Index
A
- accessories, minimizing to cut costs, 76
- accounts. See bank accounts; retirement accounts
- acquisition debt, 111
- activity level, monitoring, 282–283
- addictions
- adjustable-rate mortgages (ARMs), 109–110, 111
- adjusted gross income (AGI), 87
- advertising
- advertorials, 250, 251
- advisors, financial
- affiliate fees/links, 79, 251, 254
- Affordable Care Act (Obamacare), 211, 213–215, 218–219
- affordable home, purchasing, 71
- agents
- AGI (adjusted gross income), 87
- alternative medicine, 82
- American Institute of Certified Public Accountants (AICPA), 264
- American Opportunity (AO) credit, 38, 94
- amortization, negative, 110–111
- amount owed, role in credit score, 54
- Angi, 270
- AnnualCreditReport.com, 56–57
- anonymous source usage in media, 256–258
- applications, rental, 99–100
- appraisers, 204
- appreciation
- apprenticeships, 135
- apps
- ARMs (adjustable-rate mortgages), 109–110, 111
- asset allocation, 162, 179–180, 182, 183–185
- asset management accounts, 43, 175
- assets
- ATM networks, 170–171
- attitudes toward money, exploring, 122–123
- auto insurance
- auto ownership
- buying new versus used, 277
- cheaper options, 75
- considering insurance costs before, 242
- maintenance, 278
- overview, 275
- paying cash for, 276–277
- real value, understanding, 277–278
- reasons to avoid, 276
- safe driving, 239, 279
- servicing options, 278–279
- tax-deductible expenses, 279–280
- total costs, considering, 240, 277
- automatic bill payment, 16, 36, 60, 128
- avoidance, money
B
- “Best Value Colleges” (Kiplingers), 39
- Better Business Bureau (BBB), 271
- big banks, 168
- bike, using, 75
- bill payment, automatic, 16, 36, 60, 128
- Bitcoin, 157–158
- bodily injury liability, 240
- bond mutual funds, 184
- bonds
- boot camps, 135
- bottled water, avoiding, 74
- brand names, importance of, 23
- brick-and-mortar banks, 168
- brokerage accounts, 175, 186
- bronze plans, 219
- budgeting, 26–27
- building permits, trends in, 202
- bulk, buying in, 74
- business, learning about, 137
- business ownership, as financial goal, 28. See also small businesses
C
- call options, 156
- callability, bonds, 149
- capital gains, 92
- capital gains tax, 93
- car insurance
- car ownership
- buying new versus used, 277
- cheaper options, 75
- considering insurance costs before, 242
- maintenance, 278
- overview, 275
- paying cash for, 276–277
- real value, understanding, 277–278
- reasons to avoid, 276
- safe driving, 239, 279
- servicing options, 278–279
- tax-deductible expenses, 279–280
- total costs, considering, 240, 277
- career
- career and technical education (CTE), 135–136
- CareerOneStop, 143
- cash
- cash flow
- cash management accounts, 43, 175
- cash value life insurance, 229–230
- cell phones, awareness of spending on, 80
- cell-phone insurance, 245–246
- certificates of deposit (CDs), 181
- certified public accountants (CPAs), 95, 264, 267
- Chapter 13 bankruptcy, 48–49
- Chapter 7 bankruptcy, 48
- charge-offs, 59
- Cheat Sheet, explained, 3
- check writing
- checking accounts, 42–43, 170
- checks, avoiding use of personal information on, 62–63
- child tax credit, 86
- children
- closing accounts, role in credit score, 60
- clothing, controlling spending on, 76
- COBRA (Consolidated Omnibus Budget Reconciliation Act), 213
- coding boot camps, 135
- COLAs (cost-of-living adjustments), 226
- college. See education; student loans
- college cooperative educational experiences, 136
- college minimal viable products (MVPs), 135
- collision coverage, car insurance, 241
- commercial real estate investments, 198–199
- commissions, real-estate agent, 267, 268
- comparison shopping
- comprehensive coverage, car insurance, 241
- condominiums, 106, 197
- conflicts of interest
- Consolidated Omnibus Budget Reconciliation Act (COBRA), 213
- consumer debt. See also credit cards
- Consumers Checkbook, 271
- contacts, list of key, 232
- continual savings, power of, 24–25
- continuing education, 285
- cooking, to save money, 73
- cooperative educational experiences, 136
- cooperatives (housing), 106
- co-payments, health insurance, 216–217
- corporate tax rates, 86
- cost, developing savings mindset related to, 22–23
- cost-of-living adjustments (COLAs), 226
- Coulter, Ann, 258–259
- coupons, bonds, 148
- coverage, insurance
- CPAs (certified public accountants), 95, 264, 267
- credit cards. See also consumer debt
- credit counseling, after bankruptcy, 49
- credit counseling agencies, 46–47
- credit disability policies, 245
- Credit Karma, 58
- credit life policies, 245
- credit monitoring services, 57
- credit quality, 149
- credit reports
- credit scores
- credit unions, 168
- creditors. See lenders
- credit-repair firms, 15
- cryptocurrencies, 157–158
- CTE (career and technical education), 135–136
D
- DA (Debtors Anonymous), 50
- daily hospitalization insurance, 245
- Danziger, Pamela, 77
- deals, real estate, 112–113
- death. See also income insurance; wills
- debit cards, 42–43, 50, 170, 171
- debt. See also consumer debt; liabilities; loans; student loans
- bankruptcy, 47–50
- common mistakes in young adulthood, 19
- credit counseling, 46–47
- extreme, getting help for, 46–50
- generational, 34–35
- improving credit reports and scores, 16
- in lender calculations, 104
- leverage, exercising, 154
- making the most of loans, 35–36
- in net worth calculations, 9–10
- overview, 33
- paying off, 177
- role in credit score, 54, 60
- in savings rate calculations, 12
- debt-management programs (DMPs), 46
- debtor education, 49
- Debtors Anonymous (DA), 50
- deductibles
- deductions on taxes
- defaulting on loans, 19
- deferment, student loan, 36–37
- dental insurance, 244
- depreciation, 90, 93
- disability insurance
- discount brokerage accounts, 186–187
- discount brokers, 164
- Discover Financial Services, 57
- discretionary purchases, 77
- dispute resolution, in living-together contracts, 118
- disputes, for debit card charges, 43
- diversification
- dividends, 150
- DMPs (debt-management programs), 46
- doctors, selection of in insurance plans, 216
- donating, 286
- down payment for mortgage, 104–105
- driving safely, 239–240
- dwelling protection, 234–235
E
- EAs (enrolled agents), 95, 266–267
- eating healthy, 282
- economics, researching for real estate investments, 201
- Edmunds “True Cost to Own” calculator, 240
- education. See also student loans
- continuing, 285
- costs and benefits of, 39–40
- deductible expenses, 38
- financial advisor, evaluating, 265
- financial goals related to, 29
- investing for, 187–191
- paying for costs of, 190–191
- relation to successful career, 133
- seeking value for dollars spent on, 133–137
- tax breaks related to, 38–39, 93–94
- emails soliciting personal information or action, 61
- emergency reserve funds, 142, 162, 178–179
- employers
- employment
- career counseling, deductible costs related to, 39
- changing, 141–142
- entrepreneurial options, 138–141
- getting career started, 131–132
- investing in career, 138
- overview, 131
- relation to education and training, 133
- requirements for Medicaid coverage, 215
- second jobs, 139
- seeking value for education dollars, 133–137
- unemployment, 142–144
- employment income
- enrolled agents (EAs), 95, 266–267
- entrepreneurial options
- environment, effect on money beliefs and practices, 124
- equity
- errors
- escrow charges, 113
- estimated tax payments, 90
- excess liability insurance, 243
- exchange-traded funds (ETFs)
- exemptions, elimination of, 86
- exercise, maintaining health through, 144, 282
- expenses, in living-together contracts, 117. See also specific expense types; spending
- expense-tracking sites and apps, 254, 289–290
- experience
- experts
- extended warranty and repair plans, 244
F
- FAFSA (Free Application for Federal Student Aid), 187
- family
- fashion spending, 76
- Federal Deposit Insurance Corporation (FDIC), 172
- Federal Emergency Management Agency (FEMA), 237
- Federal Reserve Economic Database (FRED) app, 291–292
- federal student loans, 36, 37, 40
- federal tax breaks for education, 38. See also taxes
- fee-based financial advisors, 264
- fees
- FICO scores, 13, 53, 54, 57
- Fidelity Investments, 186
- finances. See also financial checkup; specific related topics
- financial (net) worth
- financial advisors
- financial aid for students, 40–41, 187–190. See also student loans
- financial apps, 287–292
- financial assets
- financial checkup
- financial goals
- financial health, when buying home, 103–104
- financial independence, 29–30
- financial information and advice
- financial liabilities
- financial professionals
- financial projections for real estate investments, 203–205
- financial records, centralizing, 231–232
- financial statements, reviewing monthly, 61–62
- financing, car, 75, 276–277
- financing, home, 109–112. See also mortgages
- fitness trackers, 282–283
- 401(k) plans, 183–185
- FRED (Federal Reserve Economic Database) app, 291–292
- Free Application for Federal Student Aid (FAFSA), 187
- free apps, 288
- free financial information, real cost of, 250–251
- FreeCreditScore.com, 57
- freezing credit reports, 62
- friendly fraud, 61
- friends
- fun, importance of having, 285
- future insurability, disability insurance, 226
G
- GasBuddy app, 290–291
- generational debt, 34–35
- GICs (guaranteed-investment contracts), 184
- goals, financial
- Goodbudget app, 290
- grants, 41, 191
- grocery shopping, 23, 73–74
- group disability insurance, 227
- group health plans, 214, 215, 221
- guaranteed renewable disability policies, 226
- guaranteed renewable life insurance policies, 231
- guaranteed replacement cost, homeowner’s insurance, 234
- guaranteed-investment contracts (GICs), 184
- gurus
H
- health, taking care of physical
- health insurance
- health maintenance organizations (HMOs), 216
- health savings accounts (HSAs), 89, 219, 221–222
- healthcare expenses, handling, 82
- healthcare power of attorney, 120
- healthcare reimbursement accounts, 221–222
- higher-density housing, 106
- high-interest debt, paying off, 177
- home equity. See equity
- home ownership. See also mortgages
- accumulating down payment, 104–105
- cost of renting versus, 98–99, 101–103
- determining costs of, 100–104
- as financial goal, 28
- financing, 109–112
- finding right property, 105–107
- getting on path to purchasing home, 70
- as investment, 196
- putting deal together, 112–113
- slicing expenses related to, 71–72
- Tax Cut and Jobs Act Bill, 86–87
- working with real-estate agents, 108
- home warranty plans, 244
- HomeAdvisor, 270–271
- homeowner’s insurance
- hospitalization insurance, 245
- hospitals, selection of in insurance plans, 216
- housing. See also home ownership
- HSAs (health savings accounts), 89, 219, 221–222
- hybrid mortgages, 109–110
I
- ICCC (Internet Crime Complaint Center), 174
- icons, explained, 3
- identity theft, preventing, 60–64
- illustrations (projections), life insurance, 230
- income
- income insurance
- income taxes
- common mistakes in young adulthood, 19
- comparing marginal taxes, 84–85
- cutting, 72–73
- deductions, increasing, 91
- on disability benefits, 225
- education tax breaks, 38–39, 93–94
- effect of retirement account contributions, 27
- and health savings accounts, 221–222
- investment income, reducing, 92–93
- on investments, 17, 178, 181–182
- on money invested in child's name, 189
- overview, 83
- paying for Obamacare, 214
- preparing return, 94–95
- professional help for, 95, 266–267
- on real-estate investments, 154
- reducing, 87–91
- and retirement accounts, 29–30, 31
- savings related to home ownership, 103
- Section 529 plans, 189
- Tax Cut and Jobs Act Bill, 86–87
- taxable income, 83–84
- independence, financial, 29–30
- independent agents, 218, 220, 227
- index funds, 153, 182
- individual retirement account (IRAs), 88, 129, 183, 191
- individual stocks, investing in, 151–153
- inflation
- insurance. See also specific insurance types
- interchange fees, 80
- interest deduction, student-loan, 38
- interest rates
- interest-only mortgages, 111
- intermediate-term investments, 180
- Internal Revenue Service (IRS), guidance from, 94. See also taxes
- international stocks, investing in, 151
- Internet Crime Complaint Center (ICCC), 174
- intestate status, 120
- inverse ETFs, 158–159
- investment firms
- investments. See also specific investment options
- alternatives to, 177
- apps related to, 292
- in career, 138
- common mistakes in young adulthood, 19
- cultivating habit, 132
- developing regular program for, 129
- diversification, 161–163
- earning higher returns on, 25–26
- for education, 187–191
- evaluating pundits and experts, 164–165
- holding on to, 163
- hot vehicles for, checking out, 156–159
- lending, 148–149, 160
- lowering taxes on income from, 92–93
- nonretirement account money, 178–182
- overview, 147
- ownership, 150–155, 160–161
- real estate, 153–155
- researching and trading online, 253
- retirement account money, 182–187
- risks, 159–163
- in savings rate calculations, 11–12
- in small businesses, 140–141, 155
- tapping to reduce consumer debt, 45
- tax-free, 92
- tax-friendly, 92–93
- understanding options for, 16–17
- IRAs (individual retirement account), 88, 129, 183, 191
- IRS (Internal Revenue Service), guidance from, 94. See also taxes
- itemized deductions, 91
J
- job searches
- joblessness, 142–144, 201
- jobs
- career counseling, deductible costs related to, 39
- changing, 141–142
- entrepreneurial options, 138–141
- getting career started, 131–132
- investing in career, 138
- overview, 131
- relation to education and training, 133
- requirements for Medicaid coverage, 215
- second, 139
- seeking value for education dollars, 133–137
- unemployment, 142–144
- journalism. See also financial information and advice
- junk mail, 50
- justifiers, for discretionary purchases, 77
K
L
- last-mile programs, 135
- late payments, 128
- lease agreements, 99–100
- leasing cars, 75, 276–277
- lenders. See also mortgages
- lending investments, 148–149, 160. See also bonds
- leverage, 154, 194
- leveraged ETFs, 158–159
- liabilities
- liability insurance
- liberal arts education, 134–135
- life insurance
- lifetime cap, 110
- Lifetime Learning (LL) credit, 38, 94
- lifetime maximum benefits, health insurance, 217
- limited partnerships (LPs), 200
- listings, researching property, 202
- living wills, 120
- living within your means, 22
- living-together contracts, 117–118
- loans. See also debt; liabilities; mortgages; student loans
- local property taxes, 86
- long-term capital gains, 194
- long-term capital gains tax, 93
- long-term disability (LTD) insurance, 225–227
- long-term investments, 179–182, 195
- long-term money, 17
- loved ones, caring for, 231–232. See also income insurance
- LPs (limited partnerships), 200
M
- mail, protecting, 64
- maintenance
- major medical coverage, 216
- major purchases, as financial goal, 28. See also specific major purchases
- mandate (penalties), under Obamacare, 215
- marginal tax rates, 84–85, 87, 178
- marriage, effect on finances, 118–119
- maturity date, bonds, 148, 149
- maximum benefits, health insurance, 217
- means testing, 49
- mechanics, car, 278–279
- media, financial information and advice from
- Medicaid coverage, work requirements for, 215
- medical conditions, insurance rejection based on, 220–221
- medical coverage, major, 216
- medical information files, 220
- medical payments coverage, car insurance, 242
- medical power of attorney, 120
- medical reimbursement accounts, 221–222
- merging finances when marrying, 118–119
- military personnel, student loan benefits for, 41
- minimal viable products (MVPs), college, 135
- mistakes, common financial, 18–20
- money
- money market funds, 92, 162, 175, 178–179, 183
- money procrastination
- monthly financial statements, reviewing, 61–62
- mortgages
- accumulating down payment, 104–105
- calculating how much can be borrowed, 104
- choosing affordable home, 71
- choosing best type, 109–110
- comparing to rental prices, 101, 102
- considering financial health before accepting, 103–104
- cost of renting versus, 99
- getting approved, 111–112
- interest-only, 111
- negative amortization, 110–111
- versus rental costs, 70
- tax savings related to, 103
- understanding options, 109
- motivated sellers, finding, 206
- moving to lower-cost rental, 69
- MSNBC, 258
- mutual funds
- MVPs (minimal viable products), college, 135
N
- National Association of Personal Financial Advisors (NAPFA), 264
- National Flood Services, 237
- natural disaster protection, 236–237
- negative amortization, avoiding, 110–111
- negative cash flow, 203
- negotiating rental increases, 69
- Neighborhood Scout, 107–108
- neighbors, knowing, 286
- net savings, 11
- net worth
- networking, 138
- new cars, buying, 277–278
- news. See media, financial information and advice from
- no-load fund companies, 164, 183, 185–186
- noncancelable disability policies, 226
- nutrition
O
- Obama, Barack, 211
- Obamacare (Affordable Care Act), 211, 213–215, 218–219
- Olbermann, Keith, 258
- online banks
- online financial information and advice
- online resources to find financial professionals, 269–271
- on-time payments, 16, 59–60
- open enrollment timeframe, Obamacare, 215
- open-choice plans, 216
- options, investing in, 156
- overdraft fees, 43
- ownership investments. See also real estate investments; stocks
- own-occupation disability policies, 226
P
- “peace of mind” insurance, 231–232
- penalties (mandate), under Obamacare, 215
- pensions, 9
- permits, trends in building, 202
- personal bankruptcy. See bankruptcy
- personal exemption, elimination of, 86
- personal finances. See also financial checkup; specific related topics
- Personal Financial Specialist (PFS) program, AICPA, 264
- personal information
- personal money beliefs and practices, 120–124
- personal property
- personal referrals to financial advisors, 264
- phishing, 61, 174
- phone
- physical health, taking care of
- PLUS (Parent Loans for Undergraduate Students), 40, 191
- PMI (private mortgage insurance), 104–105
- points, loans without, 110
- policies, insurance. See insurance; specific insurance types
- political partisans, 258–259
- postal mail, protecting, 64
- preapproval for mortgages, 112
- preexisting conditions exclusions, 214, 220–221
- preferred provider organizations (PPOs), 216
- prepared meals, 73
- preparers, tax, 95, 266
- prequalified status, for mortgages, 112
- price-earnings ratio, 150
- private mortgage insurance (PMI), 104–105
- privately held companies, 150
- procrastination, money
- products, buying unneeded, 77
- professionals, financial
- projections (illustrations), life insurance, 230
- property, investing in
- attractive opportunities, 155
- attributes of, 154–155
- to avoid, 199–201
- commercial real estate, 198–199
- good deals, finding, 205–207
- overview, 153–154, 193
- pros and cons, 193–196
- researching where and what to buy, 201–205
- residential housing, 197–198
- simpler methods for, 196–197
- tax-friendliness of, 93
- property damage liability, 241
- property listings, researching, 202
- property taxes, 86, 103
- property valuation, 203–205
- Public Service Loan Forgiveness Program, 37
- public transportation, 75
- publicly held companies, 150
- pundits
- purchases, major, as financial goal, 28. See also specific major purchases
- purchasing power of investments, 26, 149
- put options, 156
Q
R
- rainy day funds, 142, 162, 178–179
- real estate investments
- attractive opportunities, 155
- attributes of, 154–155
- to avoid, 199–201
- commercial real estate, 198–199
- good deals, finding, 205–207
- overview, 153–154, 193
- pros and cons, 193–196
- researching where and what to buy, 201–205
- residential housing, 197–198
- simpler methods for, 196–197
- tax-friendliness of, 93
- real-estate agents, 108, 204, 267–269
- real-estate brokers, 268
- real-estate investment trusts (REITs), 155, 196–197, 200
- real-estate seminars, 200
- Redfin, 268
- references, asking financial advisors for, 266
- referrals to financial advisors, 264
- refunds, getting, 23
- relationships
- relatives
- relocating, 142
- rental income, 71–72, 155, 196, 198
- rent-controlled units, 70, 99
- renter’s insurance
- renting home
- reports, credit
- reputation, minding, 284
- research, for real estate investments
- residential housing investments, 197–198
- residual benefits, disability insurance, 226
- restaurant spending, managing, 73–74
- restricted-choice plans, 216
- retirement, financial goals related to, 29
- retirement accounts
- advantages to investing in, 29–30
- allocating money in employer plans, 183–185
- competing financial goals, 30–31
- cutting taxes through, 30, 72–73, 87–89
- developing regular investment program, 129
- establishing and prioritizing contributions, 182–183
- funding education from, 40–41
- overview, 177, 182
- paying for education with, 191
- reviewing beneficiaries when marrying, 119
- self-employed plans, 185–187
- when applying for financial aid, 188
- when cutting spending, 26–27
- withdrawal penalties, 31, 89
- retirement benefits, valuing, 9
- retirement-planning online tools, 253
- returns, tax, 94–95
- Revature, 135
- reward programs, credit card, 78–79
- The Richest Man Who Ever Lived (Scott), 262
S
- safe driving, 239–240
- sales, on clothes, 76
- sales tax, 73
- savings
- and budgeting, 26–27
- cultivating habit, 132
- developing mindset for, 22–24
- earning higher returns on, 25–26
- goals, setting and prioritizing, 28–31
- overview, 21
- power of continual, 24–25
- in preparation for job changes, 142
- striking balance with spending, 67–68
- tapping to reduce consumer debt, 45
- valuing over time, 24–26
- when income is low, 31
- savings accounts, 171
- savings rate, 10–12
- Schedule E (Supplemental Income and Losses), 203
- scores, credit
- Scott, Steven, 262
- second (vacation) homes, 200
- second jobs, 139
- Section 529 plans, 38, 93–94, 189–190
- Securities and Exchange Commission (SEC), 253
- security, online banking, 174
- self-employed retirement plans, 129, 185–187
- self-employment expenses, deducting, 90–91
- seminars, real-estate, 200
- sentimental remembrances, 232
- separate accounts, when marrying, 118–119
- SEP-IRAs, 129, 185
- service providers
- servicing options for car, 278–279
- shared housing, 106
- sharing rental with roommates, 68–69
- shopping
- short-term focus, caution with, 252
- short-term investments, 180
- short-term money, 17
- short-term scaled-down insurance plans, 215
- side hustles, 139
- Single Family Housing Guaranteed Loan Program, 105
- single-family homes, 105
- Small Business Development Centers, 137
- small businesses
- small-town banks, 168
- smart news consumer, 255
- Social Security, 9, 224–225, 228
- Society of Professional Journalists (SPJ), 257–258
- software, tax preparation, 95
- sources, unnamed, 256–258
- spending. See also specific related subjects
- addictions, identifying and treating, 50
- affordable and quality professional advice, 81–82
- apps focused on, 289–290
- budgeting, 26–27
- calculating to determine savings rate, 11
- and cash flow from real estate, 203
- common mistakes in young adulthood, 19
- controlling in preparation for job changes, 141–142
- credit-card reward programs, 78–79
- cutting upon losing job, 144
- developing savings mindset, 22–24
- educational, deductible, 38
- expense-tracking sites and apps, 254, 289–290
- fashion, 76
- food and restaurant, 73–74
- healthcare, 82
- housing costs, 68–72
- insurance, 81
- overview, 67
- recreation, 78
- striking balance with saving, 67–68
- taxes, cutting, 72–73
- technology, 79–80
- on things we don't need, 77
- transportation expenses, 75
- SPJ (Society of Professional Journalists), 257–258
- stable value funds, 184
- staffing firms, 135
- Stafford Loans, 40, 191
- standard deduction, 86, 91
- Starker exchanges (1031 exchanges), 194
- starting small business, 138–140
- state bankruptcy laws, 49
- state disability programs, 224
- state income taxes, 84
- state insurance departments, 238
- state property taxes, 86
- state taxes, itemized deductions related to, 91
- stock funds, 182, 184
- stocks
- store brands, buying, 73–74
- student loans
- subsidies, Obamacare, 215, 218–219
- Supplemental Income and Losses (Schedule E), 203
- survivor’s benefits, Social Security, 228
T
- tap water, drinking, 74
- tax credits
- Tax Cut and Jobs Act Bill, 86–87, 103
- tax professionals, 95, 266–267
- taxable income, 83–84
- tax-deductible auto expenses, 279–280
- tax-deductible retirement accounts, 26–27, 29–31, 87–89
- tax-deferred growth, with real estate investments, 194
- taxes
- common mistakes in young adulthood, 19
- comparing marginal taxes, 84–85
- cutting, 72–73
- deductions, increasing, 91
- on disability benefits, 225
- education tax breaks, 38–39, 93–94
- effect of retirement account contributions, 27
- income, reducing, 87–91
- investment income, reducing, 92–93
- on investments, 17, 178, 181–182
- on money invested in child's name, 189
- overview, 83
- paying for Obamacare, 214
- preparing return, 94–95
- professional help for, 95, 266–267
- property, 86, 103
- on real-estate investments, 154
- reducing through health savings accounts, 221–222
- and retirement accounts, 29–30, 31
- savings related to home ownership, 103
- Section 529 plans, 189
- Tax Cut and Jobs Act Bill, 86–87
- taxable income, 83–84
- tax-free investments, 38, 92, 93–94
- tax-friendly investments, 92–93
- technology spending, 79–80
- 1031 exchanges (Starker exchanges), 194
- tenants, considering when investing in property, 197
- term life insurance, 229, 231
- text messages, sharing personal information over, 61
- time shares, 199–200
- title insurance, 113
- total costs
- towing provisions, car insurance, 241–242
- town homes, 106
- trade schools, 135–136
- training, relation to successful career, 133. See also education
- transaction accounts, 169–170
- transportation expenses, 75
- Treasury bonds, 180–181
- “True Cost to Own” calculator (Edmunds), 240
U
- umbrella insurance, 243
- unemployment, 142–144, 201
- Uniform Application for Investment Adviser Registration (Form ADV), 265
- uninsured or underinsured motorist liability, 241
- university. See education; student loans
- unnamed sources, trusting, 256–258
- unneeded products, buying, 77
- used cars, buying, 277
- utility costs, containing, 72
V
W
- waiting periods, disability insurance, 226
- WalletHub, 58
- warranties, 244
- websites
- weight, healthy, 282
- Why People Buy Things They Don’t Need (Danziger), 77
- wills, 119, 120, 232
- withdrawal penalties, retirement accounts, 31, 89
- work
- career counseling, deductible costs related to, 39
- changing, 141–142
- entrepreneurial options, 138–141
- getting career started, 131–132
- investing in career, 138
- overview, 131
- relation to education and training, 133
- requirements for Medicaid coverage, 215
- second jobs, 139
- seeking value for education dollars, 133–137
- unemployment, 142–144
- Workers’ compensation, 225
- worth, net
Y
- young adult years, finances during. See also financial checkup; specific related topics
Z
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