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Readers: Today’s post was written by my daughter, Nina. — Len I’m only 13 and I’m worrying about my future. Not in an academic kind of way, but in a financial one. That’s because there are certain things that terrify me about growing up and living on my own. Here is a list of the top five things that make me nervous for the future: Paying taxes The thought of paying taxes absolutely terrifies Continue reading My 13-Year-Old Daughter Shares Her Financial Fears As this penny illustrates, even the United States Mint occasionally makes money mistakes. I’m not ashamed to admit I’ve made more than a few mistakes in my lifetime. After all, everybody screws up occasionally; for us humans, mistakes come with the territory. For example, I remember the time I decided it would be great fun to play Wii golf for eight consecutive hours. So I did. Unfortunately for me, my middle-aged left Continue reading The 50 Biggest Money Mistakes Household CEOs Make A hospital groundskeeper came across two medical doctors in white coats searching through one of the clinic’s flower beds. “Excuse me, gentlemen,” said the gardener. “Have you lost something?” “Not at all,” replied one of the doctors. “In a few minutes we’ll be doing a heart transplant for an IRS auditor and we’re just looking for a suitable stone.” Heh. You know, nobody likes being audited — especially me. (I realize I’m probably on Continue reading How to Avoid Being Audited by the IRS From a purely financial perspective, there’s no doubt that it’s better to maximize income tax withholding exemptions on your W-4 form because the resulting additional take-home pay can be invested or placed in an interest-bearing savings account. After all, the alternative is to give the government an interest-free loan every year. Even so, I still prefer to get an annual tax refund — mainly because the guaranteed lump sum Continue reading 100 Words On: Why I Don’t Feel Guilty Getting a Yearly Tax Refund Now I know how it feels to be paid like my favorite gynecologist, the world famous Dr. Dean, from the Millionaire Nurse Blog. At least on a weekly basis. The reason I say that is because a couple days ago, after a long hard day at the office, I was immediately greeted by the Honeybee as I opened the door. And I instantly knew something was amiss because, usually, the only Continue reading I Earned HOW Much Last Year? The 6-Figure Mistake on My 1099 Form. There are people out there who swear that if you’re lucky enough to see the first flower of springtime on a Friday, it’s a sign of impending wealth. I know. I don’t buy it either. Still, let’s assume these folks know what they’re talking about; what happens if that first flower is found on Friday the 13th? Is the wealth omen officially null and void? Can somebody take an action item and get Continue reading 10 More Old Wives’ Tales Masquerading As Financial Rules of Thumb I have a lot of bad habits. For example, I tend to bite my nails when I get stressed out. I also have a penchant for opening the cupboard to get a drinking glass — then walking away and leaving the door wide open. I know. I can’t explain it either, but it drives the Honeybee absolutely bonkers every time I do it. Even so, I like to remind her that Continue reading 50 Good Personal Finance Habits Everyone Should Follow April 15th might be behind us but then again isn’t it “always around the corner?” When choosing the right professional to handle your tax preparation, the most important factor is not the talent but the location. Depending on where you are, you definitely want someone who works close by, preferably in the same city as you. It’s merely because city, county, and state lines undeniably matter when making sure you’re not Continue reading 4 Tax Prep Experts and How They Can Help You – Choose Wisely by Matt Robinson This year’s tax filing deadline was Monday, April 18, 2011. If you missed the deadline, you may face penalties and a number of other consequences that will only get worse if you do not take your income tax filing seriously. The consequences of not filing taxes vary by situation, but regardless of your unique tax or financial situation, the sooner you rectify your situation with the IRS, the Continue reading Missed Tax Deadline? Here’s How to Reduce or Eliminate Penalties. |
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100 Words On: A Grim Warning to Those Who Think Money Grows On Trees
A democracy can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the treasury, with the result that a democracy always collapses over loose fiscal policy. The average age of the world’s greatest civilizations has been 200 years.
– Alexis de Tocqueville
The bottom line: By 2016, our National
Continue reading 100 Words On: A Grim Warning to Those Who Think Money Grows On Trees