Last Friday we received our yearly property tax assessments in the mail. Usually these show the value and thus the taxes on the property going up every year. Imagine my surprise when I saw that they actually cut our tax bill! I’m curious as to how often this happens. The …
As long as you have an IRA or HSA that was established in the previous tax year you can make contributions for that tax year up until April 15th, tax day, of the following year. But what if you’ve already filed your taxes and want to make a contribution to …
This year I will pay no federal income tax. I think for the median family this is something that is entirely possible to do. Although it does take a lot of effort that the average family may not be willing to do. The median household in the US earns $51,000 a …
The number one rule of economics is that people respond to incentives. Incentives are set up by individuals, businesses, and governments to get people to do something. When it comes to saving for retirement, our government provides some strong incentives to get people to save more. One of the chief …