What to bring if you need help with your Income Tax Return
Income Tax Questions
Here are some suggestions from AARP of what you need to provide, if you are going to get help with your taxes. I’m sure the list is applicable to those besides seniors. Here is what you should bring:
Valid picture ID
Copy of last year’s tax return – if available
Your spouse, if you plan to file a joint return
Social security card for you and anyone else named on the return
Birth dates for you, your spouse and dependents named on the return
Categories: Income Tax, Money & Finance Tags: income tax filing, income tax questions, income tax return, income tax tips, irs income tax
Keep Your Savings Safe
Money Saving Secrets
Keep emergency cash in the right place - Basically you want something that pays some decent interest but you can access fairly quickly. Parade magazine reports that for the next year the federal government will most likely offer guarantees on many money market funds – investments provided by large mutual-fund companies that offer a return typically higher than passbook savings. Investors usually receive a checkbook so they can begin withdrawing funds immediately. Bank certificates of deposit are another options. These are insured by the government as long as they don’t exceed $250,000 per depositor. You can’t access you money right away without paying a penalty, but CDs generally earn more than a passbook savings or checking account.
Categories: Debt Management, Money & Finance Tags: debt reduction, get out of debt, job loss, layoff, money saving secrets, savings, savings account, unemployment
Saving For Retirement During Economic Recession
How To Plan For Retirement After Your Portfolio Drops
Here are some tips from John Nelson, author of What Color Is Your Parachute? For Retirement with Richard Bolles of the best-selling What Color Is Your Parachute career guide. Nelson is a retirement researcher and lecturer in consumer science at the University of Wisconsin.
He created a retirement model that has been selected for the retirement readiness program for federal employees. His Retirement Well-Being Model is a research and philisophically based tool to factor in health and happiness, as well as finances, as people plan and set goals for retirement.
Tips On Choosing Health Insurance Coverage
7 Tips On Choosing Group Health Insurance Benefits
Benefits consultants Hewitt Associates says its research indicates that more than 60 percent of workers will simply default to the choice they made the previous year. This may not be the best choice. If you do not make a choice at all your employer may choose for you and they will probably pick the option that saves them the most money but may cost you more. Here are some tips that were detailed in the business section of our local paper.
Categories: Health, Insurance, Money & Finance Tags: benefits, benefits of quitting smoking, health insurance coverage
How To Defeat The Debt Monster
Debt Cures Plan
This is advice I wished I had taken when I was facing the debt monster. It comes from an article by one of the business columnists in our local paper. She is quoting from a post titled “Where to Put Your Money Right Now” by Mark Cuban a technology entrepreneur. The plan is pretty simple. Basically, the post advices pay off your debt now and forget about investing.
Categories: Debt Management Tags: debt cures, debt elimination, debt free, debt help, debt problems, debt reduction, debt solutions, get out of debt
