December 16, 2013 |
We are not a nation of savers. But can some individuals and families be "oversaving"? A few advice-givers contend that is the case, putting oversaving in a league with hoarding. Could you oversave for retirement? That surprising question is answered with a yes in a Morningstar report that's described in this post on Yahoo Finance. Financial advisers and retirement calculators "often rely on a generic formula that could lead some workers to oversave for their golden years by as much as 20 percent," according to the post.
December 9, 2013 |
December is time to look over your personal finances with an eye to how tax rules in the current and new year will affect your pocketbook. For example, keep an eye on health care. Investopedia describes some tax advantages and disadvantages of the Affordable Care Act. It's a mixed bag next year, according to a post by Jean Folger. "Many people will be eligible for a new kind of tax credit, and if you are required to have health insurance and you don't have coverage, you will have to pay a penalty fee on your 2014 tax return," writes Folger.
December 2, 2013 |
Money has an enormous effect on domestic relationships. Marriages are made and broken over money. Money troubles may scare people from divorce. And being single has its own issues. Half the fun of this investopedia.com post on "marriage-killing money issues" is seeing the related Web links, such as "The Tax Benefits of Having a Spouse," and "Kids or Cash: The Modern Marriage Dilemma. " Issues including the debts spouses bring to a marriage, and how each spouse approaches spending after marriage, can tear a relationship apart before it's had time to thrive.
November 25, 2013 |
Gift cards have swiftly become the default present for holiday giving. With the season upon us, let's look at the financial risks and rewards for gift-card givers, receivers, and sellers. Nothing beats the warm feeling you get from giving a gift - except for the hot prospect of getting something for yourself in return. At PocketYourDollars.com, a post by Carrie Rocha lists scores of gift-card deals that include discounted cards and free gift cards in return for purchased cards. Outlets offering the deals include restaurants, websites, movie theaters, and grocery stores.
November 18, 2013 |
Job-seekers worry how they will be perceived in person by employers, and for good reason. Likability, charisma, and - if you are ever so lucky - the "halo effect" play a major role at a job interview. Becoming more likable is the goal of many job-seekers, or should be, according to this Q&A with the author of a book, Likeonomics , at jobs.aol.com. The book's author, Rohit Bhargava, says likeonomics can be learned, and comes naturally to some figures, such as Bill Clinton. He advocates trying to connect personally with job interviewers.
November 11, 2013 |
October's jobless rate, pegged Friday at 7.3 percent, was up slightly from September. But the number's meaning is a source of monthly public confusion. Here are some explanations. The arm of government that computes the unemployment rate is the Labor Department's Bureau of Labor Statistics. This FAQ on the bureau's site explains how the number is reached and what it means. It starts with the question "Why does the government collect statistics on the unemployed?" When a willing worker is unemployed, everybody loses, it explains.
November 4, 2013 |
The word Affordable in health care is a relative term. That's why many people take advantage of tax-free flexible spending accounts to set aside money for expenses not covered by insurance. At MarketWatch.com , Jonnelle Marte blogged the late-week news of an important change for flexible spending accounts. "New rules put an end to the 30-year old 'use-it-or-lose-it' restrictions on health-care flexible spending arrangements, allowing taxpayers to carry over up to $500 of unused balances to the following year," Marte writes.