"Personal Finance" is a recurring and rotating section about money, posing ideas and resources for budgeting, saving and investing for retirement.
In late 2017, Congress passed a massive tax overhaul bill that begins to take effect in 2018. The experts at Investopedia break down the biggest changes as they apply to individuals, both for preparing for your 2017 tax returns, and what to expect in your current paycheck, future tax deductions, implications for married couples or those with children, and much more. You don't need to become a tax expert to get a sense of this bill's impact!
Published Feburary 19, 2018
It's been said that building wealth requires one to invest in the stock market. But what does that really mean, how do you get started, and how do you protect your hard-earned money? This article covers the basics, which is always a smart place to start. This foundational knowledge will serve you well, whether you apply it to a retirement account or you open a brokerage account to buy stocks.
Published December 11, 2017
Many independent artists and creative businesses have varying need for additional insurance protections, be that general liability, volunteer accident, or art and equipment coverage. These protections are important because they shield your personal money from expenses incurred through accidents. Thankfully there are effective tools available to help protect your personal fiances from these liabilities. An online nonprofit called Fractured Atlas is one such tool, and they offer these insurance protections for "artists, arts organizations and other cultural sector stakeholders" alike. Visit this page to learn about the insurance products they offer.
Published October 24, 2017
We all know it's vital to save for retirement and to start saving as early as possible. That's easy to say for someone who works for a business and can take advantage of the company retirement plan, or for well-established business owners who have a retirement plan set up for their own employees. But what are the options for sole proprietors? Nerd Wallet covers the basics of what's called the Solo 401(k) and the tax savings benefits that come with it. Learn more about this retirement option here.
Published August 16, 2017
Personal finances go hand-in-hand with business finances, especially for new companies. In the beginning, funds may co-mingle until there's a steady workflow and expenses are covered. While building a business, it's important to keep your personal financial landscape in mind so you can take advantage of time (think: compound interest). A fantastic resource for gaining exposure to the basics of personal finances, investing and retirement can be found at Investopedia. This article presents a good foundation, but be sure to bookmark this site for future digging.