No, You're Not 'Throwing Money Away': 5 Reasons Renters are Smarter than Buyers (@KathrynTuggle @MainStr)

Most people believe that buying a home is a better, more financially sound, decision compared to renting. Kathryn Tuggle explains why this is not the case:

Full article at Main St.

“You can throw more money away if you buy a home that’s a [bigger] mistake than you ever could on renting,” he says. “When you get ready to sell, if you have not recouped the money you put into the house and then you have closing costs, brokers fees, it can cost you tens of thousands of dollars." 

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Beware the I.R.S.’s Speeded-­Up Audit (@taxmandavid @AuditDefense @nytimes)

While budget cuts at the IRS at first may have seemed like good news for those worried about getting audited, reality is painting a different picture:

Full article at The New York Times

"In other words, I could return home from a vacation or a stay in the
hospital to find not only that I am being audited, but that my audit has already
been closed and sent to the notice of deficiency unit. At this point I will have
two choices: I can either pay the bill or file a petition with the tax court. And
while I am not likely to know what losing my appeals rights means, I will soon
find out that it is too late to hire an enrolled agent or accountant to help
defend me against the I.R.S"



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6 tips for talking to your adult kids about your finances (@lisabert @YahooFinance)

Lisa Bertagnoli gives some great advice on how to talk to your children about your finances, so they can be ready and in the loop in case the worst happens to you:

Full article at Yahoo! Finance

"Financial experts say it's a tough talk, right up there with the birds and bees.
Why? "Most people aren't open about their finances anyway," says Karen Chan, a financial education expert, financial planner and principal at Karen Chan Financial Education and Consulting in Lisle, Illinois.
Too, a "we need to talk about finances" call from parents can scare the pants off children, conjuring visions of illness or impending death, Chan says. By the same token, realizing that the time to talk is nigh can send an uncomfortable chill through parents. "Parents can have a little epiphany that they're not going to be around forever," she says."

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Answer These 10 Questions to See If You’re on Track to Retirement (@realdealretire @MONEY)

It's never too early to start planning for your financial future -- are you heading down the right track for a comfortable retirement?

Full article at Money Magazine

"The good news: The Employee Benefit Research Institute’s 2015 Retirement Confidence Survey says workers and retirees are more confident about affording retirement. The bad news: The survey also says there’s little sign they’re doing enough to achieve that goal. To see whether you’re taking the necessary steps for a secure retirement, answer the 10 questions below."

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I'm a financial planner, and this is how I know you're probably in denial about money (@jjeffrose @BusinessInsider)

It pays to know the truth -- are you in denial about your finances?

Full article at Business Insider

"If you have a financial problem, the best thing you can do is confront it as soon as possible.
Granted, that's not always easy – especially if you're a generally optimistic person.
You need to be real with yourself. In what areas of your life are you in denial?
Here are some common denials that can utterly ruin you financially."





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Why It Pays to Delay Social Security Benefits (@PhilMoeller @MONEY)

Are you planning on taking social security benefits sooner rather than later? Depending on how long you believe you'll live, you may want to consider waiting.

Full article at Money Magazine

"Social security is a great insurance policy. But sometimes people mistakenly regard it as just one more investment that they should try to maximize."

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How much you have to save every year if you want to put your kids through college (@LibbyKane @BIYourMoney)

Are you planning on helping your child pay for college? Here's some great advice from Libby Kane about how much money should be saved depending on the timing and type of college:

Full article at Business Insider

"Personal finance site NerdWallet recently surveyed 600 expectant mothers and 600 mothers of teenagers to see if the financial fears expectant moms face are likely to become reality. One of the immediate insights: Everyone is worried about saving for college."




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If You Want to Buy a Home, Here’s What You Need to Do Now (@DanielBortz @Money)

Are you thinking of buying a home? Here's some information and advice from Sarah Max and Daniel Bortz of Money Magazine on becoming a homeowner:

Full article at Money Magazine

"If you’ve been sitting on the sidelines, this may be the time to act—or at least to do some serious number crunching.
Here’s some advice to help would-be home buyers plot their next move."

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