Tax Tips for Job Seekers
If you are unemployed, certain expenses you incur when looking for a new job may be tax deductible. Learn more in this week’s Tax Tip.
New Student Debt Repayment Plan
On October 26, 2011, President Obama announced a plan that seeks to help college graduates pay back their federal student loans. The plan is an executive order and does not require approval by Congress. It is scheduled to take effect beginning in 2012. Read more in this Financial Tip.
Strong Earnings Balance out an Unstable Europe for a Flat Week
Italy adds to Europe’s financial woes, but the American markets rebound after weekly jobless claims fall below the critical 400,000 level.
Gifting Stocks to Children
Gifting shares of a company children are familiar with can be a good way to teach them about investing.
Tax-Free Distributions to Charity
Taxpayers age 70½ or older are allowed a qualified charitable distribution (QCD), which lets you to direct your IRA trustee to make a distribution, up to $100,000, directly from your IRA to a qualified charity. This QCD fulfills the required minimum distribution for the year.
Women and Retirement Planning
According to the latest Census Bureau wealth study, in the critical 55-to-64 age bracket, when household wealth typically builds to its peak before being drawn down in retirement, the median net worth for married couples is about four times higher than that of singles.
Early Retirement Offers
An early retirement offer may sound like a blessing, but before you accept, the “Money Talks” hosts discuss how it may affect your future financially.
How Does Cash Value in a Life Insurance Policy Really Work?
Cash value life insurance comes in many forms, so people often get confused. Learn more how the cash value works in this week’s Insurance Tip.
Social Security and Medicare Figures for 2012
The Social Security Administration has announced that for the first time since 2009, a cost-of-living adjustment (COLA) will be paid to Social Security beneficiaries and Supplemental Security Income (SSI) recipients. Monthly benefits will increase 3.6% starting in January 2012 for Social Security beneficiaries and starting on December 30, 2011, for SSI recipients. Read more in this Financial Tip.
Is It a Business or a Hobby?
You sold your tomatoes at the farmer’s market, but is your garden considered a business or a hobby? It’s complicated. Read this week’s Tax Tip for more.