10 Budget Categories That Belong in Your Plan
Here you go — the most common household budget categories, with average budget amounts and percentages for each one. Including examples!
Need to Know: Required Minimum Distributions (RMDs)
A required minimum distribution (RMD) is a mandatory annual withdrawal that you must take from certain types of tax-advantaged retirement plans. If you don’t take your RMDs in time, you could have to pay a steep 50% tax on the money you should have withdrawn. However, the amount you’re required to withdraw can change each year because it depends on your age and the account’s balance.
How to Make the Most of Your Charitable Contributions
4 Ways to Maximize Your Charitable Contributions Charitable giving is an altruistic opportunity to help others and receive a tax deduction. Here’s how you can maximize both impacts. You can approach charitable giving in many ways. Perhaps it’s a monthly obligation, one of your regular…
Simple vs. Compound Interest Definitions and Calculators
Interest is the extra money you pay when you borrow money from a lender. You have to pay back the amount you borrowed, plus interest. Interest is also the money you earn when you deposit and save your money in certain bank accounts. Interest can…
Investment Property Loans: Everything You Need to Know
Investing in real estate requires capital, whether you’re buying a vacation condo to rent out, a single-family home for leasing, or a multi-story apartment building. loans can provide the capital you need, but they’re not exactly the same as conventional home mortgages. It’s important to understand the nuances of these loans before you sign on the dotted line.
Expense Management Tips for Property Managers
Whether you rent out a single house or manage multiple buildings with hundreds of tenants, it’s always important to keep your property management costs to a minimum to ensure profitability. Here are several ways to reduce your costs for both commercial and residential properties.
40 Tips for Buying Your First Rental Property
Buying can be a great way to earn income—whether you’re purchasing a condo, a single family home, an apartment building, or a number of properties to diversify your rental portfolio.
Rollover IRA: Rules, FAQs & How-To’s
When you have money in a 401(k) or other type of retirement account, you may need to move it if you leave your job (or for other reasons). In this situation, you may consider transferring the money to a type of account known as a rollover IRA.
Property Management Software: 6 Features Experts Want
If you’re a property manager, chances are your job requires you to juggle a lot of different tasks at once. Collecting rent, scheduling and managing repairs, maintaining a budget, posting and updating vacancy listings, keeping track of important legal documents—these are just a few of the many moving parts you have to stay on top of every day.
What is Portfolio Management? 5 Things Investors Should Know
What comes to mind when you hear the term “portfolio management”? Depending on where you are in your life and career, you may only be familiar with the basics, or you may have a fairly well-rounded understanding of how investment portfolios work and why they’re so important.