Social Security COLA Announced For Next Year
Remember the advertising campaign for 7-UP that referred to the soft drink as the "un-cola?" Some retirees may be saying the same thing about the Social Security cost-of-living adjustment for 2013 that was recently announced.
How Your Taxes Might Increase Next Year
Unless Congress takes further action before the end of this year many Americans will be facing a tax increase beginning in 2013. Some pundits have referred to this pending tax increase as "the 2013 fiscal cliff."
Fixed vs Variable Annuities: Look Before You Leap
The potential for tax-deferred growth and a guaranteed stream of income can make annuities an attractive financial option for retirement. Investors fund an annuity with already-taxed dollars and that money then grows tax deferred until it is withdrawn.
What Is the Dodd-Frank Act?
You may have heard the term "Dodd-Frank" in reference to the U.S. banking and financial system, but you’re not sure exactly what it refers to. “Dodd-Frank” is short for the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Why Was Kraft Foods Removed from the Dow?
Changes to the mix of companies listed on the 30-stock Dow Jones Industrial Average (DJIA) are relatively rare. When Kraft Foods lost its place on the venerable market index recently to UnitedHealth Group Inc., it was the first change to the Dow’s composition mix since 2009.
What Is Whole Life Insurance -- And Do You Need It?
Many families purchase life insurance in order to help provide financial protection for surviving family members in the event of the death of a family income-earner. Life insurance may be helpful regardless of whether the insured was the primary or secondary income-earner.
What Should You Do With a Financial Windfall?
Individuals who (often unexpectedly) receive large sums of money all at once need to make some important decisions, sometimes very quickly. The tax implications of a windfall can be complicated, which may make receiving counsel from a tax professional crucial.
The Brewing Storm in Long-Term Care Insurance
Don't look now, but there may be a storm brewing when it comes to long-term care insurance. Facing substantial budget shortfalls, some states are cutting back on Medicaid and long-term care services.
Handling Debts after a Spouse's Death: Who's Responsible?
The death of a spouse is heartbreaking. Yet the surviving spouse faces more than just overwhelming emotions-- he or she may also face the challenge of handling a loved one's outstanding debts.
A Plan for Eliminating Credit Card Debt
When it comes to debt it can be debated whether there is such a thing as good debt and/or bad debt.
Does It Cost More Money to Be a Woman?
According to a study conducted earlier this year by the FINRA Education Institute women face a number of financial challenges that appear to be unique to their gender. On average, women pay a half-point higher interest rate on credit cards than men do.
Potential Income Replacement With Term Life Insurance
The death of a loved one is obviously a tragic event for any family. It is sometimes made even more tragic when this loved one was the family's primary income-earner.
How is the Market Doing? Check the Dow.
When the conversation turns to how the market is doing, chances are people are referring to the Dow Jones Industrial Average, or "the Dow" for short. The Dow tracks the performance of stock issued by 30 prominent, publicly traded U.S.-based companies and is one of the most widely reported stock market indexes in the country.
Save More Money By Wasting Less
As the jobless rate remains historically high and the economic recovery uncertain, many Americans are watching their personal finances more closely than ever and looking for every opportunity they can find to save money and reduce their expenses.
Are Low Yields the New Normal?
The phrase "the new normal" has been thrown around a lot lately to describe many different things. It was originally coined by author Roger McNamee in his 2004 book of this title, which describes how the 21st century represents a new era of heightened uncertainty, but also opportunity.
Investing Basics: What You Should Know
This is the fourth in the series of articles discussing financial literacy and what this means for Americans in the 21st century. Once you have earned money there are four main things that you can do with it: Spend it, save it, invest it or give it away.
Budgeting Basics: Establishing a Household Budget
This is the second in a series of articles discussing financial literacy and what this means for Americans in the 21st century
Financial Literacy: What Does It Mean Today?
We are beginning a new series of articles discussing financial literacy and what this means for Americans in the 21st century.
A Sure Thing? Not So Fast.
At some point in our lives most of us have heard a pitch for some kind of investment or money-making opportunity that was billed "a sure thing." If you are ever approached with such an “opportunity,” the best advice is usually to run, not walk, as fast as you can in the opposite direction! Simply put, this isn’t how investing in the real world works—a fact that, unfortunately, some people have learned the hard way.
Enjoy Your Labor Day!
Next Monday, Americans will celebrate Labor Day for the 130th time since the holiday was first recognized in 1882. The holiday marks the unofficial end of summer, and it's celebrated by many people with parades, picnics, cookouts and trips to the beach or the lake.
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