FICO Score: What It Is and The Main Categories

These percentages are based on the importance of the five categories for the general population. For particular groups – for example, people who have not been using credit long – the importance of these categories may be somewhat different. Payment History Account payment information on specific types of accounts (credit cards, retail accounts, installment loans, […]

Traditional Vs. Roth IRA: What Are The Differences

On one of my previous article, I’ve talked about the two types of non-employer sponsored retirement plan, which is the Individual Retirement Arrangement also known as IRA: The Traditional IRA and the Roth IRA. The Roth IRA is fairly new as the plan is only 13 years old (inception is 1998 as a result of […]

Traditional Vs Roth IRA: What Are The Similarities

On one of my previous article, I’ve talked about the two types of  non-employer sponsored retirement plan, which is the Individual Retirement Arrangement also known as IRA: The Traditional IRA and the Roth IRA. The Roth IRA is fairly new as the plan is only 13 years old (inception is 1998 as a result of […]

Top 4 Reasons Why People Start an Online Business

Easy access to real-time information has made the internet the go-to source for most of us. In addition, the internet has revolutionized the way of doing business influencing and changing the habits of various shoppers. Over 800 million have shopped online worldwide and the number of internet shoppers has grown by almost 20% every year. […]

4 Main Scholarship Search Sites For Selected Minority Students

The cost of going to college has been rising throughout the years and it is becoming less affordable for a lot of families. Most college students use some sort of financial aid to help pay for the costs of college such as student loans, grants, scholarships, IRA accounts, and other educational tax savings programs. Among […]

The Early Withdrawal Consequences on a Roth IRA

There might come a time when you’ll find yourself in a financial bind and  may not have any other options but to tap your retirement plans. The IRS considers any withdrawals from your retirement plan an early withdrawal or distribution if made before you reached the age of 59 1/2 years. In general, the early […]

How to Report Hobby Income and Expenses on Your Tax Return

Hobbies keep balance in our life. It is an activity that we love and enjoy that help us relieve the stress of our day-to-day lives or a diversion to keep us sane. Although most hobbies are done just for leisure such as listening to music, playing sports, playing video games, reading books, traveling, or what […]

7 Quick Facts About Roth IRA Contributions

In general, contributions to a Roth IRA are made using your after-tax dollars. Thus, there is no upfront tax savings to you, which may seem a bad deal on your current year’s finances. However, the key advantage of this type of IRA is if you start receiving distribution come retirement time, you will not have […]

2011 Tax Tables and Rates

Every year the tax tables are updated for cost of living allowance (COLA). Your tax filing status determines what tax bracket you’re going to be at. Generally speaking, married people filing jointly (MFJ) usually receives the best tax rate. The United States tax system is progressive, which means that as your income increases, your tax rate increases […]

Guide To Buying Your Home

Deciding when to buy a house is probably one of the toughest decisions that you will make. For most families, home ownership is probably on top of the family’s wish list and coming close to that reality may bring anxiety. The following are a few of our articles related to home buying that you can […]

Home-Based Business Start-up Guide

There are millions of home-based business in United States and the number is still growing. More and more people are turning into running a home-based business because of the various advantages it presents. Did you know that one of the best ways to reduce your taxes is to start a home-based business? Did you know […]

My Wife Just Passed the US Citizenship Interview and 6 Tips You Can Use Before and During the Interview

My wife had her US Citizenship interview just two weeks ago and she passed! I know that it was pretty late posting this since I was still thinking on what to include on this article and decided to post tips for those immigrants applying for US citizenship. She’s been really working hard on it and […]