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Money Magazine: 25 Rules to Grow Rich By, Part 1

by Flexo

Money Magazine seems to be publishing some good content lately. First, it was 7 shortcuts for major money hassles, and today it’s a larger feature on 25 rules to help you grow rich. I’ve never been one to play by the rules, which in my opinion, are made to be broken. In fact, I hate ... Continue reading this article…

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Tax Bill Passed By House And Senate

by Flexo

On Thursday, the Senate passed a new bill, already passed by the House, that extends reduced tax rates, changes the nature of the Alternative Minimum Tax (AMT), eliminates an extension to higher-education tuition deduction, and eliminates a special deduction for teachers who pay for supplies out of their own pockets. The rich — those with ... Continue reading this article…

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TIAA-CREF Funded My SEP IRA!

by Flexo

TIAA-CREF has finally come through! You may have been following the saga. If not, here’s the short version: In order to reduce my tax liability from self-employment income, I wanted to open a SEP IRA. The SEP IRA lets you contribute tax-free beyond the Traditional/Roth IRA limit, but only as an employer. I employ myself ... Continue reading this article…

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Taxes Down To The Wire, File An Extension

by Flexo

Today’s the deadline for paying taxes if anything is owed to the government. If you’re still working on your paperwork, you’ll need to file an extension by the end of the day today. Here is what H&R Block says you need to consider when contemplating filing an extension: * Notify the IRS. It’s Form 4868. ... Continue reading this article…

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