However, women tend to be smart long-term investors, and can retire comfortably with planning and an awareness of the issues they face. Issue #1: Longevity If you’re a 65-year-old woman, statistics say you have another 20.7 years of life left, compared with 18.1 years for the average male. That means women need to fund more years of retirement than men do, regardless of age. Plus, if you’re married to a man, there’s a good chance you’ll outlive your spouse and become solely responsible for your own health care and household expenses....

What Is Supplemental Income? Schedule E lists specific types of income considered as supplemental, including income from rental real estate, royalties, partnerships, S corporations, estates, trusts, and residual interests in real estate mortgage investment conduits (REMICs). This article focuses on Schedule E to report income or loss from partnerships, S corporations, and rental real estate businesses, including home-sharing and AirBnB-type activities. This discussion doesn’t include real estate professionals, but it does include properties owned by an individual, partnership, or corporation and from which an owner receives income and have expenses....

Some investors, for example, may have taken advantage of the drop in Bitcoin to below $30,000 last month from more than $60,000 in April to practice “tax-loss harvesting”—selling an investment like crypto for a loss in order to offset taxable capital gains. They would have been able to do so because the IRS classifies virtual currencies as property or assets, rather than as stocks or securities. That means that losses on cryptocurrencies are treated differently than losses on stocks, where so-called wash-sale rules clearly apply....

Perhaps the bigger question to ask is if you should do so, as opposed to asking if you can. While making payments with a credit card carries some benefits with it, considerable risks come with those transactions as well. Intermediaries Businesses like Plastiq will accept credit card payments in order to write checks to creditors on your behalf. Plastiq makes money by charging a 2.85% fee per transaction, as of 2020....

Dating back to 1945, there have been 11 recessions that have taken, on average, 11 months to reach their lowest point. Many of them shared drops in stock prices and consumer confidence—and they were all good times to buy real estate. The next time the economy begins to sputter, you might ask: should you buy a house during a recession? Before You Buy: Be Honest About Your Finances The question isn’t really how low can prices go during a recession....

Rent Payment Methods Landlords Need to Accept Landlords may not always have the right to determine what forms of rent payment they will accept, depending on the state laws and the terms of the lease. For example, in Texas, if there is no specific method of payment listed in the lease, the landlord cannot refuse to accept cash payments and must provide a written receipt. You should check the laws in your state and see which forms of rent payment you are legally obligated to accept, if any....

Federal Sin Taxes There is a federal excise tax on cigarettes, alcohol, and gambling winnings.   There are also federal excise taxes on gasoline, airline tickets, and some health-related goods. In 2017, federal excise taxes generated $83.8 billion or 2.5% of federal tax revenues. Of that, $13.8 billion were cigarette taxes. The tax adds $1 to each pack of cigarettes. Alcohol taxes contributed $9.9 billion in federal revenue. Liquor is $13....

Thomas Barwick / Getty Images Businesses can qualify for grants for many reasons, whether it’s because the business supports a specific government initiative or its ownership meets certain qualifications (women and minorities, for example). There are a variety of government, nonprofit, and private entities that fund grants for a wide array of projects and programs. The federal government does not typically award grants to start or expand a small business....

The credit card application and terms seem to have accidentally gone live in the SoFi mobile app over the weekend, giving some users a sneak peek at the offer. The leaked information has since been removed, but if the final product mirrors what was released, the card would rival the few cards out there offering 2% cash back on every dollar spent. A SoFi spokesperson wouldn’t discuss the card with The Balance, but explained that during testing, the application may have been visible to a small number of SoFi members....

Read on to learn what to expect with wage garnishment to collect on your student loan debt. You’ll also learn about options for stopping the garnishment and get ideas on where to go for help if you’re unable to solve the problem yourself. Definition of Student Loan Garnishment Student loan garnishment happens when your employer pays money you owe to a student loan lender. When you default on a loan, lenders can gain the right to demand a portion of your pay, and your employer is generally required to cooperate....

Annuities can also be laddered, and those laddering strategies can be used for income or yield. Yield is the return you earn over time from keeping your money in an annuity. Laddering CDs and bonds would be categorized as laddering for yield. With annuities, you can ladder for yield using fixed annuities, but you can also ladder for income. MYGA Annuity Ladders Produce Yield Similar to CDs Fixed-rate annuities, also known as multi-yield guarantee annuities (MYGAs), work similarly to CDs....

But even CDs don’t offer the same income potential as investing in the stock market, and that’s why some financial institutions offer products called “structured CDs” that promise the potential for equity-like returns with no risk of losing your money. The allure of structured CDs stems from the fact that they allow an investor to get returns designed to mirror the stock market without the risk of losing principal. Thus, they are often marketed as “risk-free” investments....

That’s why it’s important to have a resume that stands out. Read on for tips on where to find summer jobs and how to write an effective resume. Plus, see examples of summer job resumes, which you can use for inspiration while developing your own. Building a Resume for a Summer Job A big part of getting hired is developing a strong resume. Often, your resume is the only thing an employer sees from you, so it’s important for it to be polished and that it highlights your skills and achievements....

Learn more about surplus lines brokers, how they work, and who should use them. What Is a Surplus Lines Broker? A surplus lines (SL) broker is a licensed insurance professional who secures coverage on your behalf from an excess and surplus lines (E&S) insurer. Some businesses have characteristics, such as a poor loss history or risky operations, that make them unattractive to standard insurers. To obtain the insurance coverages they need, these businesses may need a surplus line broker’s services....

Americans who say they feel comfortable going on vacation edged up 1 percentage point to 55% in the latest weekly survey by Morning Consult, a global data intelligence company. While that was well below the survey’s high of 65% on July 4, it represented the first increase in such sentiment in eight weeks, as the chart below shows. In July, reports of the delta variant’s spread and rising breakthrough cases among vaccinated people sparked worries of another serious virus outbreak, prompting the Centers for Disease Control and Prevention to urge increased COVID-19 vaccination coverage....

A taxpayer’s dependents don’t necessarily have to be children. You can claim certain adults as your dependents, too, but that’s subject to a lot of rules. Defining Dependents for Tax Purposes The IRS definition of a dependent is rather vague and it’s temporarily outdated, thanks to the TCJA. It’s someone “other than the taxpayer or spouse” who qualifies the taxpayer to claim a dependency exemption. In practical terms, it’s someone who literally “depends” on the taxpayer for support, and multiple IRS rules determine whether this is indeed the case....

We are going to focus on the U.S. dollar version of Tether, or USDT. There are versions for other currencies, including the euro and even gold. Keep reading to learn the important details about the Tether cryptocurrency, whether it may be useful in your cryptocurrency strategy, and why it courts controversy. What Is Tether? Tether is a stablecoin pegged to the United States dollar. At any moment, you can quickly exchange other cryptocurrencies for Tether to remake your cryptocurrency holdings or send Tether to other cryptocurrency wallets anywhere in the world....

The Balance analyzed agricultural prices since 2019 and found the biggest increase in ham, which rose over 62% since last year. Turkey isn’t much cheaper of an option, though prices jumped more modestly (about 8%) this year compared to the 2019-2020 increase. But at $16.29 for a 15-pound bird, the traditional centerpiece of a Thanksgiving dinner is 29% more expensive than it was in 2019. Potatoes (up 8.38%) and cranberries (28....

Here are the best day planners to consider. An added value, the Panda Planner Pro comes with access to a VIP membership site that has useful content to maximize their system and learn positive psychology hacks, among other things. And though the planner comes with 40 ruled productivity pages in addition to the calendar, you have the option of adding 40 or 80 additional pages in your choice of lined, productivity, or dotted grid style....

The latest JOLTS data comes just days ahead of the December jobs report, which will indicate how strong the U.S. economy remains. Despite the Federal Reserve’s efforts to slow down the economy in an effort to fight inflation, the labor market has remained robust with unemployment levels sitting at 3.7%. Economic data highlighting the economy’s strength would bolster the Fed’s position to hike interest rates. But each rate hike potentially brings the economy closer to recession, a scenario that we’d all rather avoid....