March 10, 2014 0Comment

Published March 07, 2014 Bankrate.com REUTERS Lots of people think that delaying when you take Social Security past age 62 is foolish. They adhere to the theory that most people should take Social Security as soon as they can since they don’t know how long they’ll live. That point of view probably made sense 20 years ago. But “this is not your parent’s Social Security decision,” points out Joe Elsasser, a Certified Financial Planner and principal of Social Security Timing, which sells Social Security analytical software. Elsasser uses this example of someone who retired at 62 in 1980, earning $20,000 a year….

March 9, 2014 0Comment

By Kathryn Buschman Vasel Published March 05, 2014 FOXBusiness REUTERS The chances of getting audited by the IRS are less than 1%, but if you find yourself in hot water with the agency the burden is on you to prove the legitimacy of your deductions and credits and verify you reported all sources of income. “The IRS is so stretched with resources that they are shifting to issuing more correspondences than actual audits,” says Brooke Balducci, senior manager at accounting and business management firm CBIZ MHM. When it comes to avoiding trouble with Uncle Sam, the best offense is a good defense….

March 3, 2014 0Comment

By Kathryn Buschman Vasel Protecting Your Assets Published February 27, 2014 FOXBusiness Planning for the event of your death isn’t a fun topic. But dying without a will means giving up control of how your assets are distributed and who will take care of your children. “Think of a will as your last love letter,” says Rip Mason, CEO ofLegalShield. “No one likes to talk about it, but it’s the responsible thing to do, no matter your income level.” He says at least half of Americans don’t have a will, which means the state will decide who gets what and who…

February 16, 2014 0Comment

By Kay Bell Published February 07, 2014 Bankrate.com REUTERS Tax deductions reduce your taxable income. Less income means a smaller tax bill. What’s the best way to reach the smallest possible taxable income level — with a standard or itemized deduction? It depends on your personal circumstances. The Internal Revenue Service says most taxpayers use the standard deduction. The standard deduction amount is different for each filing status and is higher for blind taxpayers and those who are ages 65 or older. The amounts are also adjusted for inflation each year.   For 2013 tax returns, the standard deductions are: $6,100…

February 16, 2014 0Comment

By Kim Komando Published February 15, 2014 The Kim Komando Show Who doesn’t think their Internet and cable bills are too high? For years now, I’ve been tracking the stories asking why we in the U.S. seem to be perennial sufferers of a certain chronic syndrome: Bills too high, Internet speed too slow. There are a quite a few studies that show the United States has the slowest Internet speeds in the developed world – and also the highest bills. The divergence is amazing. Compared to France, the U.K. and South Korea, we have speeds four times as slow and we…

February 12, 2014 0Comment

By Donna Fuscaldo Published February 07, 2014 FOXBusiness REUTERS It’s no secret that our country has a spending problem: both our government and citizens. “Compulsive shopping is becoming a global problem,” says Terrence Daryl Shulman, founder and director of The Shulman Center for Compulsive Theft, Spending & Hoarding. “There are statistics that estimate that anywhere between 6-10% of Americans have a chronic shopping problem.” While it’s hard to guide lawmakers on Capitol Hill on how to curb their spending, there are some triggers that lead consumers to overspend. Whether it’s out of boredom or to relieve some stress, over spending can…

February 12, 2014 0Comment

By Richard Barrington Published February 04, 2014 MoneyRates.com REUTERS Tax time is approaching, and with it you can expect the return of a perennial piece of tax advice: It is better to minimize your weekly tax withholding than to receive a refund because it allows you to put your money to work faster. According to a new survey though, most people defy that particular piece of advice — and there might be a method to that majority’s madness. On behalf of MoneyRates.com, Op4G surveyed more than 1,100 American workers who were in a position to determine their regular paycheck withholding. The…

January 2, 2014 0Comment

Our good friend Margie Baldock released her book the MotherLode Manifesto, where she shares her secrets to success. Although the book is for men and women she shares her story and great tips and ideas to help empower women to succeed. The Mother Lode Manifesto is a revolutionary call to action for women everywhere to create personal, financial independence through social entrepreneurship, whilst transforming the world at the same time. Check it out not only is it a great read she tells her own compelling story which is an inspiration to us all.   You can learn all about her…

November 5, 2013 0Comment

By Kathryn Buschman Vasel Money Tree Published October 30, 2013 FOXBusiness When it comes to finding your soul mate, it might also be in your best interest to find your financial mate. According to research from Jeffrey Dew, an assistant professor in the Department of Family, Consumer and Human Development at Utah State University, arguments over finances are a prime risk factor for divorce. Dew identified the five most common arguments couples have: chores, spending time together, sex, money and in-laws, and found that across all income levels and both genders, money was the most-cited hot-button issue among couples for a…

October 31, 2013 0Comment

By Hannah Ongley, Styleite.com, October 30, 2013 Nordstrom.com Did you know 50 percent of women don’t own pajamas? And 30 percent of those who do still sleep in that day’s underwear with an old gym t-shirt? The other 20 percent sleep in the buff, and 15 percent of them can’t get up in the morning for fear of hypothermia.   READ: 14 Cool Fall Hats Under $50 Of those statistics, 100 percent are completely made up, but here’s something that isn’t: Pajamas are absurdly underrated. Especially now that fall’s upon us, it’s possible to lie underneath a blanket without breaking out in…