Get student loan. Ask for forgiveness. You might get it

Saturday, September 12, 2009, 10:04 AM | 2 Comments

You are thinking “Did I choose a selfless career?” If you have, you might be in for a surprise – your student loan debt might be forgiven. Well! not so fast. It depends on what state you live in and what career field you have selected for yourself. The most common type of loan comes […]

The Fundamental Principle Of Personal Finance

Friday, September 11, 2009, 6:01 AM | Leave Comment

Many Americans under 35 can’t manage the basic financial building blocks of an adult life, according to a survey of young workers published by the AFL-CIO. The union calls the last ten years a “lost decade” for these young people during which many fell short on critical responsibilities like getting their own place, finding a […]

Ways to stretch your retirement income

Thursday, September 10, 2009, 8:30 AM | Leave Comment

Many Americans could see their money dry up before retirement ends. The reason can be shortage of traditional pensions, paltry savings levels and ever-expanding life spans. There are ways to stretch your retirement income. Most financial gurus agree that you reduce spending by at least 24 percent, according to a 2008 study by Ernst & […]

Madoff feeder fund settles with Massachusetts

Wednesday, September 9, 2009, 2:27 PM | Leave Comment

BOSTON (Reuters) – Massachusetts’ top securities regulator said on Tuesday his office has settled for $8 million with financial swindler Bernard Madoff’s feeder fund Fairfield Greenwich Group, becoming the first state regulator to reach such a agreement. “This Fairfield settlement, which provides restitution and interest for Massachusetts investors, represents the first investor relief ordered by […]

NY’s Cuomo may charge BofA execs over Merrill

Tuesday, September 8, 2009, 7:30 PM | Leave Comment

NEW YORK (Reuters) – New York’s attorney general threatened on Tuesday to file charges against top executives of Bank of America Corp over the disclosure of details regarding bonuses it authorized to Merrill Lynch & Co employees before the company’s merger. The threat by Attorney General Andrew Cuomo comes as U.S. District Judge Jed Rakoff […]

Aah! You bought a new PC. Now what?

Tuesday, September 8, 2009, 6:47 AM | 4 Comments

Schools and colleges have started their sessions. Students and parents and many others have bought or are in the process of buying a new Personal Computer. Now is the time to take some steps to keep your new machine clean and free of malware. Here is what you need to do before you do anything […]

7 Tips To Choose A Professional Tax Adviser or Attorney

Sunday, September 6, 2009, 4:32 PM | 1 Comment

There have been so many reports of consumers being scammed by tax professional advisers. Be very careful in choosing a professional. Here I describe some criteria how to select a professional tax adviser or attorney. Take as much precaution as you would choosing your or your kids doctor. Referrals This is arguably the most important […]

Appoint Power Of Attorney To Act On Your Behalf

Saturday, September 5, 2009, 6:00 PM | 8 Comments

Now that you have written out your will, the next important task is that you appoint someone with a power of attorney to act on your behalf in case you are incapacitated. It typically authorizes someone to act on your behalf with respect to your financial affairs, and is often executed by one spouse for […]

Understand Vital Parts Of The Estate Planning Process

Friday, September 4, 2009, 6:45 AM | Leave Comment

Understanding vital parts of the estate planning process consists of compiling personal information regarding your assets, and advisers. Search for an Estate Plan Organizer (EPO) in your favorite search engine. This will help you assemble and store your personal and financial information. A typical EPO can be used to store, and later amend, key personal […]

Designate Beneficiaries For Your Investment Accounts

Thursday, September 3, 2009, 6:00 AM | Leave Comment

You have worked hard all your life and have saved for retirement. You hope to lead a comfortable life in your retirement and you have accumulated a variety of assets. You have written out your WILL and have appointed a power of attorney to act on your behalf, your next task, should you decide to […]