Taxes

The National Debt and Taxes – A Solution

I like to think of the government as a giant, non-profit business. Every single American is a customer. As customers, the government’s job is to keep us happy. As a business it is responsible for keeping itself “profitable” and viable for the future.

Take a Loan on your 401(k)?

I was wondering what your take is on borrowing from a 401K to pay off credit cards. Everything I’ve read says not to but 1) I have an interest rate on one card that is 27%; 2) I’d be paying myself back an annual rate higher than anything I’m getting now. So why not?

What The Heck is a 529 Anyway?

Almost every investment firm offers a 529 account. They talk about how great it is and how everyone should have one. Most people have no idea how a 529 works or what it is. This post will give you a breakdown on the basics of a 529 and what you need to know if you are going to get started with this type of account.

How To Deal With US Savings Bonds

If you are like me, you have a big stack of US savings bonds that has been accumulating dust in a safe deposit box since you were born. If you are under 30, those are still gaining interest today. But what should we do with our savings bonds? I never thought to cash mine in until I got to grad school, and that promted quite a bit of research into how to deal with finding the value, paying the taxes, and cashing in my bonds. I will take you through the process I went through up to today, the day I take my bonds to the bank.

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