Prairie Eco-Thrifter
DECEMBER 8, 2013
The money in the IRA can be used during your lifetime, but then can accumulate tax free while the next guy in line for it takes minimum distributions over his life. This is because the money is protected in the tax deferred (or tax free) account and it can build significantly over time. Roth IRA contributions are made post tax.
Savings Corner
APRIL 4, 2024
You can use this money for any purpose, including home remodeling , consolidating higher-interest debt , college tuition and other financial needs. Cash-out refinances are generally best for big-ticket costs: Think home renovations or major debt consolidation. The difference between the two is given to you in a lump-sum payment.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Savings Corner
APRIL 4, 2024
Both act as second mortgages, using your home as collateral, and may offer tax deductions if the funds are used for substantial repairs or upgrades. But it’s a revolving debt that offers an amount of funds (a replenishable balance, similar to a credit card limit) tied to the level of equity in your home. HELOC: What is it?
Prairie Eco-Thrifter
NOVEMBER 25, 2012
In this article we will look at the pros and cons of saving and investing, as well as reducing debt, as a means of gaining financial security. Conversely, the price may have dropped and you can only sell them for less than you paid for them. What About Debt? A dollar saved, as they say, is a dollar earned. What Should You Do? .
Family Balance Sheet
JUNE 4, 2015
However a few years ago, we found ourselves with too much debt and not enough cash. Within a year after settlement, we found ourselves with a lot of debt, not enough cash flow, and very little set aside for emergencies. As much as I wanted to be a property owner, the extra debt was beginning to suffocate us.
Prairie Eco-Thrifter
APRIL 6, 2012
PFP presents Investment Asset Tax Location posted at Pasadena Financial Planner , saying, ” As you move your cash, bond, and stock financial assets into lower cost, more broadly diversified investment mutual funds and/or ETFs, you should also consider how to “locate” your investment asset allocation with respect to more optimal taxation.
Prairie Eco-Thrifter
FEBRUARY 4, 2011
Most of the conversations we had with each other over the three months was what trades to make and who was an early pick up. Bucksome Boomer shares with us 9 tips for tax time that will save us from forming those wrinkles. Punch Debt in the Face tells us why no spend challenges are for wussies. Reducing Debt. GO PACK GO!
Expert insights. Personalized for you.
176 
Let's personalize your content