Archive - February 2013

1
How Do I Start Saving? 5 Tips To Get Started Today!
2
Investing: Gender-Based Differences
3
Free Income Tax Filing Options
4
Military Tax Benefit: Extension Of IRS Deadlines
5
Bailing Out The Boneheads

How Do I Start Saving? 5 Tips To Get Started Today!

Very few people get really excited about saving money. Sure, there are some people out there that really love it, but for the rest of us, it just isn’t all that fun. Most would rather spend our money today on things we think will make us happy instead of putting it away to fund our future goals. Why is that? Our brains are actually wired this way. We receive a rush of endorphin’s when we spend money, but don’t receive any benefit when we save money.

When people ask me for advice on how to start saving, the first step …

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Investing: Gender-Based Differences

The more you know about yourself, in particular, and investing, in general, the more likely it is that you will obtain a better investing results.

The intent of this article is twofold: primarily, it is to raise your awareness of certain gender-based investing tendencies and secondarily, it is to make you a better investor given what you now know about gender-based tendencies. It is not the intent state that the differences are genetic, cultural, and sociological or some combination of the three that cause these measurable differences.

The following is a summary of data gleaned from numerous articles and papers …

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Free Income Tax Filing Options

Did you know that you can file your taxes online for free? There are options available for you to file your income tax return for nothing – nada.  There are also options available to get free assistance and use tax preparation software for free, as long as your income is within the limits.

As you research a way to prepare your taxes using one of the no-cost or low-cost methods, keep your guard up.  Beware of Refund Anticipation Loans – the loan that the tax prep company offers you in order to receive your refund (actually only a portion of …

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Military Tax Benefit: Extension Of IRS Deadlines

Most military members that have served in a combat zone know that they have an extension for filing their income tax.  The barracks lawyers and finance folks on base will let you know about that.  But what a lot of military members don’t know is that essentially all deadlines with the IRS are extended when you serve in a combat zone.  (By the way, these rules also apply to Red Cross personnel, accredited correspondents and civilian personnel acting under the direction of the Armed Forces in support of forces in a combat zone…these folks need to be in the combat …

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Bailing Out The Boneheads

According to AIG and the Treasury Department, we should all be applauding the grand success of the massive bailouts. Few outside of Washington or AIG’s imposing Wall Street headquarters are celebrating, however. The AIG bailouts, and there were many, left our economy more vulnerable and American taxpayers poorer than before.

The recent AIG marketing campaign makes my skin crawl. In what they are calling “America’s Profit,“ AIG boasts that repayment of the bailouts created a positive return for taxpayers. Making such claims after the largest bailout in American history deserves a review.

Sheila Bair, former FDIC chair, shares …

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