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If you donate to several charities every year or you want to become more strategic in your charitable giving, a DAF can simplify the gifting process. A DAF can also simplify the process of gifting appreciated, non-cash assets.
When you sell a home that has been rented there are restrictions on your ability to exclude all of your gains. The exclusion is limited to the gain associated with the time your home was used as a primary residence. You cannot exclude any gain that may be attributable to depreciation allowed after May 6, 1997.
Going out on your own as an independent contractor, a consultant or a small business owner is a major decision that can have significant financial implications. You will need to earn 20% to 40% more as an independent contractor than as an employee just to stay even. Self-employed individuals have to pay twice the amount in Social Security and Medicare
When you need extra money to pay some bills, make home improvements or buy a new car, a 401k loan may seem like the perfect solution. At first glance, it seems like a great idea to borrow money from your 401k account and pay interest back to yourself.
Many investors think of investing as a competition between investing in the stock market, interest earning investments and real estate. Too many people take a strong stance for or against one of these three broad categories rather than embracing the advantages that each one can bring to their portfolio.