Millions of people who received the first two stimulus checks could watch the third round happen without them — if the House of Representative passes the Senate’s version of a $ 1.9 trillion rescue package with tighter payout rules. But the tax code could supply some people on the cut-off …
Read More »Personal Finance Daily: What to do if your income is just over the threshold for the $1,400 stimulus check and how the ‘nationalization of leases’ could hurt renters amid the pandemic
Happy Tuesday MarketWatchers. Don’t miss these top stories: How these teens are having fun in today’s stock market, and, for the most part, making money They have been trading longer than many adults, and are learning valuable lessons about investing early. MarketWatch speaks to four teenagers who are taking on …
Read More »The Moneyist: Our housekeeper does not work when we’re at home due to COVID-19. We still pay her. Could we treat those payments as a ‘gift’ to reduce her income tax?
Dear Moneyist, Due to the 2020 global pandemic my wife and I have been concerned about indoor exposure to others. We are fortunate enough that we can work from home so we are always here, and no one else is allowed in our home. Because of this, we have tried …
Read More »Where Should I Retire?: I’m looking for a cannabis-friendly red-leaning state with no state income taxes — where should I retire on $60,000 a year?
Dear MarketWatch, I’d like to retire in a no (or low) state-income-tax state near water and a state or national park. I want red politics but with (hopefully) legal pot (medical or recreational), and weather that isn’t too cold. I’d compromise on the pot for Texas, if necessary. I don’t …
Read More »Stated Income Loans: How They Work & Alternatives
Stated income loans used to be widely available before the housing market crash of 2008. When the Dodd-Frank Act was created in 2010, it heavily regulated banks and lenders. However, these loans that require no income docs or no tax returns for contractors and self-employed borrowers are available with more lenders. Rate Search: Check Today’s …
Read More »The Moneyist: I moved into my in-laws’ home. My husband wants to pay his parents’ mortgage, but it will come out of my income. How can I protect myself?
Dear Moneyist, I got married recently and moved into my husband’s house that he shares with his parents. (His name and his parents’ name are on the deed.) Currently, we pay a small amount for rent, but my husband hopes to take on the mortgage of the house over the …
Read More »Deep Dive: This unusual income fund has a dividend yield of 6.5% and has beaten the S&P 500
Investors usually must contend with a trade-off between income and growth. Not so with the Reaves Utility Income fund, which has a 6.48% dividend yield and performance that has beaten the S&P 500 Index SPX, +1.30% over the past 10 and 15 years. That’s unusual, given that the benchmark index …
Read More »Passive Income Through Digital Assets
Do you think it is possible to earn money without working? When we talk about passive income, we mean the possibility of generating income without your work or effort, and despite the fact that it sounds unreal, today many people enjoy financial freedom thanks to their residual income. In other …
Read More »The Moneyist: My husband watches TV all day while I cook and clean. He has an $8,000 monthly income and a P.O. box to hide his finances. I just found his will — and it left me reeling
Dear Moneyist, My spouse hides his money and all of his investments are hidden. I have lived in Boston since 2006. I moved from New York and gave up my job of 16 years because we got married and I relocated, leaving my two adult children, who were 21 and …
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