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Charitable Contributions Tax Deduction Proof Needed in 2007

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 [...]

New Tax Deduction for PMI

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 [...]

Average Car Payment is $384

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 [...]

10-10-80 Rule of Investing

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 [...]

16 Roth IRA Facts

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 Contributions are made only on a non-deductible basis – the tax benefit is realized when funds are withdrawn because you pay no taxes on earnings.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

The facts in here are for 2008.  Current limits change [...]