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Do Teens/Minors Get Taxes Taken Out of Their Paycheck?

Do minors get taxes taken out
  • Teens and minors get taxes taken out of their paychecks like any other worker. Employers must take taxes out of employee checks regardless of their age. The taxes withheld are paid into programs like Social Security and Unemployment Insurance.  The total amount withheld from your check differs depending on your pay and the number of...
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How Many Mutual Funds Should I Have in My Portfolio?

how many mutual funds
  • It is a good idea to diversify investments but knowing how many mutual funds you need in your portfolio can be tricky. Some people think one mutual fund is enough because it already contains a diverse stock catalog.  However, investing solely in one fund is never a good idea. Spreading your money out over at...
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Is Power of Attorney Valid After Death?

power of attorney
  • A power of attorney (POA) is extremely useful if you need to act on behalf of someone else or have someone handle personal matters for you if you become incapacitated. However, they are not valid after death. If you are planning your estate or handling the last will and testament of a loved one, it...
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Per Stirpes vs. Per Capita Distributions: What’s the Difference?

per stirpes vs per capita
  • Per stirpes vs. per capita distributions are essential to understand if you are planning your estate or in the process of having a loved one’s will probated. Understanding these beneficiary types can help you protect your family from hefty estate taxes and preserve more of your wealth for future generations. So, we created a guide...
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How to Invest in Carbon Credits for Beginners

carbon credits
  • Knowing how to invest in carbon credits is a great way for beginners to expand their investment portfolio. It is an area many investors overlook, but it is a unique investment gaining popularity. If you want to learn about emissions trading and how to invest in carbon credits, read this guide. It explains environmental credits,...
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How Many Roth IRAs Can I Have? [GUIDE]

roth iras
  • Roth IRAs offer unique features that make them particularly attractive to some investors. Unlike other investment accounts, you do not have to take age-required distributions. That leads some people to wonder how many of these accounts you can have. So, we created a guide that covers everything you need to know about Roth IRAs. Keep...
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