There is a ton of ink written on this subject. Paying the house off early is one of the more divisive topics in financial planning. Before I go into why I am choosing to pay off my house early, I will explain the argument for taking out a 30 year …
I came across an article last night that gave me a lot of thought, entitled $150,000 Income, $150 Income Tax. The author of the article and his wife both earn roughly $75,000 a year. They both max their 401K saving contributions to $17,500 a year. They max an HSA to …
Many of us wait until the last minute on April 15th to file our income tax returns. It’s an overly complex process, it’s unpleasant, and reminds us just how much of our money we give to the government every year. In our last minute haste it is easy to miss …
The home mortgage interest deduction is seen as a sacred cow in our tax code. Proponents insist that to get rid of it would substantially reduce home purchases and put downward pressure on prices. Who are the major proponents of this $70 billion a year tax expenditure? Realtors, Builders, and …