Spruce Up Your Finances

Financial tips to keep more of your hard-earned money

Ken

The Early Withdrawal Consequences on a Roth IRA

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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 distributions from most retirement plans will be included in your … [Read more...] about The Early Withdrawal Consequences on a Roth IRA

How to Report Hobby Income and Expenses on Your Tax Return

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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 have you, there are hobbies that can generate a little income on the … [Read more...] about How to Report Hobby Income and Expenses on Your Tax Return

Guide To Buying Your Home

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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 use if you are thinking of purchasing your next house! A. Buy A House or … [Read more...] about Guide To Buying Your Home

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

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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 was stressed out because she had a test as well on one of her classes. There was … [Read more...] about My Wife Just Passed the US Citizenship Interview and 6 Tips You Can Use Before and During the Interview

Donate or Sell Broken Car?

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What happens if the cost of repair is more than the cost of the car? Would you give it up or have it fixed? This was the dilemma that my friend was facing. One of the car that he drives needed some repair but it turned out that it would cost him a lot of money to repair it. So he decided to give it up. He actually has two options that he was contemplating on: donate it … [Read more...] about Donate or Sell Broken Car?