Congress passed a new stimulus bill before the Christmas weekend. Although President Trump wanted to raise the second stimulus check from $600 per person to $2,000 per person, he still signed the bill into law. Unlike the previous stimulus law — the CARES Act — this new law doesn’t have a catchy name. The law […]
Latest Blog Posts
See Your Social Security Benefits Estimate In an Interactive Chart
Social Security Administration added an interactive chart in the online account but a third-party tool still does a much better job.
529 Plan For High School Seniors and Students Already in College
When you child gets close to going to college, consider investing your 529 plan account in CDs or a stable value fund. Only some 529 plans offer them.
Pay Rent Electronically By Zelle: Daily Limit and Recurring Payments
Zelle works well for paying rent, but it can be a challenge to find a bank that allows a higher sending limit and supports scheduled automatic payments.
401k vs Pension: How To Get As Much From a 401k As a Pension
Next time you hear “people used to have a pension,” think “people used to save 15-20% of their pay.” Nothing stops you from doing so today, unless you don’t want to.
CARES Act Charity Donation Deduction: Ongoing or Only 2020?
CARES Act created a new above-the-line tax deduction for those who take the standard deduction. Is it ongoing or is it only for 2020?
The Intersection Between Income and Wealth and The Role of Frugality
Data from the Federal Reserve reveals the relationship between income and wealth. Conditioned on having the necessary income, frugality then plays its role.
CARES Act 2020 Charity Donation Deduction: $300 or $600 for Married?
The IRS Form 1040 instructions clarified the new CARES Act charitable contributions deduction for married filing jointly.
Fidelity Extended ETF Orders in Dollars with Fractional Shares to Website
Fidelity used to accept ETF orders in dollars with fractional shares only in its mobile app. Now the same functionality is also online.
Ally Bank Removed Online Early Withdrawal From No-Penalty CDs
Ally Bank removed the simple online process for early withdrawal from a CD. Now they make it more difficult and force you to call customer service.