100 Words On: Why I Don't Feel Guilty Getting a Yearly Tax Refund

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 windfall

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6 Personal Finance Tools for Your College Student

As kids head off to college, they face a range of new temptations that can drain their financial resources. For many parents, the fear of a child falling into financial trouble is as deep as concern over academic performance. Unlike a semester of less than stellar grades, which good future performance largely offsets, poor financial decisions often haunt students for years after they leave college. You can help to equip

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100 Words On: Why Inflation Is Taxation without Representation

Inflation is a tax that doesn’t require legislative approval. Here’s why: Assume your saving account earns 3% interest. (I know; but play along.) Whether that interest is taxed at 100% in a zero-inflationary environment, or earned tax-free with 3% inflation, the end result is identical. Considering the US is mired in over $100 trillion of debt and unfunded obligations, that’s especially convenient.

The bottom line: Legislators know that imposing onerous taxes on

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18 Facts You Didn’t Know About Hyperinflation

In October 2013, the US National Debt surpassed the $17 trillion mark — and by the end of 2014, the debt is expected to reach $18 trillion.

At some point, the world will finally lose faith in our currency and conclude that it no longer makes sense to store their wealth in US dollars.

When that happens, the sell-off of “the almighty dollar” will begin in earnest. As those dollars return to

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Key Info to Keep for Your Financial Records (and for How Long)

Despite the fact that many businesses and services now offer paperless options, you can still wind up with a load of paperwork. It’s not uncommon for the average household to receive between 30 and 50 pages worth of paperwork in physical or electronic form each month. Obviously, the easy thing to do would be to just shred it all.

Shredding, of course, comes with certain risks. The biggest risk that you

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My 13-Year-Old Daughter Shares Her Financial Fears

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

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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

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The 50 Biggest Money Mistakes Household CEOs Make

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

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How to Avoid Being Audited by the IRS

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

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I Earned HOW Much Last Year? The 6-Figure Mistake on My 1099 Form.

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

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