The Real Cost of a Vacation Home What if instead of buying that vacation home, you invested the money? Share | Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content Does Your Child Need to File an Income Tax Return? When your child has income, there’s a good chance that he or she will need to report it and pay taxes. Retiring the 4% Rule A portfolio created with your long-term objectives in mind is crucial as you pursue your dream retirement. Tax Freedom Day Assess how many days you'll work to pay your federal tax liability.