A major high-tax blue state has seen a significant population loss due to domestic out-migration over the last five years, new research found. Massachusetts recorded a…
While adding a child to a deed may seem straightforward, the tax implications can be complex and long-lasting. Depending on how you structure the transfer, it may affect gift taxes, capital gains taxes, and future…
Morsa Images/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Many first-time homebuyer programs operate at the state level, through a state housing finance agency. Others are federal, and some are offered through nonprofits or employers. To qualify for a first-time homebuyer program, you may need to live in a certain area…
Paying off Debt on a Fixed Income: Making Sacrifices and Learning Patience Paying off debt on a fixed income requires discipline. Jill emphasizes that working with the program meant more than simply making payments. It meant changing her mindset. “You really do have to cut up the cards and not…
Once you retire, the purpose of your investment portfolio often changes. Instead of concentrating primarily on growth, many retirees focus on generating reliable income to supplement Social Security, pensions or other sources of income. Choosing the right investments to add income after retiring can help support day-to-day expenses while managing…
Westend61/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Before signing off on an auto loan, crunch the numbers to ensure you can afford your new set of wheels. To find how much you’ll spend on interest, use an auto loan calculator, work it out yourself or talk to a lender. Factors…
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Key takeaways You may owe capital gains tax on any realized gain on the sale of an asset, but not on unrealized capital gains. Long-term capital gains — that is, on assets held for a…
