Archives for November 2010

3 Differences Between a Money Market Account and Savings Account

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 […]

Published or Updated: April 5, 2013

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

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 […]

Published or Updated: April 5, 2013

What is Tax Form 1040 Schedule H?

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 […]

Published or Updated: April 5, 2013

A Quick Rundown of the 2010 Congressional Elections

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, […]

Published or Updated: April 5, 2013

Are Sports Player Salaries Out of Control?

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 […]

Published or Updated: November 4, 2010

Would You Get a Prepaid Credit Card From The Kardashian Sisters?

Would you want a prepaid credit card with a picture of the Kardashian sisters on it? While it may seem like an odd combination, that’s exactly what Mobile Resource Card plans to offer. And I’m guessing the marketing move will work, meaning you’ll pay a lot more for the Kardashian card than you will for […]

Published or Updated: September 12, 2011

Getting an Auto Loan? Check Your Credit Score First

Forgetting to check your credit report is one of the easiest and most costly mistakes you can make before shopping for a new auto loan or car refinance. Studies show that about 70 percent of consumer credit reports have errors on them. And when it comes to refinancing an auto loan, those errors can cost […]

Published or Updated: March 11, 2014

What If You Can’t Pay Your Taxes?

It’s a scary thing when you can’t pay your taxes. It’s one thing to miss a credit card payment, but failing to pay the federal government taxes that you owe has potentially significant consequences, including interest and penalties. Fortunately, there are some steps you can take when you can’t pay your taxes. In fact, the […]

Published or Updated: April 21, 2014

Are You a Paranoid Workaholic?

For the first time since I graduated college four years ago, I went three days without doing work of any kind.  From Saturday until Monday of this past week, I avoided all writing, emails and phone calls and while my mini-vacation to Universal Studios, Sea World, Island of Adventures and Halloween Horror Nights was awesome, […]

Published or Updated: November 3, 2010

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