Good money management skills are not something you are born with; rather, they are acquired over a lifetime of successes and failures. Giving your children a weekly allowance is a great way to give them experience with money and get them on the path to successful money management as an adult.Read More
Social Security plays a key role in many Americans’ retirement plans. Understanding the benefits available in different situations is important, especially for women. According to the Social Security Administration, the median earnings for women are approximately 80% of men’s earnings.Read More
There has been a lot of controversy lately surrounding the Patient Protection and Affordable Care Act, better known as Obamacare. One point of this bill that has caused a lot of questions is the Unearned Income Medicare Contribution tax that is being used to help fund Obamacare. It would create a 3.8% surtax on certain types of income above certain thresholds starting January 1, 2013.
For individuals, the 3.8% surtax is imposed on the lesser of net investment income or theRead More
Have you been considering installing new windows or doors in your home? Now may be the perfect time to do so. On February 17 of this year, President Obama signed the American Recovery and Reinvestment Tax Act of 2009 into law. This law extends and increases the tax credits introduced by the Energy Policy Act of 2005. This law creates a tax credit equal to 30% of the cost of new energy efficient windows and doors upRead More
The recently passed Consumer Assistance to Recycle and Save Act of 2009 (CARS Act), or Cash for Clunkers as it is affectionately referred to, is a measure introduced by the government to reduce pollution and jump start auto sales. The CARS Act allows you to trade in your old “clunker” (domestic or foreign) for a credit between $3,500 and $4,500 towards the purchase or lease of a new domestic or foreign made car that gets at least 22Read More
A living will is a legal document that outlines the medical treatments you do (and do not) want should you encounter a serious life threatening illness. Living wills can communicate your wishes to your doctor and family even if you are not capable of communicating yourself. A living will is an advance directive meaning it should be given to your doctor before any care is given.
Living wills were brought to many people’s attention recently with theRead More
As many of you probably know, your credit score (or FICO score) can affect your finances in many ways. But you may not know what determines your score and what it is used for.
Your FICO score is derived from a complex formula developed by Fair Isaac Corp. It is reported by the three major credit agencies: Equifax, Experian and TransUnion. Your score can range from 300 to 850. A score of 760 means that you areRead More
Many of you know that 529 plans are a great way to save for your children’s college education. What you may not know is that there are free programs available that can help you boost your savings amounts. These programs are free to use and reward you for things you already do – they are like frequent flyer miles for college savings.
UPromise and BabyMint are two programs available that allow you to earn rebates on your purchases that can beRead More