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Archive for the 'Saving' Category

BY GAIL MARKS JARVIS

Chicago Tribune
If you can barely scrounge up enough cash to pay the bills, saving for retirement might be relegated to your good-intentions list.
But with the nation deeply in debt and concerns mounting about Social Security and Medicare, Americans are going to need more than good intentions to secure their future. And your [...]

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The government is offering a tax-deferred window for those switching from a conventional IRA. But the tax break is not necessarily a good deal.

By Kathy M. Kristof Personal Finance
January 1, 2010
Responding to a widespread clamor for better access to Roth IRAs, the federal government is lifting some restrictions on them and giving a tax break [...]

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IR-2008-106, Sept. 16, 2008 Listen to an Audio Interview on This Topic WASHINGTON — First-time homebuyers should begin planning now to take advantage of a new tax credit included in the recently enacted Housing and Economic Recovery Act of 2008. Available for a limited time only, the credit:

Applies to home purchases after April [...]

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by Donnie Taylor
PBS INTERVIEW WITH MELVIN OLIVER
edited transcript
Sociologist Melvin Oliver is vice president of asset building and community development at the Ford Foundation and co-author of Black Wealth, White Wealth.
What inspired your studies of race and wealth?
When I went to UCLA it was the common experience of many African American faculty that they could not [...]

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PAUL KATZEFF
INVESTOR’S BUSINESS DAILY
Posted 3/20/2008
You probably already are working on your 2007 tax return. You likely also are thinking about a strategy for 2008.
Keep in mind changes in tax rules concerning retirement accounts:
• Straight shot: Starting this year you can shift money directly from a 401(k) account to a Roth IRA.
That can help [...]

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Retiring Comfortably

Planning for a comfortable retirement is one of the most important things that you can do. But because the laws are constantly changing and there are so many different options, many people just avoid the entire issue until it is too late. That approach was understandable a few generations ago. Then, companies didn’t offer pensions, [...]

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By MICHAEL DAVIDOFF

From the time we entered the workforce, we’ve learned how important it is to save for retirement. In fact, if we put $1,000 away for someone graduating from college today, it would be worth over $72,000 by the time they start collecting social security. (This assumes graduation at age 22, social security at [...]

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By Alan L. Olsen, CPA MBA (tax)
Managing Partner
Greenstein Rogoff Olsen & Co. LLP Wealth management is an important issue for those with substantial assets to protect. Many people incorrectly assume that their estates will escape federal estate tax [...]

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By MICHELLE SINGLETARY
SYNDICATED COLUMNIST
SUMMER IS OFTEN a time of transition.
Many employees switch jobs during the summer and many often wonder: Should I let the money I’ve accumulated in my company retirement plan stay in the old plan?
One participant in my online chat recently wrote: “I have $20,000 that I left in my 401(k) from a [...]

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As we firmly enter the summer selling season, we have a wonderful aroma of massive mortgage debt and overpriced homes filling the air. It is the smell of burning American Express plastic in the wallets of many itching to buy anything imported. Then we have home equity lines of credit and home loans [...]

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