Money

How Does a Variable Annuity Work?

How Does a Variable Annuity Work?

A variable annuity is an insurance product that pays out an annuity and a death benefit. Your contract with the insurance provider specifies the face amount of the insurance, the ...

How Are Bonuses Taxed in Massachusetts?

How Are Bonuses Taxed in Massachusetts?

Massachusetts follows Internal Revenue Service guidelines for wages subject to withholding. Therefore, your employer does not have to withhold Massachusetts income tax from your ...

If I Claim 1 on a W-4, Will I Owe Taxes at the End of the Year?

If I Claim 1 on a W-4, Will I Owe Taxes at the End of the Year?

One of the many documents you have to fill out when you start a job is a Form W-4, which tells your employer how many allowances you're claiming for income tax purposes. Entering ...

Can I Cancel My Flexible Spending Account in the Middle of the Year?

Can I Cancel My Flexible Spending Account in the Middle of the Year?

Uncle Sam takes a huge chunk of your income each year. It makes sense to use various tax advantages to lower your total tax bill. Flexible spending accounts allow you to pay for ...

Bond Funds vs. Stock Funds

Bond Funds vs. Stock Funds

Stocks and bonds are the two major investment asset classes, and mutual funds are broadly divided between bond funds and stock funds. A fund provides professional management once ...