The new tax law means you likely saw a bump in your take-home pay starting in January. However, this doesn’t necessarily mean your 2018 taxes will go down. Now is a good time to review your tax withholdings and to ensure your budget leaves sufficient cash cushion to cover any tax payments next year if there's any uncertainty.
Ten years ago, Warren Buffett bet $1 million that a passive index fund would outperform a basket of actively-managed hedge funds selected by his counterpart in the wager. Buffett was right. Boring doesn’t mean mindless. Be thoughtful about where you hold your accounts, what you invest in, who you receive advice from, and how much risk you’re willing to take.
Ho ho ho: consumer spending this holiday season hit a four-year high. Good news for the economy, right? Perhaps, but at the same time revolving credit (think credit card debt) has hit an all-time high in the U.S., while food pantries are more packed than ever (including with people who have traditionally middle-class jobs).
Becoming a parent is perhaps the biggest of all life changes: the sacrifice of free time for tummy time, a sudden expertise in infant sleep cycles and bodily functions, and a host of financial considerations. Yes, babies can be expensive, but you can keep costs manageable.
For those of you receiving a nice check from Uncle Sam this year, here are 5 effective ways to use your tax refund.
This is the final article of our college savings series. Congrats for making it this far! One day not too far away, your kids are really going to thank you. Let’s recap what we’ve covered in the last month. We’ve talked about 1) whether to save for college, 2) what type of savings account to use and 3) how much to save. This final article will provide quick tips on how to maintain and (one day) withdraw money from your college savings accounts.