What the heck is a 1099-K? It’s a new tattletale form designed to help the IRS know more about your income sources when you’re filing taxes. Its targets are the many people who run online businesses, sell at swap meets, or have home-based businesses but who don’t necessarily report all their income. The 1099-K tells [...]
Should you make your contributions into a Roth 401k (post tax money) or make contributions to a non-Roth 401k (pre tax money). Q: My husband and I are trying to determine whether he should continue to make retirement contributions into a Roth 401K or whether he should resume contribution to a regular, tax deferred 401K. [...]
Problems selling a home are plaguing homeowners, but it’s not the only issue facing the housing market. If you’re a senior and you own your own home, you are more likely to be targeted for a home-related scam, according to the FBI. And with the number of reverse mortgages (also known as a home equity conversion mortgage [...]
Selling a home isn’t an option for every homeowner, especially in today’s real estate market. If you’re house rich and cash poor, you might be looking for ways to tap into your home’s equity in order to have enough money to live on. A reverse mortgage is a government-insured home loan that lets homeowners convert [...]
Announcing the creation of a Family Money page on the Equifax Finance Blog. I am partnering with Equifax in 2012 to help you be more strategic with your money and investments. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show January 29, 2012 on WSB Radio. [...]
Budgeting is often touted as the best path toward saving money. Unfortunately, budgeting sometimes doesn’t work in the long term, as many people don’t have the discipline to log their every expenditure and say no to spending. Instead of implementing a traditional budget, try PERK—an easy and effective money-savings plan, says Robert Pagliarini, founder of [...]
Have you noticed that women’s sizes in catalogs now go up to 6X? Twenty years ago, you were lucky to find clothing in size 1X. January is when we look in the mirror and resolve to be smaller by the end of the year. It’s when all the weight-loss resolutions kick in. Let’s see what [...]
One of the biggest concerns for someone facing retirement is figuring out how one’s healthcare costs will be covered. Especially in the last few years, there have been a multitude of changes in healthcare costs, benefit options, and pension elections. Your health insurance options will also change depending on your age of retirement and the [...]
Today we’ll continue taking a look at the gender gap in retirement strategy. Women tend to need more money than men in retirement because on average they live longer, have more healthcare expenses, and often make less money in their working lives than men do. In addition to financial options—such as saving more, delaying retirement, [...]
Most of my clients worry about their family’s welfare in the event of their death, but many don’t consider what could happen if they were to become disabled. The very best advice I can give when it comes to disability insurance is to get it when you’re young, as that is when you are the [...]
