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A Tax-Free Hammock at 65

Imagine you’re about to retire and you’ve got a nice little nest egg saved up. (Way to go!) Obviously, you want to keep as much of your hard-earned cash as possible, while surrendering as little as possible to the IRS upon withdrawal. That’s why...

Be Ready for the Worst-Case Scenario

Suppose the first thing your boss says to you tomorrow is, “Clean out your desk.” Any idea how you’d manage? Time for a financial fire drill: Imagine paring down your current expenses and creating a plan to cover just the basics. “Basic” means...

Does Your CPA Pass the Quarterly Tax Test?

Ten years ago, business lawyer Nina Kaufman went from running her own shop to joining a limited-liability partnership. She was thrilled…until April 15 arrived, and with it, a $20,000 tax bill. Turns out, she should have been paying quarterly...

Meet the Emergency Savings Contest Winners!

Saving money is its own reward. But that doesn’t have to be the only reward.  Three participants in the Mint.com “It’s an Emergency!” savings challenge set up Mint accounts, and just won a tidy sum for their heroic savings efforts: Melissa, a...

Repent at Tax Time for a Year of Spending Sins

Every year at this time, because of the inevitable confluence of Easter and tax day, my inner Catholic gets resurrected, big time. This year’s guilty, post-itemizing revelation: What the hell happened to our budget, and where did all our money...

An Easy Paycheck Fix for 2012

If your tax refund (or bill) wasn’t quite what you expected, the problem could be that you claimed the wrong number of allowances on your W-4. Tax expert and CPA Kasey Pittman offers some guidelines on claiming the right number. It’s a...

Rev Up Your Car Care

A badly-maintained car will cost you a little now—and a lot down the road. Lori Johnson, president of Ladies, Start Your Engines!, offers this advice for savvy car care that will save you money: Open the glove compartment. Your owner’s manual...

What Does "Max Out" Mean?

Maxing out your IRA or 401k simply means that you contribute the maximum amount allowed in a given year.  What you really want to know is why maxing out makes a difference, right? Right. Let’s say you contribute $2,500 to an IRA every year, for...

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