Two Good Reasons To Think Twice About The New Tax Proposal

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Paying less in Federal income tax means you get to keep more of your hard-earned income for yourself, for your family and to share with others. You benefit, your family benefits and the economy as a whole benefits.

At least, that’s the way it’s supposed to work.

The new tax proposal is being pitched as a “tax cut for the middle class”.  As with every tax overhaul there are winners and losers, but taxpayers need to be careful what they wish for.

Improve Your Cyber Self-Defense With Stronger Passwords

5 steps to creating stronger passwords

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Prior to the Equifax breach, I admit to being lax in my personal cybersecurity. In my defense, it wasn’t so much that I was careless, I was just naïve to the risks that we face in our digital world.

Sure, I used passwords and followed all the basic rules. I assumed that big companies, the government and other stewards of my personal data, kept it secure in a way that I could count on.

In the past, that may have been enough, but after the recent Equifax breach, I decided to take a much more proactive approach to protecting my family’s personal information and reducing the risk of more serious problems down the road.

Your passwords – how you create them, how you manage them and how often you update them – are at the core of a strong cyber self-defense plan.

What Are Your Chances of Winning An Athletic Scholarship?

 

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The MN Lynx recently won their fourth WNBA title. Way to go ladies! No doubt, most of these talented athletes played basketball in college. I am sure quite a few of them also received scholarship money, maybe even so-called “full rides”, to play their sport at the college level and help fund their education.
If you are the parent of a young student-athlete you may be wondering if your child could qualify for an athletic scholarship to help pay for college.

In the free guide, My Favorite College Planning Tools and Resources, which can be downloaded from my website, I share several of my best resources for parents who want to pay less for their kids’ college education. One of my favorites is Scholarshipstats.com

Wait! Don’t Cancel That Old Insurance Policy

Photo by Les Anderson on Unsplash

Years ago, when your kids were little and your mortgage was big, you probably bought some life insurance. If you had a friend or family member who worked for an insurance company, odds are good that it was a whole life policy. These policies often come with a hefty monthly premium that you are going to pay for… well, your whole life.

Today, however, life is different. Your kids have kids of their own and the mortgage has been paid. Your need for life insurance has gone away, but those hefty monthly insurance premiums; they are here to stay.

A question I am often asked is, “Should I cancel my old life insurance policy?”

From the Archives: Two Rules My Grandmother Had About Money, and What They Mean For Your Investments

Betty Kelly 3.4.24

When I was a kid my family would sit around and play cards for money – usually nickel ante poker and games like that. The stakes were never very high, but it was enough money in those days that a kid could get into some trouble if he wasn’t careful. A big pot might be $50, but in 1978 that was a lot of money.

Rule #1: Don’t risk what you can’t afford to lose.