Airbnb and Tax-Free Income: What You Need to Know

Category: Enjoying Your Wealth

June 14, 2017  |  

Airbnb and Tax-Free Income: What You Need to Know

The rising popularity of online home-sharing sites such as Airbnb, Homeaway and FlipKey have made vacations and other out-of-town trips more affordable than ever for travelers. If your hometown is hosting a major concert, national event or sporting event like the NFL Draft’s recent stop in Philadelphia, owners can rent out their residences at attractive prices to savvy travelers who don’t want to go the traditional hotel/motel route. While the home-sharing sites mentioned in this […]

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July 27, 2016  |  

Buy vs Lease? Things to Consider When Shopping for a New Car

After declining dramatically a few years ago, auto sales are up, leasing offers are back, and incentives and deals abound.  So if you’re in the market for a new vehicle, should you buy it or lease it?  To decide, you’ll need to consider how each option fits into your lifestyle and your budget.  Below is a list of tips to consider as well as a chart to help guide you along your way. Key Takeaways: […]

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June 1, 2016  |  

Is Airbnb a Source of Tax-Free Income for Property Owners? It Depends.

The rising popularity of online home sharing sites such as Airbnb, Homeaway and FlipKey have made vacations and other out-of-town trips more affordable than ever for travelers. If your home-town is hosting a major concert, sporting event or world leader’s visit like the Pope’s recent stop in Philadelphia, owners can rent out their residences at attractive prices to savvy travelers who don’t want to go the traditional hotel/motel route. While the home-sharing sites mentioned in […]

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May 4, 2016  |  

The Vacation Home Primer

Key Takeaways: The purchases of vacation homes have spiked over the past few years. Before purchasing, consider whether you plan on using it yourself or renting. When considering a purchase, account for extra expenses such as insurance, taxes, utilities, furnishings and upkeep before taking the plunge. Summer is coming, so if you’re like me you can’t wait for the pending weekend trips to the beach.  As a former Mack & Manco’s employee and boardwalk lover, […]

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November 28, 2015  |  

The Safe Savings Rate

Key Takeaways • Where it all started–the safe withdrawal rate. • My transition to the safe savings rate—the amount of income you need to sock away for retirement. • A comprehensive financial plan is best, but off-the-shelf tools and two popular “rules of thumb” can help. The Safe Withdrawal Rate About 20 years ago, a financial planner and former engineer, named Bill Bengen, published a now-famous study about calculating the ideal annual withdrawal rate from […]

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