Personal Finance
Here to help you achieve your financial goals
View Our Topics on Personal Finance
Latest Articles
Top 5 Things to Know About Investing in Municipal Bonds
Investing in municipal bonds can be a great way to generate interest income and leverage the tax benefits afforded to municipal bond investments.
What is the Backdoor Roth IRA?
Many taxpayers are NOT eligible to contribute to a Roth IRA because their annual income is too high. However, they may be able to move money into a Roth IRA using the backdoor Roth IRA strategy.
How to Create a Budget for a Family Household
Creating a household budget is not only helpful but also necessary for managing a family's finances. By creating a budget and making sure your family's expenses do not exceed your income, you can better safeguard yourself from getting into debt and other financial trouble.
Benefits to Investing in Exchange Traded Funds (ETF)
Investing in Exchange-Traded Funds (ETFs) offers numerous advantages that can appeal to both new and experienced investors.
What is Debt Consolidation and How Can It Help You?
Consolidating debts into one principal amount and monthly payment can be a beneficial strategy for managing multiple debts and reducing your total interest expense paid to creditors.
Traditional IRA Contribution Limits for 2024
In general, for the 2024 tax year, the contribution limits for Traditional Individual Retirement Accounts (IRAs) are $7,000 for persons under age 50 and $8,500 for individuals who are 50 and older.
Top 5 Investing Fundamentals for New Investors
New investors in the stock market can often feel overwhelmed. However, understanding the basics can help you make informed decisions, set you on the path to investing wisely, and generate a healthy return on investment (ROI).
Top Ways to Invest in Cryptocurrency Assets
Investing in cryptocurrency can be a great way to diversify your investment portfolio. Investors must consider the various ways they can participate in the cryptocurrency markets.
Debt Avalanche vs. Debt Snowball – Which Method Works for You?
The average debt per U.S. household in 2024 was over $100,000. Families generally have debt related to student loans, credit card balances, mortgages, and automobile loans.
Roth IRA Contribution Limits for 2021 and 2022
The IRS imposes limits on how much an individual can contribute to their Roth IRA. Some taxpayers are completely ineligible from making Roth IRA contributions. This article and video discusses those limits for the 2021 and 2022 tax years.
Pay Down Debt or Build an Emergency Fund – What to Prioritize?
Being in debt is uncomfortable for anyone. There is an urge to pay down the debts as soon as possible; however, depending on your circumstances, there may be better courses of action.
Social Security Income is Taxable – What are the Tax Rules and Limits?
Social security income (SSI) paid to retirees is taxable income. The amount of income that is taxable depends upon how much SSI the individual receives and the amount of income from other sources. This video and article discuss various income scenarios and how much federal income tax is owed.
Hedge Funds – Master Feeder Structure
Hedge funds are popular investment vehicles with a variety of structuring options. This article and video discuss the basic master-feeder fund structure.
Traditional IRA Contribution Limits for 2021 and 2022
The IRS imposes limits on how much an individual can contribute to their Traditional IRA each year. The amount of contributions that are tax deductible may also be limited. This article and video discusses those limits for the 2021 and 2022 tax years.