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More Women Are Taking Control of Their Finances

Women Taking More Control Over Finances

As women’s economic, political and social power increase, they’re also taking a more active role in their finances. According to the recent Ameriprise Financial Women and Financial PowerSM study, women of all generations are involved in financial decision making — either shared or on their own — in their households. In fact, among the Boomer, Gen X and Millennial women surveyed, only 4 percent said they weren’t involved in financial matters. More than half (56%) share in making financial decisions with a spouse...

What Does an Unstable World Mean for the Markets?

What Does an Unstable World Mean for the Markets

Sign of the Times The past few months have seen a number of troubling situations develop around the world. Russia’s involvement in the Ukrainian conflict has continued, and recently airstrikes began against the Islamic state extremist group in Syria. The growing list of global concerns may add to a sense of unease for investors. Despite these issues, stock markets continued to soar to new highs through the middle of 2014 with the Dow Jones Industrial Average topping 17,000 for the first time on July...

Tips for Managing the Costs of Your Kids’ Sports

Youth Sport Programs can be expensive

Pay to Play? At a time when so many children are involved in organized sports, and often more than one, how can you make sure you’re not breaking the bank to fund these extra-curricular activities? Not to mention if you have more than one child in numerous sports. Back in the day, kids often honed their athletic skills at the neighborhood park. Organized sports teams, camps and clinics have now replaced parks and pick-up games. What’s more, the cost of youth athletics, like...

Create a Plan to Cover the Necessities of Retirement

Planning for Retirement

Planning for Retirement What’s going to happen when your paycheck stops? It’s one of the biggest questions that people nearing retirement have. It’s difficult for people to imagine what life will be like when they start to withdraw money from their hard-earned savings. For many, the feeling of anxiety often comes from trying to determine whether they have enough to cover essential living costs that will continue in retirement. Many people would consider these the basics of day-to-day living. They include: Food, shelter and clothing...

How to Avoid Too Much Student Debt

How to Avoid Student Debt

Back to School It’s that exciting time of year when high school seniors have decided on where they’ll head for college in the fall. At the same time, many juniors begin to apply to the colleges of their dreams. A school’s academic rigor and programs, student-to-teacher ratios, athletic opportunities, size and location are all important considerations when identifying a good fit. So is cost — especially if your child plans to take out student loans. The best way to help your child avoid...

Lending Money to Family Members

Is it a good idea to lend money to family members

Is it Ever a Good Idea? It’s harder than ever for young adults to save and get ahead in our current economy. Modest incomes and college loans make it tough to assemble enough cash to purchase a car or make a downpayment on a house. It doesn’t help that credit standards have tightened, putting bank loans out of reach for those without a strong credit history. It’s no wonder people are looking to family members for some financial help, and while you may...

Expiring Tax Deduction may Hurt Homeowners in 2014

Mortgage Interest Tax Deduction Expired December 31 2013

Eliminating certain tax deductions available exclusively to homeowners has been the topic of discussion for a few years now. The biggest target has been on the back of the Mortgage Interest Deduction that allows a homeowners to deduct the interest paid on a home loan from your taxable income, if you itemize your 1040 tax return. It seems that a new threat of higher housing costs is upon us. I found this great excerpt from the turbotax site that lists what homeownership associated...

Mortgage Insurance Tax Deduction Reinstated?

mortgage insurance tax deduction

UPDATE:  On January 1st, 2013, the mortgage insurance tax deduction was extended - Click here to see the update A proposed bill approved by the Senate Finance Committee on August, 2nd 2012 is asking for reinstatement of the mortgage insurance deduction that was discontinued as of January 1st, 2012. Enacted in 2006 as part of a legislative stimulus plan, homeowners with an adjusted gross income of less than $100,000 could write off 100% of their mortgage insurance premiums. This tax deduction was reduced...

Top 10 Celebrity Estate Planning Mistakes

Don’t feel like reading?  Listen to this article instead! I have been writing about Living Trusts for the past  several weeks, and I just recently came across an article from BusinessInsider.com that I found interesting. The article featured Trial & Heirs' Top 10 Celebrity  Estate Planning Mistakes.  I found them interesting and thought I would share the article with you. The point of all this is to recognize the mistakes of others so that we won’t repeat them. 1. Jimi Hendrix's Critical Error: Doing Nothing If...

Steve Jobs Had a Living Trust

For the past couple of weeks, I have been writing about Living Trusts, which is why I found the below article very interesting. As I’m sure you’re very aware by now, Steve Jobs passed away on October 5, 2011. Shortly after his passing, Forbes.com had an article titled, Steve Jobs Appears To Have Protected His Estate With Living Trusts.  What follows below are excerpts of what I found interesting in the article. _____________________________ Soon after the tragic news broke of the passing of Steve...

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