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Facebook users can apply for a part of $725 million settlement

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 Writing for The Washington Post, Heather Kelly explains how millions of Facebook users can get compensation via a class-action settlement over Cambridge Analytica privacy violation. Facebook, which is owned by Meta shared users’ data without their consent.  “Anyone who used Facebook between May 24, 2007, and Dec. 22, 2022, can submit a claim, even if…

Michelle Singletary’s money milestones for every age

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 “As The Washington Post’s longtime personal finance columnist, I’ve received hundreds of your questions, and I’ve compiled the most frequent ones in this guide. There’s advice for every decade of your financial life, from 20-somethings just starting out to retirees enjoying the fruits of their smart planning to advice that applies at any decade. Each…

Understanding Tax Brackets: Interactive Income Tax Visualization and Calculator

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 Understanding Tax Brackets: Interactive Income Tax Visualization and Calculator This cool website helps one understand how their federal income tax is calculated across the graduated tax brackets. https://engaging-data.com/tax-brackets/ Simply select your tax year, filing status, regular earned income and capital gains income and the site will show you a visual of how your income is…

Don’t Move to Another State Just to Reduce Your Taxes

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 “We know lots of friends who are considering moving from a high-tax state, such as New York, to a state with low or no state income taxes. They think they will end up with more money, although they are torn because they may also be moving away from family and friends just to escape state…

Responsibilities of an estate executor

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“An executor is responsible for sorting out finances such as assets, liabilities, taxes, etc. of the deceased and distributing the assets to the heirs. An executor is not required to be legal or financial expert but takes on a fiduciary duty by maintaining highest degree of trust, impartiality, good faith, diligence and honesty” explains Komal Matwani,…

Widow Brain: What To Expect After Your Spouse Dies & 9 Ideas to Help

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Elliott Appel provides the following perspective and advice: “Losing a spouse and becoming a widow is a life changing and emotional experience.  Emotions come and go: anger, fear, sadness, grief, loneliness, pain, shock, guilt, worry, and more.  Brain fog, or “widow brain” can appear, causing even more frustration.  Let me begin by saying everyone experiences…

7 Steps to Estimating Your In-Retirement Cash Flow Needs

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 Like many of my posts I’m sharing links to excellent advice from other writers. Christine Benz from Morningstar offers suggestions on how to plan for spending needs in retirement.  “Ultimately, it may be difficult to forecast your actual income-replacement needs with a great deal of precision. Even as you attempt to anticipate every in-retirement expense…

Understanding federal income taxes and marginal tax rates

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 There is a tremendous misunderstanding about marginal income tax rates which are the highest rate at which your income is taxed. Income is taxed at increments by the IRS. Below is an example for a single person. Rates are different for married persons filing jointly and heads of households. the purpose of this example is…

College Planning Guide for Students With Learning Disabilities

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 “Learning disabilities present unique challenges when you’re planning to attend college. The National Center for Learning Disabilities conducted a survey in 2016 of 800 parents, and 72% said it was hard finding information about college disability services. For these students, getting the right information and support to excel in college requires a persistent strategy.” “In…