Advertiser disclosure

What Is Umbrella Insurance, and Do You Need It?

Umbrella insurance provides additional liability coverage beyond your standard insurance policies if you get sued. The main purpose of umbrella insurance is to protect your assets in personal liability claims where you could be held financially responsible.

What Are The Chances Of Being Audited?

An audit happens when the IRS flags your tax return and reviews it for accuracy. In all, you have about a 0.6% chance of being audited. Things like high income and unusual deductions can increase your risk of getting flagged.

Should You Ever Buy a Brand New Car?

True penny pinchers always buy used cars over new ones for one rock solid reason: new cars depreciate by thousands of dollars the second you drive off the lot. But three years ago, before my financial epiphany, I bought a new car, and I don’t regret it. I concede that buying used is usually best, but there are times buying new isn’t as bad as some say.

Read more

Should I Contribute More To My 401k?

You may already know that you should contribute as much to your 401k plan as your employer will match. But when is it time to increase your 401k contributions? And how do you decide between adding more to your 401k or funding an IRA?