Being what the Internal Revenue Service (IRS) classifies as an “independent contractor” means you have different tax obligations and deductions than do employees. This contingent workforce is growing because it gives organizations the flexibility to only use labor when it needs it and also not have to pay the benefits which employees expect to receive. In addition, freelancers … [Read more...] about Independent Contractor Tax Deductions, Obligations & Regulations
Pros & Cons of Reverse Mortgages
The reverse mortgage is one of a number of financial tools the aging can use to gain access to the equity in their homes without selling them. That is, it allows them to remain in their home which, according to such studies conducted by AARP, is what 80 percent of seniors want to do. Here’s an explanation of what a reverse mortgage is, its pros and cons and other options … [Read more...] about Pros & Cons of Reverse Mortgages
Proven Ways To Retire Early
Early retirement is part of the American Dream and it might mean very different things to different people. Millennial entrepreneurs might hope to sell their companies, never to labor for profits or wages again while 45-year-old middle managers may not want to work past age 50. If you’re looking for advice on an early retirement, check out these tips you may want to … [Read more...] about Proven Ways To Retire Early
Things To Know Before Purchasing Health Insurance
For most adults, selecting health insurance is a major personal finance decision. The monthly cost, even for those whose employers pay part of the premium, is usually high and the options are confusing, especially since medical insurance primarily comes under the jurisdiction of the individual state. In 2014, when the provisions of The Affordable Care Act, which is federal, … [Read more...] about Things To Know Before Purchasing Health Insurance
Things To Know Before Getting Renters Insurance
Renters insurance isn’t required by the law or lenders so it is one of the most neglected aspects of smart personal finance. It can be costly if you don’t have renters insurance, especially if a flood drives you out of your lodging or if someone slips and falls on your property and sues. As a result, you could wind up in a deep financial hole or even bankrupt. Also, if a fire … [Read more...] about Things To Know Before Getting Renters Insurance