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Showing posts with label finance. Show all posts
Showing posts with label finance. Show all posts

Thursday, July 16, 2015

How to Deal With Your Boyfriend’s $50,000 Debt (@kerenzulli @MONEY)

Things can get tricky when you love your partner, but are threatened by their current financial situation. Luckily, Kerri Anne Renzulli at Money Magazine has some advice:

Full article at Money Magazine

"While nearly a third of boomers said having more than $50,000 in student debt was a relationship deal breaker, only a fourth of millennials felt the same....Gen Y may be failing to truly take into account what carrying debt into a union can do to future aspirations like owning a home or raising children."

Image result for student loan debt

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Tuesday, July 7, 2015

5 tips to help anyone combine money with their spouse (@geoffw @businessinsider)

If you and your spouse (or spouse-to-be) are planning on merging your two financial lives into one, take some advice from Geoff Williams:

Full article at Business Insider

"It may not be romantic, but talking about cold-hard cash will strengthen your marriage — or expose some flaws in your relationship pretty quickly."



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Tuesday, June 23, 2015

15 Financial Must Dos for Anyone Having a Baby (@NerdWallet @MONEY)

If your family is soon to grow in size, check out some great financial advice from NerdWallet on how to stay ahead of the game -- at least financially speaking.

Full article at MONEY Magazine

"Some parenting preparations are best learned on the fly — how to effortlessly and painlessly change the messiest diapers, for instance. But the list of things to do before baby arrives and within his or her first several weeks is lengthy, so tackling certain tasks now is a smart idea."

Image result for baby cash

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Tuesday, June 9, 2015

House Value Jumping? Save Your Home Improvement Receipts (@ronlieber @Your_Money @nytimes)

Over the past twenty years, homeowners in cities including Los Angeles, San Diego, San Francisco, New York, and Boston have seen the value of their homes increase dramatically. So, if it ever comes time to sell the property, the gains on the sale can often be quite large, and exceed the tax-free limits.
But there are ways to offset these gains, mainly through things such as proof of the cost of home improvements, which can mean tens, and sometimes even hundreds of thousands of dollars in additional tax-free gains.

Full article at The New York Times

"If you've owned nearly any home here in Santa Barbara long enough, you could have a taxable gain on your home."

Image result for home sale

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Tuesday, May 26, 2015

Love and Money: What to Do When Financial Opposites Attract (@dankadlec @kerenzulli @MONEY)

It's often said that opposites attract, but when couples are on the opposite ends of the financial spectrum in terms of saving versus spending, some serious relationship-threatening complications can start to pop up. If this sounds familiar to you, Dan Kadlec and Kerri Anne Renzulli at Money Magazine have some advice:

Full article at Money Magazine

"In a poll last year, MONEY found that 70% of couples argue about money, putting it ahead of conflicts over chores, sex, or snoring. What’s more, money fights are the only common spats correlated to divorce: Couples who fight about money weekly are 52% more likely to divorce than those who argue about money monthly, according to a study by Jeffrey Dew, associate professor at Utah State University."

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Wednesday, May 20, 2015

Love and Money: Why Couples Need to Get Financially Naked (@dankadlec @kerenzulli @MONEY)

People often talk about the importance of open and honest communication between couples, but this advice is often ignored when it comes to the subject of money. Dan Kadlec and Kerri Anne Renzulli at Money Magazine explain why financial communication is necessary and beneficial to a happy relationship, and they give some advice on how to best approach the subject with your partner.

Full article at Money Magazine

"A few years back, an American Express poll found that 91% of people avoid money talks with their partners; another from last year revealed that only 52% have financial conversations at least weekly. Worse, one in three adults in relationships say they lie to their partner about money, the National Endowment for Financial Education found."

Image result for love finance

If you filed taxes in CA, NV, OR or Washington states and are (or were after 2010) Registered Domestic Partners, try our calculator to see if you may be eligible for an IRS refund http://www.lgbt.tax/Calculator

Friday, May 15, 2015

Allen Iverson Goes Broke: 3 Timeless Money Lessons for You (@TMFSunLion @MONEY)

Even though it is hard for most of us to compare our financial lives with those of highly paid professional athletes, there are still some lessons that all of us can learn from this NBA superstar's mistakes:

Full article at Money Magazine

"Poor Allen Iverson: the 11-time NBA All-Star, who earned over $154 million during his 15-season career, is reportedly in deep financial trouble. How did one of the top players in the NBA burn through so much of his fortune in such a short time?
Here are the key reasons Iverson lost control of his finances and the lessons we can learn from those missteps."

Image result for allen iverson

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Wednesday, May 13, 2015

The 3 Things All Millennial Parents Should Be Saving For (@TaylorTepper @Money)

There are a lot of reasons to be saving money, and more and more are added when you have children. But between 401(k)s, college savings, debt management, and many other things sucking up millennials' income, it often isn't possible to meet all your financial goals. Which should you prioritize? Taylor Tepper has some advice:

Full article at Money Magazie

"I know I should have a healthy emergency fund and contribute up to the match in my 401(k) and save for Luke’s college education. But in which order? And how am I supposed to do those things while also paying for child care, Brooklyn rent and the occasional whisky ginger?"

Image result for saving money for kids

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Wednesday, May 6, 2015

5 Ways to Protect Your Money Without a Prenup (@MONEY @CreditExperts)

If you never signed a prenuptial agreement with your spouse, or there is currently reluctance to do so before your marriage, you may be putting your money at risk. Luckily, Rebecca Zung, a preeminent divorce and family law attorney, has some advice on how to protect what's yours, even without a prenuptial agreement:

Full article at Money Magazine

"Prenuptial agreements can be a great tool for protecting assets for married couples who ultimately end up divorcing. But what happens when you don’t have a prenup? Or if you wanted one but your spouse refused to sign and you decided it wasn’t worth the aggravation? Can you still protect your assets? The answer, as is so often the case in law, is that it depends. Certain assets can absolutely be protected. Others not so much. Here is the list of ways you can protect (at least some of) your money and assets without a prenup."

Image result for prenuptial agreement

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Friday, May 1, 2015

Money Minute: Should I pay my student loans off early? (@mandiwoodruff @YahooFinance)

Are you making sacrifices to pay off your student loans early? Listen to some advice from Mandi Woodruff before you do:

Video and Article at Yahoo! Finance

"If you’ve got close to $30,000 worth of student loan debt — like the average college graduate these days — who could blame you for wanting to get rid of it as soon as possible?
But before you start stocking up on ramen and skipping doctors appointments to whittle down your student debt, take a step back and do a quick reality check."

Image result for student loans

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Wednesday, April 29, 2015

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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