Transferring property with a quitclaim deed may seem like a quick and tax-free move, especially among family members. However, the reality can be far more complicated. These transfers often avoid immediate taxes. However, they can quietly set the stage for a much larger capital gains bill down the road. Understanding…
Federal employees with traditional Thrift Savings Plans can now convert money to a Roth TSP. This moves their future qualified growth and withdrawals into tax-free territory, but creates a substantial current-year tax bill. However, Roth TSP balances are not subject to lifetime required minimum distributions (RMDs). Here’s how the tax…
There’s an uncomfortable situation we need to look at in this country: the student loan crisis. This debt disaster has become way too serious to ignore—and it’s affecting the lives of millions. Right now, the total amount of student loan debt in the U.S. is over $1.6 trillion.1 That’s mind boggling, folks. Let’s review…
Land contracts can offer a path to homeownership without a traditional mortgage, but the financial responsibilities involved are not always straightforward. Property tax obligations in particular depend on how the contract is structured, and misunderstanding them can lead to serious financial consequences for either party. Here is what to know…
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While there has been much conversation on not buying from companies with poor diversity, little has been said about investing…
Lifestyle inflation occurs when your expenses increase as you earn more income. It can start subtly—dining at pricier restaurants, upgrading…
Chime, the largest digital bank in America, grew its revenue to $1.7 billion in 2024, an increase of roughly 30%…
Technology has transformed some parts of the daunting homebuying process–making it easier to search and compare properties online, to prepare…
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Buying a home is a huge deal, you guys. And when you throw an expensive real estate market on top of it, shopping for a home can feel like buckling up for an emotional roller coaster. But I’m here to share a step-by-step process for…
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In her half-century on earth, Torry Holmesly has been subjected to neglect, violence, eviction and homelessness. So, if you ask her about what…
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Chime, the largest digital bank in America, grew its revenue to $1.7 billion in 2024, an increase of roughly 30% from 2023, according…
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David Paul Morris for Bloomberg/Getty Images Key takeaways Artificial intelligence (AI) is a fast-growing and highly disruptive industry. There are many ways to invest in AI, including by buying AI ETFs, AI stocks or stocks of companies that utilize AI. AI investing comes with high growth potential but also high…
Bloomberg/Contributor/Getty Images Blue-chip stocks are well-known companies that generally have long-term track records of success. A blue-chip company tends to be a large, well-established leader in its sector and may also have a substantial consumer-facing business. This means that you may be familiar with the company by virtue of using…
The heated trade war between the U.S. and China may shift over the weekend, as top U.S. officials including Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer head to Switzerland to meet with Chinese officials to negotiate tariffs. Currently, the U.S. imposes a 145 percent tariff on most Chinese…
Key takeaways High debt levels can lead to increased stress and anxiety, pessimism about the future and a diminished social life. Creating a plan to pay down debt can improve your emotional outlook. It gives you a sense of control, shifts you from panic to action and helps reduce harassing…
Key takeaways Adverse possession is a legal principle that allows someone to gain ownership of land owned by someone else if certain requirements are met. Requirements for adverse possession vary by location, but typically include occupying, using and maintaining or improving the property for a specific amount of time. …
Adene Sanchez/E+/Getty Images A bad credit score, or any score below 579 on the FICO scale, can put a wrinkle in nearly any financial plan, including if you want to get a credit card. Most credit card issuers require good or excellent credit (670 to 850) to qualify for their…
Life insurance used to be something people figured out after settling down — you know, the house, spouse and two kids chapter of life. But for Gen Z and millennials, that timeline is getting a rewrite. They may not be buying life insurance in droves just yet, but they’re thinking…
Cons of Budgeting Apps While the best budgeting apps will give all the benefits above, they also tend to share a few general cons. These can include limitations and even risks for users, and knowing these before you get invested into a specific app can save you trouble down the…
Key takeaways As of July 1, 2025, the North Carolina inexperienced operator surcharge will extend from three to eight years. This law applies to driver’s licenses issued on or after July 1, 2025. New drivers with limited and full provisional licenses issued before July 1 are exempt. Young drivers in…
The United States is home to nine of the top 10 richest people in the world, but that doesn’t mean there isn’t significant wealth outside the U.S. In fact, the top three richest people outside the U.S. are all worth more than $100 billion, according to the Bloomberg Billionaires Index. …
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