4 Smart Reasons Why You Should Do Your Own Taxes

When you get your W-2 in the mail each year, it might fill you with a bit of dread. It’s time to call your accountant, wait in line some Tuesday night in March, and pay out a hefty chunk of your refund just to get someone to type your income and taxes paid into some computer software program. It all seems like a waste of time and money, with a thankless reward of handing over a check to the government at the end of it all.

Getting married? Understand the financial implications

Getting married? Understand the financial implications

Getting married changes your financial life in profound ways. It’s not just that you’re living together or sharing expenses (you don’t need marriage to do that…), it’s that your legal and tax status changes. And while your credit rating remains individual, your future choices could be changed by what your spouse brings into the financial picture.

Read more…Getting married? Understand the financial implications

Freebies in July!

Rejoice in the nation’s freedoms by grabbing a few free treats this month.

July has arrived, and as you celebrate our nation’s freedom, also take a moment to rejoice in all the freebies available this month!

From complimentary cheesecake to free museum access for active military members (thank you for your service!), we are spotlighting some incredible offers you don’t want to miss.

Read more…Freebies in July!

Changing Jobs? Careful with Your 401(k)

U.S. workers change jobs every 5½ years, on average.1 These changes often include a very important decision regarding the assets in their former employer’s 401(k) or other defined-contribution plan. Unfortunately, about 45% of people cash out their balances in workplace plans when changing jobs, and the percentage rises to 55% for those with balances of $5,000 or less.2

Read more…Changing Jobs? Careful with Your 401(k)

If your debt is discharged, do you still owe it?

I recently read an online forum which said that a creditor charges off a debt once it’s turned over to collections. What’s more, I gathered that a person does not have to repay this debt and can write “cancelled” on any invoices received from a collection agency instead of paying the bill. Is this information correct?

Unfortunately, the Internet is often a source of misinformation.  If you opt to write “cancelled” on a invoice for a debt you legitimately owe, you may find yourself being sued.  If you’re already dealing with the fallout from past debts, getting sued will only further complicate your situation.

Read more…If your debt is discharged, do you still owe it?