Personal Finance

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Latest Personal Finance News

Why Does Trump Want Tariffs?

President Donald Trump sees tariffs as a means to reduce trade deficits, encourage domestic manufacturing and address national security concerns.…

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When Can You Retire If You Were Born in 1959?

If you were born in May 1959, you are turning 66 in 2025. This puts you right at the doorstep…

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Can 401(k) Participants Also Make SEP IRA Contributions?

Many people who contribute to a 401(k) wonder if they can also make SEP IRA contributions. The answer depends on…

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5 Strategies to Convert Retirement Assets Into Income

Saving for retirement is only half the battle. Once you leave the workforce, you’ll need a plan for turning your…

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Nonrefundable Tax Credit: Definition, Types, Examples

A nonrefundable tax credit can lower what you owe to the IRS, sometimes substantially but only to a point. Unlike…

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How to Withdraw From Your 401(k) After Age 60

Reaching age 60 is a major financial milestone, particularly when it comes to your 401(k) retirement savings. While you can…

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What Is Earned Income? Examples and How to Calculate

When it comes to taxes and financial planning, you need to know the IRS has different rules for different types…

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Refundable Tax Credit: Explanation, Eligibility, Benefits

Tax credits reduce the amount you owe to the IRS, but not all tax credits work the same way. A…

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How Much Should I Have in My 403(b) to Retire?

Wondering how much you should have in your 403(b) to retire comfortably? It’s a common question for educators, healthcare workers…

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2025 Corporate Tax Rates and Brackets By State

Corporate income taxes vary widely across the U.S. Some states impose flat rates, while others apply graduated brackets based on…

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