taxes

Published or updated April 16, 2013 by Miranda

When you sell an investment, your gains or losses depends on your cost basis.

If you sell for more than your cost, you end up owning capital gains taxes on the increase. If you sell at a loss, you don’t have to pay taxes on the difference; instead, you might be able to claim a tax deduction for your investment loss.

Miranda

Setting Up Automatic Contributions

What is the 403(b)?

But What Business Expenses are Tax Deductible?

Ordinary and Necessary Expenses

Here are some of your alternatives to foreclosure:

What is Cost Basis?

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