Your Personal Finance Wizard
Yes, you can cash checks at Walmart customer service desk or the dedicated Walmart Money Services desk. However, it will cost you some money and there is a limit for certain types of checks. In a hurry?Listen to this audio summary Tired of waiting in line to cash a check and high bank fees or … Read more
You can find your 2022 Tax year AGI or Adjusted Gross Income on page 1 line 11 in form Form 1040, 1040-SR, and 1040NR. However, AGI is not available for W2 forms. If you are electronically filing your tax return or filing tax for the first time then you might be wondering, where do you … Read more
In case you are retiring with a pension and social security only then you must consider whether you can receive both or not, will you get full social security or not, can WEP affect your social security, will your pension reduce social security benefits, and many more. Retiring with a pension and social security only? … Read more
You can open high-yield savings accounts, utilize credit card rewards, +claim tax rewards invest in the stock market, and mutual funds, or make real estate investments to make your money work for you. We are all trying to increase our income in some way. But have you ever thought of making your money work for … Read more
No, personal loan interest is not tax deductible. However, if you use the loan money for your business, taxable investment, or higher educational purpose then the interest might be tax deductible. Thinking about taking a personal loan but not sure whether personal loan interest is tax deductible or not. Well, you are in the right … Read more
Yes, net income is after taxes. Because net income is your take-home pay. It is calculated by subtracting taxes and other deductions like insurance, and retirement contributions from your paycheck. If you are a young adult or a new business owner then you must be hearing net income a lot. But what is it? Is … Read more
To budget money on low-income, you need to firmly track all your spending, cut unnecessary expenses, choose a suitable budget format and act accordingly then at the end of every month review your budget and minimize your spending. Tired of your financial hardship? or trying to fight this crippling inflation? My friend, an effective budget … Read more
When the borrower and co-signer of a reverse mortgage pass away, if there is an heir then the heir has to pay the loan balance to get control of the house. In absence of heirs, the lender will sell the house to get repaid. Reverse mortgages are a great tool for retirees to get some … Read more
Yes, Major car dealerships offer temporary auto insurance for both new and reconditioned cars. However, not all dealerships offer temporary insurance. So, before purchasing a vehicle, call the dealership and ask. Are you purchasing a new car but haven’t got insurance yet? Well, you can’t drive without auto insurance in most states. However, temporary car … Read more
Opening an online bank account can take 15-20 minutes whereas opening a bank account physically can take 1-2 hours. However, it might take 1-2 business days for your bank account to get fully operational. Opening a bank account for the first time? But not sure, how long does it take to open a bank account? … Read more
