The possibility of investing in rental real estate has been a hot topic with clients of late. Entering the world of being a landlord is a not a decision to make lightly, with many factors to consider and ins and outs of the business to understand. Calculating income or loss on rental real estate for […]
Owning the right rental real estate can be a profitable endeavor, and often even with a property that’s making money, the tax bite can be minimal or even provide you with a deduction. Of course not all properties will be money makers, and while no one likes losing money on an investment, saving tax dollars […]
Thanks to Consolidated Credit for providing this infographic on college debt. Staggering college debt is no way to start off a secure financial future. Yet thousands of students every year rack up thousands of dollars in debt. The average college student attending a four-year institution ends up with $25,000 in debt upon graduation, which is […]
I recently had the pleasure of helping Lisa Scherzer with an article she wrote for Yahoo Finance about ways to tell if you are financially ahead of the game. Here’s one of the ways she wrote about: “1. By age 40, you’ve accumulated 1 to 3 times your annual income. Many financial advisers use age-based […]
This is a great market for homebuying- interest rates remain low and there’s still some inventory priced to sell. If you’re thinking of buying your first home, or buying up, check out this article I helped AP writer Alex Veiga with to see how to get your finances in tip top shape and ready for […]
My Q&A this week on Dimespring talks about the evolution of your tax situation as you get established in adulthood and your career, but the tips can be helpful for all of us. When you’re young, living at home, and all you have at tax time is a single W2, filing your taxes is pretty […]
Just in time to kick off the IRS opening efile season, here’s the final installment of the series of posts on tax recordkeeping . Of all the deductions our tax code allows, in my opinion the home office deduction should win the prize for “most likely to confuse and frighten.” So let’s shed a bit […]
Our monthly Money Circle for Women returns in January, and I’ll be part of the informational workshop “Introduction to Collaborative Divorce.” If either topic interests you read on for more information. Women’s Money Circle Women accomplish great things when they collaborate, and even money can be fun if you tackle it with your friends! […]
It’s that time of year, when we feel the newness of January around the corner and the chance for a fresh start. While you’re making your plans to join the gym or swear off cake, consider some financial resolutions to add to your list. Here are some suggestions, organized by the five things we can […]
I hope by the time you are reading this that your life has settled down to a more normal routine after our visit from Hurricane Sandy. While many of us are “only” dealing with a lack of electricity, quite a few have suffered physical property damage and the challenges that come with recovery. Even if […]
