Gift Laws and Taxes Made Simple

Gift Laws and Taxes Made Simple

Most people just assume they can give away whatever they want in any situation; that is just not true. Ignoring gifting laws and taxes can cost you and your family a lot of money!  When gifting large sums of money there are federal tax implications one should keep in mind. Gift Tax Introduction What is a

Want to See Your Marginal Tax Rate if Health Care Surtax Passes?

Want to See Your Marginal Tax Rate if Health Care Surtax Passes?

It almost seems inevitable at this point in our history that marginal tax rates will increase.  Now, they (read: government) wants to start charging a surtax? I am not sure why it is called a surtax rather than just calling it what it is – an increase of your income taxes. The Tax Foundation is

When Calculating Life Insurance You Are Replacing Two Incomes!

When Calculating Life Insurance You Are Replacing Two Incomes!

Purchasing life insurance is a bigger discussion than just replacing one income…sometimes you have to replace two! Over the years I have watched a lot of my favorite personal finance bloggers talk about calculating life insurance need, and I never understood why their calculations only take into account replacing one income.  Two recent posts on

Happy 28th Birthday Evan

Happy 28th Birthday Evan

I can’t believe it has been a year since I wrote my 27th birthday post to myself!  Well, since it happens once a year and I have been blogging for about 18 months on November 10 I turned 28 years old.  After reading the post over, it seemed like I had a few goals for myself: