Social Security Benefits Flatlined Until 2012

Social security, first passed in 1935 as part of Franklin Delano Roosevelt’s New Deal, encompasses a host of social insurance programs, including well-known federal benefits such as temporary assistance for needy families, unemployment insurance, Medicare, Medicaid, and the State Children’s Health Insurance Program. In common parlance, however, Social Security is usually used to refer to […]

The 10 Largest US Bankruptcies

It’s a sad fact of the free market: sometimes companies, even very large ones thought to be impervious to the perils of the market, fail. Some are subsumed into other businesses via buyouts, once market trading reduces a company’s value to a price favorable to other companies. Many, however, wind up filing for bankruptcy. Here’s […]

How Do Partial Balance Transfers Work?

Balance transfers have saved many a consumer from paying high interest rates on their credit card balances. In fact many consumers jump from credit card to credit card taking advantage of the 0% balance transfer promotions that many cards offer. With a balance transfer, the consumer is essentially transferring a full or partial balance from […]

What is Tax Form 1040 Schedule E?

Are you a property owner with rental income or losses? Thinking about buying a multiple unit property, living in one unit, and renting out the others? Do you expect to have any income from royalties or a pass-through entity such as a trust, estate, partnership or S-corp? If you answered “yes” to any of those […]

Is Our Economy in a Foreclosure Freeze?

As if the sub-prime mortgage crisis followed by a collapse of the housing market wasn’t enough. Behold the foreclosure crisis sparked by Jeffrey Stephan, head of Ally’s (formerly GMAC) foreclosure document processing team. Stephan admitted under oath to having signed off on documents that he had not reviewed for 10,000 foreclosure cases per month for […]

The 279th Carnival of Personal Finance – 80’s Music Lives On Edition

Growing up primarily in the 90’s, I was accustomed to turning on the radio and listening to bands named N’Sync, Ace of Base, and Hootie and the Blowfish.  Now some of you may think that childhood was no picnic, but there were few things I dreaded more than the two hour car ride to the […]