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Alternative Uses of Life Insurance Help College, Retirement

Americans aren’t saving enough money, hampering their ability to save up for their ideal retirement experience or top-notch college education for the kids, a new study suggests. They are not laying the foundation now for brighter days in the future. Surely the sagging US economy hasn’t helped much since 2007, but even before the bubble burst, we were generally not …

Just Married? Plan for Your Future with Life Insurance

Newly married couples have many pressing items on their to-do lists, but one task that often falls by the wayside is purchasing life insurance. Although you may not think about it as often as you do, say, car insurance, life insurance plays such an integral role in a new couples financial plan. Why? Planning for your life together may include …

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Bitcoin News Adds Spice to Investment Strategy

Imagine a world in which no one has paper currency. No one has a bank account because there are no banks needed to back them up. Yet goods and services can still be purchased — online or in person, and without pesky transaction fees. In this world, everyone has their money elsewhere, using a digital wallet that protects their finances …

Your CPA/Accountant as Personal Financial Specialist

Your tax return is more than a tally of what you owe Uncle Sam. Its a roadmap to financial planning, giving insight into investment, retirement and estate planning needs. Tax season gives us a snapshot of our total financial picture, said Miguel Palma, CPA/PFS, with Palma Financial Services, Inc. With W-2s, 1099s and other paperwork handy, its an important opportunity …

Changes for Small Business Retirement Plans in 2013

Federal lawmakers are turning over every financial rock in the economy, looking for new ways to pay off the national deficit. But what if their efforts make economic conditions even worse? Thats the concern of small business advocates, whose representatives on Capitol Hill are trying to protect small business retirement plans. They contend that lawmakers are researching new regulations that …

Four Questions Regarding Your Financial Future

If you are serious about your financial future you should know the answers to these four questions: 1) What rate of return do you have to earn on your savings and investment dollars to be able to retire at your current standard of living and have your money last through your life expectancy? 2) How much do you need to …

Use Caution with Tax-Preparation Franchises

Two recent lawsuits have shed light on tax-preparation franchises, raising red flags from unwitting taxpayers looking for fast, affordable service just in time for tax season. The fight between H&R Block and Intuit, parent company of TurboTax software, has spilled into federal court and turned nasty. At the same time, federal officials seeking stricter standards for tax preparers at these …

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The True Cost of Disabilities

Imagine that you are cruising along through a work project, whether its on an assembly line floor, in a cubicle or inside a conference room. All that labor, computer work or other effort catches up with you and, suddenly, youve put your back out. Everything that happens next should be covered, right? Wrong. And with economic conditions remaining stagnant, few …

IRS Plans Jan. 30 Tax Season Opening For 1040 Filers

  Following the January tax law changes made by Congress under the American Taxpayer Relief Act (ATRA), the Internal Revenue Service announced today it plans to open the 2013 filing season and begin processing individual income tax returns on Jan. 30. The IRS will begin accepting tax returns on that date after updating forms and completing programming and testing of …