Four years ago, Cait Flanders, a personal finance writer in Vancouver who turns 30 tomorrow, pulled out her credit cards and faced the truth she had been avoiding for years: She was $25,000 CAD ($19,800 USD) in debt, and most of it had been frittered away. Student loans accounted for $4,500 [...]
The NBA Players Association is one of the world’s wealthiest unions per member on the planet. There are tens of thousands of CEOs of corporations, but only 360 of the best players in the world. But the income is fleeting. For only a brief period in their lives they make [...]
Almost all taxpayers who retain tax return preparers to prepare their federal income tax returns do so because they find the task too challenging. They turn to tax return preparers because they are accustomed to handing tasks to experts when the requirements surpass the client’s level of competence. Show More Summary
The PIA calculation is based on the average of your highest 35 years of past covered earnings, where earnings prior to age 60 are indexed (blown up) to reflect economy-wide wage growth between the year you earned the income and the year you reached age 60. Show More Summary
Two-party system is hopeless for creating progressive change. Let's take a page from marriage activists and fight
The goal of every dividend investor is to generate dividend income that is larger than their annual expenses. This coveted goal is called the dividend crossover point. Regular readers know that my goal is to reach the dividend crossover point somewhere around 2018. Show More Summary
Don’t you dare to forget to check Form 26AS prior to filing your Income Tax Return. Form 26AS, a consolidated tax statement, is issued to PAN holders. Also referred to as Annual Statement or Tax Credit Statement, it has every tax related...Show More Summary
Leaders in the Roman Catholic Church urged Republican presidential candidates to follow the edicts of Pope Francis and focus their attention on climate change and income inequality. Last weeks announcement from Iowa bishops is the first time a U.S. Show More Summary
Tax opportunities present themselves at every level of income. Although for most tax brackets we recommend avoiding realizing capital gains, if you are in the 0% capital gains bracket, we have a completely different recommendation. In 2013, capital gains taxation became very complex. Now, there are at least four different tax [...]
Investors suffer a double-whammy when one of their holdings cuts its dividend, missing out on income and suffering a loss of principal in the subsequent selloff.
Very few people are willing to pay for content any more, be it music, news, or apps. Singers are seeing revenues plummet thanks to streaming, web sites are folding due to lack of income, and developers aren't able to feed their families simply by selling through the App Store. Show More Summary
Did Greece initially put itself into a bad place? Certainly. Even a number of economists, including two Nobel Prize winners, who have urged debt relief and a grace period, including greatly improved tax collection, have said as much. As the story of Greece, the EU, the European Central Bank, and the [...]
Rich US retirees are known to spend their last years living it up in retirement hubs such as Florida. This column presents new evidence from the US suggesting that, in fact, those with high incomes run down their assets more slowly than implied by the basic life cycle model. Show More Summary
Gone are the days where the most viable option for most citizens to get an income was to get the... The post 7 Things People Starting Their Own Business Should Know appeared first on Lifehack.
Becoming your own boss is a major shift in responsibility. For the first time, your income will be directly linked... The post 10 Steps To Transform Yourself From An Employee To A Boss appeared first on Lifehack.
Really, a $6 million pick-up truck. We’ll just show it to you. It was up for auction, top bid was $50,000. Since there was a minimum bid, we don’t know what the minimum was, it didn’t sell. When we first saw the headline about a $6 million pick-up we thought the story was about Kim Kardashian. Show More Summary
Wall Street Journal op-ed: What Life Was Like in 1776, by Thomas Fleming (Former President, Society of American Historians; Author, What America Was Really Like in 1776 (2012)): Americans [in 1776] had the highest per capita income in the civilized world, paid the lowest taxes—and were determined to keep it...
There’s a new Minecraft game incoming and it’s just got its first preview at Minecon in London. ‘Minecraft: Story Mode‘ is an adventure game, by Telltale Games, home of the classic ‘Monkey Island’ as well as ‘Game of Thrones’ and ‘Walking Dead’ tie-ins. Show More Summary