The Lack of American Ge...

Money Magazine shared the average deductions for charitable giving by adjusted gross income in its December issue. Here are the results: Adjusted Gross Income: $50,000 – $100,000; Average Charitable Deduction: $2,700 Adjusted Gross Income: $100,000 – $200,000; Average...

$1 Gold Coins Dead in t...

Last summer I noted that the US Mint had halted the $1 gold coin free shipping program because people were abusing it (they were ordering the coins to get the credit card rewards but they weren’t circulating the coins — the intent of the program — instead they simply...

What If I Lost My Caree...

The following is an excerpt from the book When Life Strikes: Weathering Financial Storms by Cal Brown, CFP, MST. The excerpt is a digitally scanned reproduction of text from print. Although this excerpt has been proofread, occasional errors may appear due to the scanning process. Please...

Focus on Net Worth Over...

Dr. Thomas Stanley tells us that those who have become wealthy do so in part because they focus on net worth over income . His thoughts: Attitude is the greatest difference between millionaires and the rest of us.  I’ve also learned that the rich follow certain rules. Rule #2: ...

Reader Profile: Mr AtoZ...

The following is the latest post in my “Reader Profiles” series. Each post in this series details the financial situation and challenges of an FMF reader. The purpose of this series is to help us all identify with people like us (in similar situations — not all will be,...

What Is a Roth Federal ...

The U.S. Federal Government’s Thrift Savings Plan (TSP) is a deferred contribution retirement plan for Federal employees. The TSP is administered by the Federal Retirement Thrift Investment Board, an independent government agency, for the benefit of civilian Federal employees as...

Five Retirement Myths...

MSNBC lists five retirement myths as follows: 1. Medicare covers all important health care costs. Medicare covers a portion of your medical expenses once you turn 65, but far from all of them. The program was designed to pay for major health care needs, not routine dental or eye care,...

PenFed Promise Credit C...

You can’t turn on your television or open your mailbox these days without seeing yet another credit card offer from a major bank. Some offers sound better than others, and they all have potential benefits and drawbacks. The sheer number can be mind-boggling, and if you’re in...

4 Reasons the IRS Can S...

If you filed your taxes recently and your calculations told you that you’d be getting a nice fat refund check, you might be a bit surprised when you check the tax refund status and discover that it’s no longer coming. Believe it or not, there are several situations in which the IRS...

Multiple Accounts: An E...

The following is a guest post from Marotta Wealth Management . To build real wealth, you need specific wealth management tools. One of these is opening the right accounts and using them correctly. Most families have less than half of the accounts they really need, and young newlyweds...