Articles by Jill

What Should Your Financial Pie Chart Look Like?

Posted by Jill on May 5, 2016

Readers at My Dollar Plan want to build a financial pie chart. It’s one of our most popular articles, so we are republishing it for anyone who missed it the first few times it was published. Have you made a financial pie chart yet? I’m a numbers girl. Always have been, and always will be. […]

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Should You Reverse Your Roth IRA Conversion?

Posted by Jill on March 10, 2016

When you file your tax forms, you report contributions to an IRA or Roth IRA. You also report completed conversions (and corresponding tax liability) from one type of account to another. Finally, you can use your tax forms to reverse your Roth IRA conversion by recharacterizing your Roth IRA back to a Traditional IRA. Income […]

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Inexpensive Christmas Gift Ideas for Your Employees

Posted by Jill on December 9, 2015

Our holiday gift guide series continues! This week we are highlighting gift ideas for your employees! If you own a business or serve in a supervisory position at work, you might be fretting about what to give your employees for the holidays… and you’re running out of time! You don’t want to spend too much…or […]

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7 Tips to Avoid Holiday Spending Stress

Posted by Jill on October 14, 2015

As we approach the busy holiday season, are you worried about it wreaking havoc on your finances? Each year about October or so, my dad likes to scare everyone by saying something like “only FIVE more paychecks ‘til Christmas.” This makes people nervous, because they haven’t started shopping and don’t see where they’ll find the […]

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You Can Afford It… but Should You?

Posted by Jill on August 12, 2015

Recently I gave you a set of criteria to use when wondering if you can afford something. Whether that “something” is a pair of shoes or the trip of a lifetime, I listed a number of questions you can ask yourself to objectively decide if your budget/savings can withstand the expenditure. Even if you can […]

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Can You Afford It?

Posted by Jill on August 10, 2015

Whether or not you’re a fan of Suze Orman or other financial experts, you’ve probably heard of her popular TV segment, “Can I Afford It?” On each episode of her show, callers ask permission to purchase items/experiences ranging from concert tickets to vacations to cars to second homes. Suze asks them a variety of questions […]

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6 Mistakes of New Earners and How to Fix Them

Posted by Jill on August 3, 2015

Years ago, in the fall after graduation, I had been out of college for five months and working full time for three. I was making more money than I ever had in my life, and had no idea what to do with it. Then I read The Automatic Millionaire and The Money Book for the […]

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Claiming Dependents on Your Tax Return

Posted by Jill on March 19, 2015

Most taxpayers are well aware of the deduction that comes from claiming dependent children on their taxes. But what are the rules on claiming dependents on taxes? And what about other relatives? And, when can those formerly claimed as dependents on someone else’s return begin to claim themselves? If someone else can claim you as […]

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How Do Tax Brackets Work?

Posted by Jill on March 4, 2015

Are you getting ready to file your taxes? If so, you might find yourself needing a slight refresher on how tax brackets work before the tax deadline. The US tax system is based on a progressive rate structure – the more income you make, the higher tax rate you pay. How Do Tax Brackets Work? […]

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Take Advantage of Retirement Catch-Up Contributions

Posted by Jill on February 19, 2015

If you’re over 50 and diligent about retirement savings, you may be maxing out both your 401k and traditional or Roth IRA. But to really supercharge your savings and make sure you are extra-prepared for retirement, you should also take advantage of catch up contributions. Catch-up contributions are special provisions that allow you to contribute […]

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