Understanding how the tax brackets work will aid your tax planning and make for more informed, reasonable discussions of tax policy. Here are the tax brackets for 2021:     The standard deduction has also been raised for 2021.     People Don’t Understand How the Brackets Work One of the most interesting phenomena I’ve noticed over the years is ...

Author’s note: After 8+ years in the investment industry and having everything I said or wrote vetted by compliance, I relish my freedom to share more of my opinions with readers than I could with my clients. I try to share as much information as I think helpful, much of it based on my own personal experiences. That also means ...

If, like many, you graduated college with some student loan debt, you may be concerned about paying it off as quickly as possible. If you can manage your monthly payment and have excellent credit, refinancing your student loans may be a viable way to do it. Student loan refinancing is the process of exchanging your old student loan for a new ...

[Editor’s Note: Today’s WCI Network post is from the Physician on Fire. That means I did not write it. I am definitely not retired from medicine. But today we’re going back to visit the most important moment on the Physician on FIRE blog. The apex and crux of the entire story. We watched him achieve FI and then surely but ...

If you’ve ever carried an insurance policy, you’ve paid an insurance premium, either out of your own pocket or through your employer. That recurring premium is the price you pay to keep your policy in effect. In insurance sectors familiar to many Americans, it’s common practice for insurers to recalculate premiums each year. The out-of-pocket cost of your auto insurance policy, ...

You’ve probably heard by now that Roth IRAs have magical money-growing powers. OK, maybe they’re not quite magic. But there’s a lot to love about Roth IRAs: The tax-free growth. The flexibility to access your contributions in an emergency. The fact that once you reach age 59 ½, you get to withdraw your money on your schedule — not one ...

Investing in the stock market is one of the best ways to build wealth over the long term, but it can be complicated and stressful to get started if you’ve never invested before. The good news is that investing is more accessible than ever. Years ago, you had to work with stockbrokers who charged heavy fees and might not have ...

There are no two ways about it — 2020 has sucked. When the year started, the economy was booming and unemployment was low. Wages weren’t necessarily rising, but the stock market was at all-time highs, and things were generally humming along. Boy, those were the days. After hitting all-time highs in February (the S&P 500 Index was around 3,400), the ...

Recruiters and hiring managers often have to sort through countless resumes when they’re trying to fill an open position. They don’t have time to comb through each one to determine whether an applicant is a good fit or not; they need to be able to get a feel for your qualifications right away. This means your resume needs to grab ...

My thanks to Chicago attorney Daniel N. Janich for contributing this post with his thoughts and suggestions on what you should do if you find yourself dealing with a noncompete agreement from an employer.  While a career management post might seem out of character for this blog, in reality for most of us our earning potential is a key driver in our ...

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