Don't wait to build your Emergency Fund Did you know that most financial experts recommend setting aside enough money in an emergency fund to cover three to six months' worth of expenses in the event of a major financial surprise? That's because a well-funded emergency account has the potential to get you through tough times [...]
Corporations are transferring pension liabilities to third parties. Where does this leave retirees? A new phrase has made its way into the contemporary financial jargon: derisking. Anyone with assets in an old-school pension plan should know what that phrase signifies. The derisking trend began in 2012. In that year, Ford Motor Co. made a controversial [...]
A little frugality may lead to a lot of financial progress. Americans have a great deal of disposable income relative to many other nations, yet our free spending can take us further and further away from the potential for financial freedom. Some people fall into crippling spending habits and injure their finances as a consequence. [...]
The IRS just made taking a home office deduction that much easier. It recently announced a simple new option for tax years 2013 and forward. All taxpayers may now choose to calculate a home office deduction using a simplified “safe harbor” method. You just multiply the allowable square footage of qualified dwelling space you use [...]
