The east coast is getting hammered with its second natural disaster in a week. For the usually calm area (from a nature perspective), many are not sure how to react. Some in the coastal regions of the impacted states are ignoring warnings to evacuate at significant risk to their own lives. An earthquake happened earlier in the week, Steve Jobs resigned from Apple, and now a hurricane. Quite the eventful week.
If a student decides to go to a college one or more hours away from home, a large part of their living expense is room and board. Of course, there are the traditional dorm rooms and meal plans or off campus apartments. But both of these options are rather expensive. At my Alma mater, the University of Michigan, a dorm room and a meal plan can run a student anywhere from $8,370 for a triple to $12,530 for a single with a private bath. A studio off campus can run $650 per month and a 3 bedroom apartment $1,500 a month. Neither of the apartment options includes heat, electricity or food.
However, if a student is willing to take the non-traditional route, there are a few options available that will cost the student less out of pocket and ultimately reduce the amount of student loan debt they may have to acquire. Continue Reading
Do you ever find yourself dreaming of having your own business? I think most people do at one time or another (that is, those who aren’t already self-employed). Striking out on your own to blaze an independent career path is an integral part of the American Dream. But is being your own boss something for everyone to pursue? Should you start your own business?
You probably should be self-employed if…
Being self-employed requires, as much as anything else, a different mindset. What makes up that mindset?
We hear a lot about what we CAN hold within our individual IRA accounts, but never anything about what we CAN’T hold within them. A Roth IRA or Traditional IRA is an appealing financial vehicle since you have a wide range of choices versus something like a 401(k) plan where you are limited to a number of mutual funds to pick from. We all know that investments such as stocks, bonds, mutual funds, index funds, ETF’s, and annuities can be held within an IRA. The list goes on and on but you should be aware of the types of investments that are barred from these accounts. Watch out for the following investments, since they’re not allowed in a tax deferred retirement account!
What you can’t hold in an IRA:
In many ways, we are conditioned to believe that anything boring is undesirable. However, in some cases, “boring” can be a good thing. I like to think that investing is one of those things that can be better when it’s boring, rather than exciting. I consider myself a rather boring investor, focusing mainly on index funds and dividend aristocrats. Here’s why when it comes to investing, why boring is good: Continue Reading
A little while back, Internet subscription service Netflix, known for providing movies and television shows by DVD or streaming option, informed their 25 million users that they would be increasing the prices of their plans. Netflix was a popular option for movie buffs, as they had affordable options to watch movies, first by sending DVD rentals to the subscriber’s mailbox. They then offered virtual streaming of movies and television shows through the Internet and other media devices and game consoles. Fans of Netflix were furious to know that popular plans would now be more expensive. What Netflix alternatives are out there now that they raised their prices? Continue Reading
I have a friend whose husband travels frequently for work. After one of these trips, she mentioned how poorly she had slept because she had been listening for intruders. I knew that she had a home security system, so I asked the obvious, “Didn’t the security system make you feel better?”
“I don’t use that!” she said in a voice filled with disdain. “I don’t want to pay $30 a month for that!” (She and her husband bought the house about five years ago, and the system was already installed.)
I bit my tongue from saying more, but by not using the security system she already has, I think she is making a big mistake. People have the tendency to think they are safe in their homes and that other people’s houses get broken into, not theirs. However, it only takes one incident to shake this view. Still, many want to know — Is a home security system worth the expense? Continue Reading
When you file a joint tax return, you are responsible, along with your spouse, for the information in the return. If it turns out that your spouse under-reported his or her income, or claimed deductions or credits without being entitled to them, you might be liable for the resulting taxes, penalties and interest — just as your spouse is.
There are some instances in which you might find tax relief, however. The IRS, with a new rules regarding innocent spouse tax relief, is making it a little easier to get free of your spouse’s tax debt. If you want “equitable relief” there is no longer a two-year limit for applying. And, if you have been turned down because of being outside this limit, you can reapply under the new rule. But, in order to take advantage of this rule, you have to be an “innocent spouse.”Continue Reading
Putting your trust into an investment website can be somewhat scary.
How do you know if they are really trustworthy with your money and investments?
TradeKing online discount brokerage may be the place for you. Let’s take a look at what makes TradeKing great in this TradeKing review.
At TradeKing.com, you do not need to have any worries about the safety of your trades. Established in 2005, they strive to take care of their investors in every way they can. They designed their company to make it easier for investors without any confusing double-talk and they treat everyone equal, instead of only giving their full attention to the large investors.
TradeKing treats each and every client like they would like to be treated themselves, and strive to work by principles of honesty, fairness and high-touch service. At TradeKing you can even converse with other investors in their Trader Network, so that you can see what others are investing in and what is working for them, getting much needed advice for your investments from people like you. Continue Reading
So you know how when it rains, all the rain is supposed to hit the roof and roll down into the gutters, out the downspouts, and away from the house? Yeah, mine do that too. But sometimes the rain is a little more than usual (OK, a LOT more than usual) and it doesn’t quite all roll away. In fact, sometimes it gets in the ground and decides to pay a visit to my basement. Then I get that nice surprise of waking up to a self-washing floor (I’m trying to be positive here).
If you haven’t figured it out by now, we had a HUGE rainstorm and my basement had some flooding. Always a fun thing to take care of, especially when you have a blog carnival to host as well (especially one that has grown as big as the Totally Money Carnival has)!
As I’m somewhat swamped here, there isn’t going to be much of a theme this week (well, maybe a rainy one), just the awesome articles that made it to the carnival.