[Updated with recent numbers from Vanguard.] For the most part, 401k plans replaced pension as the prevailing vehicle for people's retirement. Surveys and studies show very bleak numbers. The ...
Latest Blog Posts
CARES Act Charity Donation Deduction: Ongoing or Only 2020?
While trying to solve one mystery in CARES Act Charity Donation Deduction: $300 or $600 for Married? I accidentally introduced another mystery. Is the deduction ongoing until the law changes again or ...
The Intersection Between Income and Wealth and The Role of Frugality
President-elect Biden's tax plan drew a line at an income of $400,000 for taxing the wealthy. It prompted some comments as confusing income with wealth. Some people have a high income but they aren't ...
CARES Act Charity Donation Deduction: $300 or $600 for Married?
Since the Trump tax law in 2017 increased the standard deduction and capped the deduction for state and local taxes, the number of people who take the standard deduction increased from 70% of all ...
Fidelity Extended ETF Orders in Dollars with Fractional Shares to Website
Fidelity started accepting ETF orders in dollars with fractional shares back in February but it was available only in their mobile app (see Fidelity Accepts ETF Orders in Dollars with Fractional ...
Ally Bank Removed Online Early Withdrawal From No-Penalty CDs
I have some money in a no-penalty CD at Ally Bank. A no-penalty CD offers the best of both worlds: The interest rate is guaranteed not to go down during the term, and the money stays liquid at all ...