Personal Finance Buzz

All inheritances are not taxable to the recipients; it’s the estate that must pay taxes, if any are due. In 2009, the amount excluded from any tax due is $3.5 million, and next year, the estate tax is repealed, no tax regardless of the estate size. Unfortunately, the repeal lasts only for 2010, and the exemption returns to only $1 million in 2011.
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A million dollars may seem a large sum — many of us don’t have a million dollars even after adding ...

What exactly would I do with a million dollars? If I was suddenly a millionaire, would I pay off my mortgage? Maybe quit my job? Invest for income?

A million dollars 25 years from now will certainly not hold the same value. What’s also true is that for many, a million dollars is more than enough.

What to know how everyone can make a million dollars by age 65? Keep reading, because you will gain extensive knowledge on how to stop wasting your money and taking essential steps to rid yourself of your debt and save for the future.

When we think about having a million dollars most of our thoughts are positive. Is there anything bad about having a million dollars? Any drawbacks?

There are plenty of great investment opportunities available if you have a million dollars or more. You can buy a companies, factories, real estate, start your own medium sized business and so on. The problem for most of us is that one million is a lot of money. And would you be looking so eagerly for investment opportunities if you already had a million? I guess no. Most of the really passionate investors are driven by the desire to be financially free, because currently they are not.

On Thanksgiving, the New York Times published a story about a man who had a check for $14 million ten years ago — $10 million after taxes — and who now has little to his name (Nick Martin).

Lending club announced that they had passed 500 million in loan originations since their inception. My returns also continued to go up, increasing to 11.44%

Saving a million dollars is much simpler than it sounds