By Joy Taylor From Kiplinger’s Personal Finance Question: Is forgiven student debt taxable? Answer: No, at least through 2025. As a general rule, debt cancelation income is taxable. But a 2021 law provides that most student loans forgiven from 2021 through 2025 are tax-free. President Biden’s plan to forgive up to $10,000 in student loans…
The Pain and Pleasure Principle
I don’t care much for pain. In fact, I’ll do almost anything to avoid it. I also know that pain can be a good thing. The human nervous system triggers a sensation of pain to stop us from doing something that might cause a severe injury and to let us know that something may be…
Own Rental Property? Here Are Some Tax Deductions
During inflationary times, real estate can act like a hedge against inflation. It can also provide some stability if a recession turns to stagnation. But remember, even when inflation is roaring, people still need housing. It’s common knowledge that a mortgage’s interest can be deducted on a primary residence. But what about rental property? What…
Retirement: How to Manage Required Minimum Distributions While Still Working
September 28, 2022
admin
BrightbudgetingEarning Moneypersonal financepostpone retirementrequired minimum distributionsretirementRetirement AccountsRMDs
0 Comment
By Lisa Gerstner From Kiplinger’s Personal Finance Many workers aren’t ready to retire at the traditional retirement age of 65 and instead continue working into their 70s. While they can postpone retirement, they can’t entirely delay taking Required Minimum Distributions (RMDs) from tax-deferred retirement accounts. If you’re working into your 70s, here’s what you need…
How Major US Stock Indexes Fared Wednesday Sept. 28, 2022
Stocks on Wall Street soared to their first gain in more than a week as some calm returns to financial markets around the world. The S&P 500 jumped 2 percent Wednesday for its best day in seven weeks. That snapped Wall Street’s longest losing streak since the coronavirus crash in February 2020. Bond markets globally…
How Many Years?
Dear Dave, My husband and I are debt-free. We are in our mid-20s, we also have a full emergency fund, and we each have 401(k) plans with our employers. Currently, we are looking at life insurance. We do not plan on having children, so what length term policies would you suggest for a couple in…
Closing Prices for Crude Oil, Gold and Other Commodities (Sept. 28)
September 28, 2022
admin
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
0 Comment
Benchmark U.S. crude oil for November delivery rose $3.65 to $82.15 a barrel Wednesday. Brent crude for November delivery rose $3.05 to $89.32 a barrel. Wholesale gasoline for October delivery rose 9 cents to $2.58 a gallon. October heating oil rose 19 cents to $3.45 a gallon. October natural gas rose 22 cents to $6.87…
Mortgage Refinancing Hits 22-Year Low as 30-Year Mortgage Rates Rise Above 7 Percent
September 28, 2022
admin
30-year mortgageBusiness & Marketseconomic policieseconomyhousing marketinflationMarketsmortgage ratespersonal financereal estaterecessionUSUS Real Estate
0 Comment
Mortgage rates jumped again last week after the Federal Reserve reaffirmed its aggressive policy to raise interest rates to fight inflation. The average interest rate for a 30-year fixed-rate mortgages for conforming loan balances rose to 6.52 percent from 6.25 percent. Points increased from 0.71 to 1.15, including the origination fee, for 80 percent of…
Mortgage Refinancing Hits 22-Year Low as 30-Year Mortgage Rates Seen Rising Above 7 Percent
September 28, 2022
admin
30-year mortgageBusiness & Marketseconomic policieseconomyhousing marketinflationMarketsmortgage ratespersonal financereal estaterecessionUSUS Real Estate
0 Comment
Mortgage rates jumped again last week after the Federal Reserve reaffirmed its aggressive policy to raise interest rates to fight inflation. The average interest rate for a 30-year fixed-rate mortgages for conforming loan balances rose to 6.52 percent from 6.25 percent. Points increased from 0.71 to 1.15, including the origination fee, for 80 percent of…
100 Social Security Myths Busted
I’ve just released a new book. It’s called “Social Security: 100 Myths and 100 Facts.” You can get a hard copy of the book for less than 10 bucks at Amazon.com. You can get an electronic version of the book at BarnesAndNoble.com and other online booksellers. Regular readers of this column may recall that I…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta