savings Archives | Crabb Tax Services https://crabbtaxservices.com Experience, Integrity & Personal Service Mon, 04 Nov 2019 05:30:18 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.2 Be Like A Bank. Test Yourself To See How Your Finances Would Hold Up If Something Bad Happened https://crabbtaxservices.com/be-like-a-bank-test-yourself-to-see-how-your-finances-would-hold-up-if-something-bad-happened/ https://crabbtaxservices.com/be-like-a-bank-test-yourself-to-see-how-your-finances-would-hold-up-if-something-bad-happened/#comments Sat, 12 Oct 2019 14:41:08 +0000 https://crabbtaxservices.com/?p=2543 Is it crazy to compare yourself to a large financial institution? No. You both have a key thing in common: assets.The only real difference is that many more people depend on a big bank than on you.

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]]> https://crabbtaxservices.com/be-like-a-bank-test-yourself-to-see-how-your-finances-would-hold-up-if-something-bad-happened/feed/ 1 6 Summertime Uses For This Tax-Favored Savings Account https://crabbtaxservices.com/6-summertime-uses-for-this-tax-favored-savings-account/ https://crabbtaxservices.com/6-summertime-uses-for-this-tax-favored-savings-account/#respond Sat, 13 Jul 2019 18:32:18 +0000 https://crabbtaxservices.com/?p=2398 Before you head to the beach, use this tax-advantaged account to stock up on summer necessities.

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]]> https://crabbtaxservices.com/6-summertime-uses-for-this-tax-favored-savings-account/feed/ 0 Thinking of Paying for Long-Term Care From Your IRA? Think Again. https://crabbtaxservices.com/thinking-of-paying-for-long-term-care-from-your-ira-think-again/ https://crabbtaxservices.com/thinking-of-paying-for-long-term-care-from-your-ira-think-again/#respond Tue, 19 Mar 2019 21:49:58 +0000 https://crabbtaxservices.com/?p=2150 Chances are a big portion of your retirement savings are in pretax accounts like a 401(k) or IRA. If you need to tap those accounts for costly care, you must realize that every dollar is taxable. And you might be shocked at the tax rates that come with withdrawals large enough to foot the bill.

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]]> https://crabbtaxservices.com/thinking-of-paying-for-long-term-care-from-your-ira-think-again/feed/ 0 Should You Pay Your Tax Bill With a Credit Card? https://crabbtaxservices.com/should-you-pay-your-tax-bill-with-a-credit-card/ https://crabbtaxservices.com/should-you-pay-your-tax-bill-with-a-credit-card/#comments Tue, 26 Feb 2019 20:35:49 +0000 https://crabbtaxservices.com/?p=2062 Most Americans end up getting a tax refund each year, but if you underpay your taxes, whether intentionally or not, you'll wind up in the opposite scenario -- owing the IRS money. This is especially likely to happen if you earned a lot of secondary income from a side job or investments.

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]]> https://crabbtaxservices.com/should-you-pay-your-tax-bill-with-a-credit-card/feed/ 1 Should You Pay Down Debt First Or Build Up Savings? https://crabbtaxservices.com/pay-debt-first-build-savings/ https://crabbtaxservices.com/pay-debt-first-build-savings/#respond Mon, 25 Sep 2017 22:02:17 +0000 https://crabbtaxservices.com/?p=1453 Simple math suggests it’s likely better to get rid of debt before saving for retirement or adding to your emergency fund. In general, if the interest you pay is higher than the interest you earn, you’re losing money. By Amy

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