November 2010

COBRA Insurance Just Isn’t Worth The Cost

November 10, 2010

On June 1st of 2010, the decision was made to end the COBRA subsidy, which effectively increased the health insurance payments of all unemployed individuals by 65%.  This news, while unfortunate, was just another article I had written.   However, a recent development has shown me first hand, just how unaffordable COBRA health insurance is for [...]

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Investing Lingo 101: What is a Short Sell?

November 10, 2010

Photo: Ian Muttoo Imagine you knew someone wouldn’t be using their car for six months, and that they were willing to loan it to you for a small fee, so long as you returned them the same make and model six months later. You take the car, sell it, and buy another back in time [...]

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3 Differences Between a Money Market Account and Savings Account

November 9, 2010

If you’ve been considering a money market account over an online savings account because of the slightly higher interest rates, then you may be confused as to the differences between them.  MMAs and savings accounts are very similar, but there are a few key differences you’ll need to know about if you open up an [...]

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What is the Uniformed Gifts to Minors Act (UGMA)?

November 9, 2010

Photo: Brad_Chaffee Accounts established under the Uniform Gift to Minors Act (UGMA) are predecessors to the now popular Section 529 plans and Coverdell ESA’s. Because of strict laws involving the rights of a minor to contract, children cannot own stocks, bonds, mutual funds or life insurance policies. Accordingly, parents must transfer such assets to their [...]

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Best Online Savings Accounts with High Interest of 2013

November 8, 2010

Online savings accounts are one of the best places to stash your cash. Also called high yield savings accounts, you earn some of the highest available interest rates for a savings account, and you get the convenience of online account management and easy transfers to and from your existing bank accounts. Recently, a reader e-mailed [...]

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What is Tax Form 1040 Schedule H?

November 8, 2010

Do you employ, or are you thinking about employing, a housekeeper or nanny? Well, if you employ any type of household employee, that will mean paying not just them, but also paying taxes on their income. (Unless you choose to hire someone indirectly, though a business that will then pay their taxes!) Hiring a household [...]

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A Quick Rundown of the 2010 Congressional Elections

November 8, 2010

Photo: Coventry City Council As the country awaited the results of the elections on Tuesday night, Americans wondered what the next two years would bring. Would it be more of the same: empty promises and political rhetoric, or the new beginning that so many of the candidates had promised? In the U.S. House of Representatives, [...]

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Save Money Everyday by Using Ebates.com

November 5, 2010

Ebates became the pioneer and leader of online cash back shopping over 10 years ago. The company was founded in 1998 by two Deputy District Attorneys in Silicon Valley who used to prosecute online fraud & identity theft before starting Ebates.  Joining Ebates is always free and no matter how much money you spend through [...]

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Are Sports Player Salaries Out of Control?

November 5, 2010

I‘ve written this article in somewhat of a timely fashion as two professional sports leagues (National Football League and National Basketball Association) are months away from a lockout that could halt their 2011 season.  It’s not secret that sports stars make enormous amounts of money and even the players that are less than fantastic at [...]

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