To avoid getting hacked, use a different strong password for every website. A password manager makes this easy. In Theory In theory, it's easy to avoid getting hacked. Just use strong passwords. The person in the picture got it right: Ridiculously long Randomly...
If you're savvy enough to use your HSA for retirement, here are some HSA pro tips to squeeze out the most value. Save receipts You should be paying current medical expenses from your bank account, not your HSA. But you'll want to reimburse yourself from your HSA in...
This article shows what you lose if your disability insurance is taxable. Say you earn $300K and have a group policy at work that covers 60% of gross income up to $15K/month. Your max benefit is $180K/year ($15K x 12 months). Taking a 40% pay cut if you become...
Many ER docs reluctantly cut their giving in retirement, to make sure their nest egg lasts. The Charitable IRA is a powerful way to stay financially secure and still benefit charity. The giving dilemma in retirement Even if you gave generously during your working...
Donating cash is great, but you get more bang for your buck by donating appreciated stock or other investments that have risen in value. Donating appreciated stock has powerful tax benefits: Save income tax. Avoid capital gains tax now. Avoid capital gains later. Save...
You know how much your disability insurance will pay (or do you?) But is your disability insurance taxable? Here's how to tell. Is Your Disability Insurance Taxable? Your disability insurance is: Taxable if you didn't pay tax on the premiums. Tax-free if you paid tax...
A lot of people think they’re getting a tax benefit from their charitable donations. Under current tax law, many of them aren’t! Bunching multiple years of planned donations into one tax year can solve this problem. Why many people get no tax benefit from donations...
A donor-advised fund (DAF) is a charitable investment account that is owned by a 501(c)(3) nonprofit, but controlled by you. This article reviews 5 benefits of a donor-advised fund. 5 Benefits of a Donor-Advised Fund Benefit #1: Get an immediate tax deduction A key...
How much will your disability insurance pay? Knowing how much your disability insurance will pay is key to deciding if you have enough coverage. Many disability insurers will cover a max of 60% of your income. This is the total amount between your policy at work...
There are two main types of mortgages. A fixed rate mortgage has the same rate and payment the entire time. An adjustable rate mortgage (ARM) can change its rate, and therefore your payment, as rates change in the marketplace. We strongly recommend a fixed rate...
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