I know that most of you already know that leasing a car is not the smartest financial thing a person could do, but I was reading something the other day over at Edmunds.com that just made me laugh. Apparently, the person who wrote the article, makes out on leased cars by just buying them at [...]
This is a question that is coming up frequently these days, due to the new deductions regarding Private Mortgage Insurance (PMI). The quick answer is NO, your homeowners insurance is usually not deductible. Be careful not to make that mistake when filling out your taxes this year. Be sure to take the PMI [...]
Ok. You now realize you shouldn’t have done that car lease. What can you do about it?
Well, there are a number of things. First of all, you need to identify what changed. Why do you want out? Did you come to your senses and realize that a car lease (or Fleece as [...]
If you have read much here at my site, you know I am a Christian and I believe in the 10-10-80 rule of investing. Simply put, it means you give 10% to God first, then 10% to savings (investing, retirement, etc) then you live on the remaining 80%. See my post about it to learn [...]
Get Turbo Tax at Amazon.com. You can get much cheaper than at the store!
If you have purchased a home in 2007, you may qualify for a new tax deduction. Many borrowers are required to purchase private mortgage insurance, or PMI, when they get a loan This insurance is required by the lender to [...]
Is that true? That is what I think I heard Dave Ramsey say on his show today. Three hundred and eighty-four dollars! Wow. I know some of you are not average, maybe you are even ABOVE average. (EDIT. March 10, 2008, I heard from a reliable source that the average car payments was up to [...]
Ever heard of it? Maybe you have if you have a Christian background. If not, I will tell you about it. I am a Christian. As a Christian, I believe that God owns it all, and we have things to use here by His will. When we die, it is all not ours anymore. But [...]
Important Facts About the Roth IRA
1. Contributions are made only on a non-deductible basis – the tax benefit is realized when funds are withdrawn because you pay no taxes on earnings. Great news!
2. Contribution limits are adjusted annually as follows:
Year
Age 49 and below
Age 50 and above
2006–2007
$4,000
$5,000
2008
$5,000
$6,000
3. The Roth IRA is only available to those whose [...]
It’s time to start thinking about investing in your Roth IRA. Do you have one? Are you over 18 and breathing? Do you expect to live a while longer? Do you have anyone in this life that you care about?
You need a Roth IRA. Why ? Because it is the best wealth building, get rich [...]
Surprisingly, the US Government is going to help many Americans make a million dollars, if they want to. Do you want to?
The new economic stimulus package being worked out in our government will mean that most American citizens will be getting free money from the government this spring to the tune of 1800 dollars or [...]