Do you understand whether or not your retirement savings will ever get taxed, or when that happens?  What exactly are mandatory withdrawals, and when do they start?  How to best leave retirement savings to your heirs?  If your grasp is fuzzy on any of these questions, then read on: TAXES:  Unless your tax-sheltered retirement, Read More

If you turn a profit by selling your home, the first $250,000 of that profit will be excluded from your taxable income. (That’s per owner. So for a co-owning couple the first $500K would be excluded).  Yay! But what about if you rented it out for a while before selling?  If you lived in, Read More

https://www.pressreader.com/usa/los-angeles-times/20190908/282011854048565

We are advised to do all we can to pay down high-interest debt as fast as we can. But is it ever advisable to cash out a 401(k) or IRA to help reduce or eliminate such debt? Experts say this rarely makes sense. You naturally want to avoid paying that high interest on your, Read More