Personal Finance Online – November 4, 2017
I was asked to work on some posts about paying off debt, and I’m gathering information for that now. In the meantime, check out this Essential Guide. It covers a lot of the highlights you’ll see when I put out my own posts.
Some of the most important things to remember are to stop using credit to pay daily expenses, and establishing an emergency fund. Those two things are necessary to keep you from digging a deeper hole as you get out of debt. The rest can be handled as needed, but those two things are vital. Staying positive is pretty important, too.
Kitces – November 3, 2017
Some of you already know that I’m on vacation right now. Well, I am NOT spending my vacation digging into the details of the tax reform proposal. I plan to once I return, but that simply is not vacation activity in my opinion.
In the meantime, check out this thorough review from Michael Kitces. There is a ton of information in this post regarding the tax reform plan. Many people are focusing on the changes to the tax brackets, exemptions, and deductions, and that is of course going to have a direct impact on your taxes. But there is more to the plan than just that. Do a quick scan of this to see other ways you may be impacted.
By the way, my biggest concern right now is that the plan doesn’t meet the requirements of the Byrd Rule. That means we have to expect some significant changes to the plan before anything passes. Keep an eye out!
The Kitces article is pretty long, so I’ll leave you with just two today. Plus, ya know…vacation!