If you won $30 at last weekends poker game, the government expects to share in your good fortune. Not reporting your gambling winnings as income could end you up in federal prison for tax evasion.
5. Know Tax Obligations before Moving Another big financial planning consideration before moving overseas to work as an expat is how exactly your taxes are going to work. Each situation varies a bit depending on where one is a citizen and any applicable tax treaties with the destination country. A common issue faced by Americans…
5. Know who Your Beneficiaries Are There are a fair number of married couples heading into retirement who either had previous marriages or significant others before getting together. If you are in this situation, or simply started your 401K or other retirement plan before getting married, then there is a strong chance that the beneficiary…
5. Secure Online Presence Although it does not seem intuitive, a great money management tip for young people is to take a hard look at both securing and cleaning up one’s online presence. Whether you liked to post all of those pictures from college that do not portray yourself in the best of lights, or…
5. Track Your Spending It has never been easier to track one’s spending than using a Smart phone or other Internet-enabled device. As a result, the traditional barriers for consumers who say that it is just too hard to keep a record of how much money they spend every day have been lowered or eliminated…
5. Start Saving as Early as Possible No matter how good or bad the economy may be at the moment, a proven method for success when planning for retirement is to start saving as early as possible. Whether choosing to put the money in a tax-deferred savings plan or other investments, the longer one saves…
The History of Freedom and Other Essays- Lord Acton John Emerich Edward Dalberg-Acton, 1st Baron Acton was a 19th century English Catholic historian, writer, and politician. Though Acton never completed his History of Liberty, he did complete several essays of the history of freedom. He was a primary influence of Friedrich von Hayek’s. Acton took…