Reverse Mortgage vs Line Of Credit

Wednesday, August 18, 2010, 7:38 AM | 1 Comment

For so many years, we have been watching advertisements, featuring mostly Hollywood celebrities, spreading the word of reverse mortgage. It’s not for every retiree though. Who can take advantage of it? Those who are equity-rich but cash-poor can benefit from it. They can continue to live in their homes and generate extra tax-free cash flow. […]



Problem With Carrying Debt Into Retirement

Tuesday, August 17, 2010, 6:51 AM | 2 Comments

Recently a new concept has been created that it’s OK to carry debt into retirement, including home mortgage. There is a big problem with that. Your income is a lot less than when you were working full time. You must service your debt, there is no way out. If the debt is at the proportion […]



Tax Advantages of HSA Save You Three Ways

Monday, August 16, 2010, 1:06 AM | Leave Comment

Health Savings Accounts, HSAs, are a good long-term savings vehicle because of their significant tax benefits. When used for qualified health care expenses, HSA offer a triple tax savings: Contributions are tax deductible Grow tax deferred Can an be withdrawn Federally tax free unlike withdrawing from IRA or 401(k) accounts. If your employer offers you […]



Technology Is Balancing Flex-time With Face-Time

Sunday, August 15, 2010, 6:00 AM | 1 Comment

There was a time that everyone was required to physically be present at the place of work for the time duration that the employee was hired for. At the advent of the 21st century, employers and employees both have two questions that each group has to satisfy as far as flex-time and face-time. When does […]



IRS vs Voluntary Tax Arguments

Saturday, August 14, 2010, 3:33 AM | 4 Comments

Once in a while we hear that someone has sued the Internal Revenue Service, otherwise known as IRS, for taxpayers’ various contentions. In many such cases brought before the courts, some taxpayers assert that they are not required to file federal tax returns because the filing of a tax return is voluntary. If you look […]



Anxiety And Obsession May Lead To Overspending

Friday, August 13, 2010, 3:38 AM | 7 Comments

Millions of folks overspend seemingly with no reason at all. However, psychiatrists and other social scientists tell us that there are always some reasons behind overspending, overeating and over everything else. Especially those who cannot even afford will go out on a spending spree. In that case, it’s just pathetic that we spend more than […]



What’s It With Bank Fees – Judge orders $203M Pay Back

Thursday, August 12, 2010, 12:40 AM | Leave Comment

What’s it with these banks and investment companies? Can’t they make money in fair and square way with no deception attached with their business? Why should there be unfair and deceptive practices by the banks thrown upon innocent consumers? This is America, ain’t it? Are we living in a third world country? Or American businesses […]



Tips For Naming Beneficiaries When Buying Life Insurance

Wednesday, August 11, 2010, 2:40 AM | 1 Comment

Of course, the best time to name a beneficiary or beneficiaries is when you buy life insurance. Think about who will benefit when you are “deleted” from the surface of the earth. When you are archived in that huge database up in the sky somewhere. It’s not a good description of saying after you have […]



Tips For Right Time To Buy Life Insurance

Tuesday, August 10, 2010, 12:45 AM | 1 Comment

Any time is a good time to buy into life insurance. Life is unpredictable, of course. But many folks try to keep delaying the decision of buying into it. Home insurance is mostly required by mortgage lenders. Auto insurance is a must in most states. Life insurance is your choice and that is probably the […]



What’s It With Textbooks Prices – Rent Them

Saturday, August 7, 2010, 9:32 AM | Leave Comment

Anyone going to college these days and for the last so many years know [and feel] very well how much textbooks cost. The textbooks, over the years, has become a monopolistic industry of the utmost. On the average it costs more than $100 to buy a book. Most often, many books will set your wallet […]