There’s an old saying in the investment business, “It’s not what you earn, it’s what you keep.” Unfortunately too many investors take that to the extreme and end up paying far more in taxes in the long run. Take, for example, a married couple who thinks they’re pulling a fast one on Uncle Sam by […]
Sometimes the simple things we do — or don’t do — today, can have repercussions decades from now. In the case of what to do with your old tax returns, the best thing you can do is nothing. Keep them. Forever. Instead of trashing those old 1040s after the six years the IRS recommends, just […]
You’ve probably seen those ads on TV: Nice looking, smiling people thanking XYZ Debt Consolidation Service for making their lives worthwhile once more by lowering their monthly debt payments. But is XYZ really your new best friend? Maybe. Reducing debt is definitely the way to go, especially high-interest credit card debt. But before you sign […]
Baby Boomers are often called “the sandwich generation” – sandwiched between caring for their parents as well as for their own kids. If that describes you, one of your greatest challenges – both emotionally and financially – is to make sure your folks are prepared for their later years. First you must find out if […]
I’m a big fan of mutual funds. Investing can be simpler if you forget about the individual stocks and stick with mutual funds. They’re pretty close to being one-stop shopping for investors. And therein lies a problem: Do you buy’em and forget’em? A lot of investors do. But I want to remind you that a […]
Are you living paycheck to paycheck? According to a recent survey by AC Nielsen, you’re not the only one. Ray Lucia provides some simple tips to help you increase your savings. A little can go a long way.
It’s real easy to accumulate multiple credit cards and the more you carry, the bigger risk your run of damaging your credit. Ray Lucia provides a few tips on how you can better manage your credit card risk.
To stay informed and fight identity theft, you should get a copy of your credit report at least once a year. Under the federal fair credit reporting act, everyone is entitled to a free report.
When you retire, one of your biggest decisions you may make is to take a monthly pension from your employer or take a lump sum that you can invest yourself. Before making a decision, Ray Lucia has a few items you may want to consider first.
If you’re like most Americans you have a percentage of your pay taken out of each pay period which is sent to the IRS where it is credited for your final tax payment. See why matching your tax payments to your actual tax liabilities can make a big difference in your take-home pay.