The Sharing Economy and Taxes

In recent years, there has been a new “minimalist” movement as millennials begin to enter their 30’s.  In prior years, the ultimate mark of the middle class was owning “stuff” and showing it off.  However, with the environmentally conscious millennial generation, owning two or three cars can be seen as wasteful.   Rather than have … Continue reading The Sharing Economy and Taxes

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Tips for Lowering Your Tax Bill

Many people dread tax season and the April 15th deadline every year. Paying taxes is simply something Americans do, and most do it grudgingly. Scrambling to find last-minute deductions and tax credits has become something of a rite of passage for many taxpayers. Luckily, there are several such credits and deductions available for many people … Continue reading Tips for Lowering Your Tax Bill

Beating Taxes in Retirement Savings

Throughout our working lives, a portion of our paychecks goes to taxes. The tax rate is determined by income, and what we owe is dependent on our salaries. While it is possible to lower taxes through various means, such as contributing to a retirement plan or deducting mortgage interest, our salaries are the single most … Continue reading Beating Taxes in Retirement Savings

The Ins and Outs of 401(k) Plans

Many people are confused about the different types of retirement savings plans.  The confusion grows when they are faced with such decisions as which plan to place their money, how much, and when they can draw their money out during retirement.  Traditional or Roth?  401(k) or 403(b)?  The questions concerning retirement savings plans can be … Continue reading The Ins and Outs of 401(k) Plans