Free Newsletter to Keep you Free From Broke!Name: Email: We respect your email privacyPowered by AWeber email marketing

The 8 Least-Evil Banks as Determined by CNNMoney

CNNMoney has put together a list of the 8 least-evil banks.

What do they mean by least-evil?

Since legislation passed not long ago to reign in bank fees and unfair practices, more and more free banking is disappearing and many banks have been implementing all sorts of fees to make up for lost revenue from the new laws.  Some banks offer ways to avoid their fees but you have to jump through hoops to figure out how to qualify.

Why is this important? Bank fees can drain your account!  You can easily find yourself paying a good amount of money in bank fees every month.  According to a Wall Street Journal article (The New Bank Fees: How to Fight Back, June 19, 2010), the average fee for falling below the minimum balance on an interest-bearing account is $12.55 while the average overdraft fee was $29.58.  Add to that the fact that banks will be looking to either limit debit card transactions or add fees to the transactions and you can see how it’s getting expensive to bank!
Continue Reading

Do You Need to Adjust Your Tax Withholding?

With yet another tax season under way, it is time to evaluate your tax withholding and determine whether or not you should adjust it. There are a number of reasons to consider changing your tax withholding:

Life Changes

Major life changes might mean a necessary change in your withholding.  Marriage, divorce, death of a dependent, and the birth of a child are all life changes that can result in a need to change the number of exemptions that you claim on your W-4.  This change will mean a difference in your withholdings.

You Ended Up with a Big Refund

Continue Reading

A Better and Less Risky Way to Invest in Stocks

Valur informed investing can make stock investing less risky.

Stocks provide great returns.  There’s really only one thing wrong with this investment classIt’s the risk!  Lots of middle-class people feel that they must invest in stocks to have any realistic hope of attaining a good retirement but live in fear of the stock crashes that can wipe out the accumulated savings of a lifetime in a few years.  If only there were a better way!

There is.

Valur informed investing can make stock investing less risky.Like all of the most powerful ideas, the new way of stock investing that I will describe here is rooted in something so simple that it will amaze you that you and thousands of others did not think of it before.  Please don’t let that sway you.  This checks out.  I’ve been studying the new approach (Valuation-Informed Indexing) for nine years and I have put it before tens of thousands of people, both experts in the field and regular people.  None has yet identified a significant flaw.
Continue Reading

More Money in Your Paycheck – The Payroll Tax Cut (Social Security Tax Cut)

In late 2010, Congress and President Obama passed new tax laws that take effect in 2011 (Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010).

The Making Work Pay tax credit is gone.

As a result, most people will benefit from a cut in Social Security taxes (also known as Payroll Taxes).

Previously, people paid 6.2% toward Social Security.  Under the new law, people will be paying 4.2%, a reduction of 2% in their Social Security tax withholding rate.

That is good news for many Americans as it essentially means a 2% increase in your paycheck.
Continue Reading

How to Make Your Financial Goals a Reality

Supre Charged Guide to Financial Freedom

Do you have a solid plan that will make your financial goals a reality?

Craig has recently written some excellent articles on how to create SMART goals.  These are goals that are specific, measurable, attainable, relevant and time-bound.

However, setting financial goals is just the first step.  Once you have your aspirations properly identified, you’ve got to follow a concrete, actionable plan to move from where you are to where you want to be.

You need a map and directions to reach your desired destination, one that lays out your path in a step-by-step manner.

Financial Goals without a Plan are Pointless

Continue Reading

TurboTax Online Tax Software 2010 Review

No Easier, Faster Way to Get Your Biggest Possible Tax Refund – How so?

TurboTax 2010 is all about making things easier and more accurate this year.

They take out the hassle of manually entering your information by automatically filling in:

  • Your earnings and account information from your job, bank or credit union
  • Info from last year’s tax return, even if it was prepared using different software
  • Any income you received in interest, thanks to the integration with Mint.com

Yes, they’re still the GPS for your taxes, guiding you through the entire process. Features include:
Continue Reading

2011 Federal Income Tax Brackets and Marginal Tax Rates

Going into 2011, it was thought that the federal income tax brackets and marginal tax rates were going to change drastically because of the Bush-era tax cuts expiring.

However, they were extended for another two years, so the tax brackets and marginal rates aren’t going to change very much going from 2010 to 2011.

Here we’re going to take a look at each of the Federal Income Tax brackets and marginal tax rates for both single taxpayers and married couples filing jointly, and take a look at what is changing going into 2011.

Note: click here for the 2012 Federal Income Tax Brackets and Marginal Rates.

The lowest marginal tax rate is the 10% bracket.

The range of income covered by this bracket in 2010 was $0 to $8,375, but going into 2011, the upper limit is changed to $8,500.  Similarly, the married couples filing jointly will see a raise from $0-$16,750 to $0-$17,000.  These aren’t very big changes, and won’t change tax amounts for many people by a large amount at all.
Continue Reading

Free Newsletter to Keep you Free From Broke!Name: Email: We respect your email privacyPowered by AWeber email marketing