It’s a good idea to keep your tax returns indefinitely. You can usually toss supporting documents three years after the filing deadline. The IRS generally has to initiate an audit by then. But there are exceptions. Some tax experts recommend holding on to your records for at least seven years. Among the most important
Over the last several years, I’ve paid off hundreds of thousands of dollars in debt and went from the precipice of bankruptcy to a path toward financial independence. I went from a career that depressed me to a completely different career that fulfills me. I did all this while undergoing major changes and challenges in
During the last year, my wife has made the choice to get her masters degree in order to not only improve her professional skills but also increase her range of employment opportunities and income. I’m glad that she’s doing it and I’m fully supportive of her doing so. We can afford to pay for this
Being financially responsible in the modern world comes with a particular set of challenges. One of them is the fact that we are, as a society, inundated with luxury options. We have experiences and items available to us in such a breadth and depth that have never existed before in the history of the world.
A few days ago, I was leafing through my journal for 2015 and thinking about some of the best things that I did during the year. It was easy to identify some of the great moments. I fondly remember our family camping trip to Wisconsin. I will never forget how ecstatic I was to watch
A little over a week ago, I responded to a mailbag question from Mary, who was struggling with the decision about whether to go on an expensive trip (that she could afford) with her ailing sister. She was worried about the long-term financial impact of this big expense and was weighing it against doing something