Settling your debts for less than you owe seems like a great financial move. But don’t overlook the tax man when weighing the pros and cons of debt settlement. The IRS views settled debt as income, which could leave you with an unexpectedly high tax bill. Understanding the tax implications is crucial before pursuing debt…
Having a negative balance in your bank account can be an alarming and stressful situation. But what exactly does it mean to have a negative bank account? Simply put, a negative bank account occurs when more money is withdrawn from the account than what is available in the current balance. This results in the account…
Saving for retirement is an important financial goal for most people. One of the most common ways to save for retirement in the United States is through a 401(k) plan. But what is a 401(k) and how does it work to help you save for the future? This article will explain the basics of 401(k)…