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Personal Finance By The Book

Personal Finance By The Book

What Are Annuities?

September 22, 2021 by Bob Leave a Comment

Annuities

Annuities are legally binding contracts entered into with an insurance company to earn an annual income after retirement. At the start of the contract, you must deposit either a lump-sum payment or pay a succession of smaller payments that will accrue interest over time. There are currently three types of annuities, each with its benefits […]

Filed Under: Dollars and Sense, Insurance

Saving Money for Retirement with an HSA

July 15, 2021 by Bob Leave a Comment

healthcare

Your HSA is more than a savings account used to pay for qualified medical expenses. It is an account that you can use to boost your retirement savings.  Many people automatically assume that a 401(k) or other contribution plans are the only way to maximize funds for your retirement age. Your HSA can be just […]

Filed Under: Life Planning, Money, Retirement

What are the Pros and Cons of Masterworks?

July 12, 2021 by Bob Leave a Comment

painting

Masterworks is an art investment tool that charges high fees but allows the everyday person to own a share of a famous piece of art. It is an investment platform that uses the artwork as the investment portfolio.  How does Masterworks work? Masterworks works much the same way as any other investment platform. You choose […]

Filed Under: Dollars and Sense, Investing, Money

The Best Free Tax Software

July 7, 2021 by Bob Leave a Comment

taxes

As you know, filing taxes can be incredibly expensive. But what if we told you that it doesn’t have to be? There are, as it turns out, several awesome tools that allow you to file your taxes from the comfort of your home for free. That’s right! No payment is required. If you’re interested in […]

Filed Under: Taxes

5 Great Ideas for Home-Based Businesses in 2021

June 21, 2021 by Bob Leave a Comment

business

Considering starting a business this year? If 2020 taught us anything, it’s that we don’t need to be in an office to get work done. Instead, you can run a home-based business for extra income. What Is a Home-Based Business? To summarize, a home-based business is run entirely out of the owner’s home. With the […]

Filed Under: Career

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