There are many reasons for people to sell primary homes during their lifetime. People move to different locations due to work-related move. People may also have to sell their home, upgrade to a bigger home when the family has more members or downgrade the home when kids go to college, out of the home. Deciding […]
How to Minimize Tax on the Sale of Your Primary Residence. Read More »
A backdoor Roth IRA is a legal way for the high-income earners to contribute to Roth IRA. In general, IRA (Individual Retirement Account) is a tax-advantage vehicle toward retirement savings. There are different types of IRAs; however, this blog post will focus on Traditional IRA and Roth IRA as they are related to the Backdoor
Steps by Steps to Backdoor Roth IRA Read More »
Many of you may hear about IRC §121 exclusion which the taxpayer can exclude the gain up to $250,000 or $500,000 for married filing jointly. I also discuss about this provision in the another post. You can read the post How to Minimize Tax on the Sale of Your Primary Residence. One of the most
Real Estate Tax Trap to Avoid Read More »
Nowadays, most people change at least one job per their lifetime. New employees should explore the benefits that the company has provided to its employees in order to maximize the benefits. The post provides some guidance for employees to take advantages and to maximize the company’s available benefits. Here is the list of common benefits
Company’s Benefits – How to maximize the benefits- Finance 101 Read More »
I’ve always had a credit score of 800 and above for so many years. However, there was a silly mistake that costed me 90 points. The lower credit score impacted my interest rate and closing cost when I purchased my home in 2019. Automatic Payment is the key to keep up with billing deadlines As
A Silly Mistake Can Significantly Hurt Your Credit Score – A Mistake Should Be Avoided Read More »
