Archive - September 26, 2012

1
Are You Ready For Both Death And Taxes?
2
How To Check Your Credit Report
3
How To Be Debt Free Faster
4
Tax Tips For College Expenses

Are You Ready For Both Death And Taxes?

The old adage “nothing is certain but death and taxes” is very true. Since income taxes occur on an annual basis we think about them frequently. Our own death, however, we seldom think about or plan for. That’s a problem.

One of my clients recently passed away leaving his wife and two adult children. The events that transpired could have been avoided with some pre-planning.

“John and Mary” never really talked about what they wanted in the way of final arrangements. With John’s sudden passing there were many decisions that needed to be made in a short time frame. Cremation …

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How To Check Your Credit Report

We are constantly reminded that we need to check our credit report, but we assume it is a low priority to-do item. Errors on your credit report can affect your ability to get a loan or even a job. According to a 2007 CBS article, 80% of consumers have an error on their credit report. The first time I pulled my credit report, it had several of my grandfather’s (who I was named after) accounts and payment history on my report. Do you know what your credit report says about you?

There are 3 credit bureaus that collect information, …

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How To Be Debt Free Faster

The most vulnerable area of your finance is your debt that you owe to your creditors. Until and unless you can get out of it, your chances of having a healthy financial future are slim to none. Clearing off all your debt can not be done over the night even if you enroll debt management plan. You may have already accumulated huge interest and late fine penalties over the time. Therefore, proper planning is required with a bit of patience to achieve financial freedom.

Checking the debt to income ratio is the first step of understanding your financial status. Knowing …

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Tax Tips For College Expenses

Most all college students are back on campus by this point but the benefits that you can receive from various tax credits will not become apparent until you pay your taxes next year. It’s important to know what tax credits you may be eligible for early on, so that you keep good records as you pay these college expenses. Recently the IRS published their Summertime Tax Tip 2012 – 25 which details tips for students and parents paying college expenses. The actual text of this tip is listed below.

Whether you’re a recent high school graduate going to college for …

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