Archive for the ‘Personal Finance’ Category

The Basics of Estate Planning

As CNN Money sees it:
 estate planning involves deciding how you want your assets distributed after you die (or become unable to make your own financial decisions)
For the folks at National Network, estate planning meant:
having a will that would go through probate and, if a person was married, titling property jointly with a spouse. It conjured [...]

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What to Do With Loose Change

We bet the majority of you have tons of coins in your wallet, awaiting on you to give meaning to their monetary lives. Let’s face it — coins tend to be overlooked and neglected, which then leads to a compilation of spare change in your back pocket.  We’ve found a handful of ways (some unconventional) [...]

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All About the Prenup

If the first thing on your mind before getting married isn’t the honeymoon, it’s most likely whether or not to get a prenuptial agreement.
Not confident what that is? No worries, we’re here to break it down for you.

Definition

A prenuptial agreement, otherwise known as a prenup, is an official agreement made by you and your spouse regarding [...]

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Common Mistakes When Planning Retirement

Perret had a point — retirement has its benefits, but not withstanding limitations. The cheese he refers to represents both youth and mobility, as well as stable income, but it’s money that is typically the main concern for most Americans nearing retirement. Below are the top blunders when planning for this delicate phase of life.
One. Poor investment [...]

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Credit or Debit?

Ever stand in the register aisle and struggle deciding how to make the payment for your purchase? When the cashier asks you, “debit, or credit?” the decision is an arduous one. Let’s take a look out the differences and similarities, as well as the pros and cons, so maybe your transaction will go more smoothly [...]

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Wellness Programs Reducing Insurance Costs

“[Companies] can’t shift more costs to the employees. They have to get the gross costs lower.”
Ms. Recht, group leader of health and welfare for the Rothman Gordon firm, couldn’t be more right in her above statement regarding the offer made by company to reduce insurance costs of employees utilizing the gym. Today, many firms like [...]

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Giftcards Turned into Credit Cards

Most of the scams and fraud alerts we cover on the LifeCellar blog relate directly to financial security, safety, and privacy of the consumer and this Wal-Mar t scam is no different. However, while some scams only affect the credit card holder, others can cost company’s thousands of dollars.

At Wal-Mart, a 6 thieves developed an [...]

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Mortgage Fraud Still Prevalent

Criminals are motivated by the low risk, high reward nature of mortgage fraud. In fact, in 2010, $10 billion in loans were made with fraudulent application data. In addition, statistics by the federal bureau of investigation show mortgage fraud increased 12 percent last year over 2009, officials said.
The crimes typically involve falsifying financial information, turning [...]

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Natural Disaster Tax Relief

If you were recently affected by a natural disaster, you may not have to wait until you file your 2011 tax return to recoup tax benefits. Instead, if you qualify, consider filing an amended 2010 return.Tax law allows you to claim casualty loss in federally declared disaster areas the year before the disaster actually occurs [...]

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Data Breaches Reflect Familiar Trend

In our Complete Guide to Identity Theft, we mentioned that though the number of credit card identity theft fraud cases is rising, the dollars lost per theft is decreasing. The same trend seems to be occurring in data breaches as well, as a recent Verizon study showed that though data breaches are on the rise, [...]

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