Parenting is an art as much as a science. What nurtures creativity and responsibility in one child may breed wanton disregard in another. What is a great instructional tool one day is seen as useless and starts an argument the next. And while there are many helpful and well documented methodologies for parenting, the best informed parent will make some mistakes – and learn from them. As someone who has literally written the book on teaching kids about money (The Ultimate Parenting Map for Money Smart Kids – $10 including free shipping at www.brightleitz.com), I continue to learn …Read More
- The tax credit to aid first-time homebuyers enacted as part of the Housing and Economic Recovery Act of 2008 is actually a loan, not a credit. And you don’t actually have to be a first-time homebuyer, only someone who hasn’t owned a home in 3 years.
- That is in contrast to the NEW tax credit for first-time homebuyers, part of the brand new stimulus plan of 2009, which actually IS a credit.
- Attention, prospective Cabinet appointees: If you pay someone $1,700 or more in a calendar year, or $1,000 or more in a calendar quarter, for domestic service
Planning your retirement income is like putting together a puzzle with many different pieces. One of the first steps in the process is to identify all potential income sources and estimate how much you can expect each one to provide.
According to the Social Security Administration (SSA), more than 9 of 10 people aged 65 or older receive Social Security benefits. However, most retirees also rely on other sources of income.
The SSA sends you an estimate of your benefits each year. The closer you are to full retirement age, the more accurate that estimate will be. For …Read More
What’s Not Allowed for IRA Accounts?
- Self-Dealing. You are not allowed to make investments in property which benefits you or another disqualified person. A disqualified person includes your fiduciary advisor and any member of your family, whether an ancester, spouse, lineal decendant (child) or spouse of a lineal decendent. It is important to note that this limit applies to both present and