You Still Won’t Have to Pay Until April 15 Preparing a tax return is not most people’s idea of a good time. As a result, we tend to procrastinate and wait until the last minute to file our returns. However, there are good reasons to start preparing your tax return as soon as you have…
America has reached a new economic milestone – or maybe a millstone – of $1.52 trillion. Which of the following does this number represent?
How do you plan to fund your children’s education? You’re probably counting on scholarships and grants, right? Reliance on scholarships and grants is the highest in a decade, while college savings is on the decline, according to a new report from Sallie Mae. Savings covers less than one quarter of collegiate funding for the typical…
It Will Cost You More to Buy a Home The housing market topped a new threshold over the past week. Buoyed by a strong economy and a series of interest rate increases by the Federal Reserve, thirty-year fixed mortgage interest rates reached 4.61 percent – the highest number since May of 2011. Rates crossed the…
A new government report provides both good news and bad news about America’s massive consumer debt load. The bad news: America’s total consumer debt continues to rise. According to May’s G.19 Consumer Credit Report from the Federal Reserve, combined (revolving and nonrevolving) outstanding debt rose by $11.7 billion in March to reach $3.875 trillion –…
I’m tired of people beating on permanent insurance. Last week yet another colleague of mine said, “I can’t think of a time when somebody should buy anything but term insurance.” I told him I could name five. He scoffed. I listed them off quickly to him, and today I’ll do the same for you. I…