3/9/2023 — tax

A SEP IRA (Simplified Employee Pension Individual Retirement Account) is a type of retirement savings plan that is designed for small business owners and self-employed individuals. It allows for contributions to be made on behalf of both the employer and the employee, and it has relatively high contribution limits compared to other types of retirement plans. Some key things to know about SEP IRAs include:

MVNO: Save Big Money on Phone Service

1/29/2023 — budgeting

The "Big Four" cell phone carriers in the US -- AT&T, T-Mobile, Sprint, and Verizon -- are now just three, since Tmobile and Sprint have completed their merger.  These companies pay big money for advertising, and charge big prices as a result. What most people don't know is that these companies are required to let smaller companies re-sell their services and use their network, often resulting in sizable savings.


1/27/2023 — tax

A SIMPLE IRA (Savings Incentive Match Plan for Employees Individual Retirement Account) is a type of retirement savings plan that is designed for small businesses with 100 or fewer employees. It allows for both employer and employee contributions, and it has relatively lower contribution limits compared to a SEP IRA but higher than traditional IRA.

Beginner's Guide to Credit Cards

1/23/2023 — budgeting

There's a lot they don't teach in school. There's a lot everyone just expects you to know. Credit cards are not only something you should learn about, they are something you must learn about. Credit cards can be very hazardous to your financial health if you don't know what you're doing. You gotta know when to hold 'em, you gotta know when to shred 'em.

The Roth IRA

1/20/2023 — tax

The first investment account every person should have is a Roth IRA.  You can open this kind of account at Vanguard, or any other provider that you choose.  Money in this account is allowed to grow tax-free, and you also don't have to pay tax on it when you take the money out.