Pinyo Bhulipongsanon
According to the IRS, the combined total contribution you can make to all of your 401(k) plans (including traditional 401(k), Roth 401(k), and individual 401(k) plans) in 2020 increases by $500 to $19,500. The catch-up contribution limit also increases from $6,000 to $6,500. However, you may be limited by what your employer allows you to … Read more
Passive income can be described as income that you receive regularly but does not require a lot of work to sustain it — money that you continue to make whether you work or not. Although there are many different ways to make money, we will focus on money-making ideas that don’t require as much ongoing … Read more
The following is a list of the nationally available highest yields CD rates. In general, certificates of deposit (CDs) are great short-term investments because your principal is protected by FDIC insurance and your interest rates are guaranteed. Moreover, you can use a CD Ladder to make your CD savings more flexible and effective. You can … Read more
If you are a self-employed, a sole proprietor, or structured as an LLC, you probably felt left out during this crisis, because corporations and W2 employees were prioritized ahead of you by the governments. It was easier for you to apply for unemployment as a W2 employee. And it was easier for corporations to apply … Read more
After you started investing in the stock market for a while, you are probably thinking about diversifying beyond stocks, bonds, and REITs. A common next step for many investors is investing in a rental property. Personally, that is what I did, and as a fairly seasoned real estate investor, I feel that it is important … Read more
Personal finance can be intimidating, but it doesn’t have to be complicated. Making the most of your money starts with five building blocks, or the 5 Pillars of Personal Finance: (1) Earn, (2) Spend, (3) Borrow, (4) Save and Invest, and (5) Protect. 1. Earn The ability to make more money is the single most … Read more
As a sole proprietor, independent contractor, or self-employed individual, you may be eligible to receive assistance under the Small Business Administration’s Paycheck Protection Program (PPP). Below are key details released by the SBA on April 2, 2020: What is the Paycheck Protection Program (PPP)? It is an SBA loan program that helps businesses keep their … Read more
As states and cities issue stay-at-home orders and businesses are forced to shut down due to the current pandemic crisis, more and more people are financially impacted. Homeowners are among those affected by job loss and economic slowdown. If you are one of the homeowners affected, you are probably looking for help with your mortgage … Read more
A health savings account (HSA) is a tax-advantaged savings account that you can use for medical expenses. You can take advantage of an HSA when you choose a qualifying health insurance plan; typically a high deductible health plan (HDHP). Recently, our employer switched to an HDHP that offers lower monthly premiums in exchange for a … Read more
Investing in the stock market is a risky business if you don’t know what you’re doing. Even if you do, it’s possible to lose a lot of money. Personally, I relied less on picking the winning investments, and embrace investing strategies that are proven to enhance investment performance and build wealth over time. It is … Read more