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 […]

CEO Pay At Rescued Banks Exceeds S&P 500 Average

Wednesday, September 2, 2009, 10:41 AM | Leave Comment

The U.S. economy is seeing, some experts suggest, a rebound in general. But still, many folks who have lost jobs over the last year are still looking. Some have been out of work for more than a year. It’s hard to cope with all the everyday expenses for average Americans. But the economy is not […]

3 more months and $8,000 vanish into thin air

Wednesday, September 2, 2009, 5:45 AM | Leave Comment

Time is running out to claim the $8,000 first-time home-buyers tax credit. Passed earlier this year as part of the economic stimulus package, the credit is good for up to $8,000, or 10% of the purchase price, and applies to people who have not owned a home in the previous three years. There are some […]