Fix My Finances
Helping You Get “Back In The Black”

On January 1, 2010 the rules for converting a retirement account to a Roth IRA are changing.  Currently, people can only convert their accounts to a Roth IRA if they have a modified adjusted gross income of $100,000 or less and must not be filing their taxes as married filing separately.  Under the new rules, [...]

Wages of children under 18 years of age who are employed in the family business are not subject to social security or Medicare taxes.  However, this holds true only if the family business is a sole proprietorship or a partnership in which both partners are parents of the children. If the children are under 21 [...]

People are starting to say that the recession is over, or finishing up.  So if it really is over, what should we do with our finances?  Even though consumers are starting to spend some money and again feel comfortable with their money, there is still a long way to go before we are at the [...]

Many small business owners start making a profit, take a salary, and then get a huge surprise when tax day rolls around.  Most small business owners do not have a tax or accounting background, however, it is extremely important that you not neglect this side of your business.  If as a self-employed person you are [...]

Many people just starting out in the workforce might not be thinking about retirement planning just yet, however, the earlier you start planning and saving for retirement the better off you will be. Even if you start out putting only a few dollars a week into an IRA or 401k it can still make a [...]

Retirement accounts have been struck particularly hard in the last few decades.  First you had the boom of the tech era followed by the crash that started after September 11th.  As stocks were bottoming out, people took the money out of stocks and instead started investing it in real estate.  Now real estate and stocks [...]

Looking to sell your property?  Finding the right realtor and listening and acting on that realtor’s advice can mean the difference between selling your property within a couple of months despite the down market or having your listing sit on the market for six months to a year. When looking for a realtor you want [...]

As IRAs, 401ks and other retirement accounts have lost value due to the financial decline of the recent years, many seniors have lost a chunk of their retirement income.  Thus, their accounts and assets are worth less but their living expenses have not decreased.  This is a problem. Many retirees spend the winter in Florida [...]

Even in this down economy timeshare sales in Florida are bustling.  But are they a good deal?  It really depends on what you want to do and which company you go with. I recently attended a couple of timeshare presentations in New Smyrna Beach and Orlando, Florida and while the salespeople made a strong argument, [...]