Did Your Tax Return Earn More Frequent Flier Miles Than You Did Last Year?

There is a secret in the tax business, known within the industry but rarely discussed publicly. In fact, it’s pretty hard to get anyone in tax to talk about it. Tax returns are being outsourced overseas. Not overseas as in a tax firm’s office based in another country. Rather, overseas…

Social Security Does Not Add To The Federal Deficit

Getty Images, Royalty Free This is not a political column, it’s a push back on the political distortion of legal and math facts about Social Security. Recently political leaders, such as the Senate leader Mitch McConnell, as Michael Hiltzik writes in the LA Times, are gunning to cut Social Security…

Eye Glasses And Other September 2018 Expenditures

September on the homestead We’re getting older. Or at least, Mr. Frugalwoods is getting older (I’m forever, uh, 30 right? 32? 33? Let’s stop there). My previously 20/20-visioned mountain man/computer engineer capitulated to needing corrective lenses (more commonly known as glasses) about three years ago. Then this summer, he started…

Tips ForMega Millions and PowerballLotteryPlayers

Alpharetta, GA, USA – Feruary 01, 2014 – Powerball and Mega Million lottery forms. Both lottery’s are a US multi-state lottery with prizes often reaching into hundreds of millions of dollars. Huge Mega Millions and Powerball jackpots will make some people very rich, very quickly. Those who buy the winning tickets,…

Podcast: Nate Lawrie on Entrepreneurship Post-NFL

Nate Lawrie went to Yale and then played professional football for 8 years. After retirement from the NFL, he reinvented himself as an entrepreneur. Find out what Nate learned from football and how he applies those lessons to his transition from professional sports to his new business. Listen Now: Don’t…

How to Fund College Education When You Are Trying to Retire

College costs can feel overwhelming — especially if you are trying to retire sometime soon (or even just save for a future retirement). How to fund college education is a critical question and families need to explore all of their options. You are not alone if you are worried about…

Social Security and Medicare: New Info About Costs and Benefits for 2019

To say that Social Security and Medicare are important to the financial well being of seniors would be an understatement.  Sixty two percent of eligible beneficiaries rely on Social Security income for more than half of their income.  And, almost everyone who is eligible uses Medicare to help fund their…

Greece Chautauqua Report 2: Faffing About In Greece

My goal was to build a debt-free* portfolio of $1,000,000 by February of 2017; 1500 days from the birth of this blog (January 1, 2013). And hey look, I’ve since retired! Investments only1/1/13 (The Start): $586,0431/1/14 (1 Yr Later): $869,6351/1/15 (2 Yrs Later): $987,3511/1/16 (3 Yrs Later): $1,057,9611/1/17 (4 Yrs…

How Retirees Can Negotiate Drug Prices

October 18, 2018 How Retirees Can Negotiate Drug Prices A Squared Away reader wrote recently that he and his wife saved $2,400 a year by dropping their Medicare Part D prescription drug coverage and paying cash for their medications.    When a pharmacy sells a prescription drug to a customer,…

Does Saving For Retirement Increase Your Debt?

Those of us who work on retirement policy sometimes overlook how retirement savings fit into a person’s larger financial picture—in particular, how those savings interact with debt. Two questions highlight the connection between savings and debt: Does debt inhibit people from saving for retirement? And does saving for retirement lead…